7 Steps to Build a Reliable and Stress-Free Hotel Forecast
Stop guessing your demand. Learn the simple 7-step guide to hotel forecasting to build reliable budgets, optimize your pricing, and take control of your revenue.
Written by
Florie Thielin
in
Digital Marketing Having a good understanding of who your potential customers are is vital to pinning down their specific needs and creating an adapted communication and digital marketing strategy.
In this article I will help you list the key market segments identifiable for your hotel's BCG matrix and ask yourself the following questions to help you prioritise and make the right choices:
Where are your hotel guests from?
How far do they travel to reach your destination and hotel?
Are they local, regional, national, international?
If international, which country are they from?
Which language(s) do they speak/ understand?
Why do your customers choose your hotel for their stay?
Do they come for business or leisure?
At which stage of their lives are they?
What is their purchasing power?
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Are they travelling solo, in couples, small or large groups?
Which kind of groups do you receive?

Also, ask yourself the following for each key hotel customer segment:
By attracting the right customers and having a good mix of the different market segments, you can optimise your hotel ADR and also mitigate the effects of seasonality which is vital to your hotel's rentability!
In a world that needs sustainable tourism more than ever, Florie has been the in-charge of sustainability at HotelMinder.
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