Leveraging BI to Optimize Revenue and Costs Along the Guest Journey
📋 Leveraging Business Intelligence (BI) tools during the pre-stay hotel phases—Attraction (Pre-Booking), Booking, and Upsell Marketing (Pre-Arrival)—can maximize revenue and minimize costs. BI tools provide real-time data analytics, actionable insights, and predictive modeling for data-driven decisions. Hotels can optimize marketing campaigns, adjust pricing strategies, and offer personalized guest experiences. In the Attraction phase, BI analyzes market segmentation, marketing campaign performance, website and digital analytics, and competitor and market insights, reducing Customer Acquisition Cost (CAC) and increasing profitability. During the Booking phase, BI assists in channel management, pricing optimization, and conversion rate improvement, leading to reduced distribution costs and enhanced user experience. In the Upsell Marketing phase, BI aids in understanding guest profiles and preferences, measuring upsell performance, and evaluating communication effectiveness, contributing to increased ancillary revenue and guest satisfaction. 📈
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