article thumbnail

Guest Retention vs Acquisition: What’s the Difference?

Revenue Hub

Guest retention refers to the strategies and efforts that encourage guests to return to your property after their first stay. Understanding the concept of guest retention in hospitality In the hospitality industry, guest retention is the foundation of long-term profitability.

article thumbnail

Mastering Guest Retention: The Key to Long Term Success

Revenue Hub

However, the true marker of success and sustainability lies in a hotel’s ability to retain guests. Retention not only signifies guest satisfaction but also leads to more stable revenue streams and enhanced brand reputation. In this article, we explore effective strategies for guest retention.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Is the NPS® the Key to Hospitality Success?

Hospitality Net

Don´t you think that it would be great to know The Secret to Guest Retention?

article thumbnail

What are the Benefits of Starting a Loyalty Program?

Revenue Hub

Guest retention and cost effectiveness Loyalty programs are a terrific way for hotels to boost guest retention. So, with the help of a loyalty program, you are likely to attract these frequent travelers , because they seek out hotels that will reward them for repeat bookings.

article thumbnail

Hotel Profit Leaks: Effectively Manage CAC and Employee Turnover

Revenue Hub

Guest Retention : A high guest turnover rate increases the CAC as more resources need to be spent to attract new guests instead of retaining existing ones. Retaining customers typically costs less than acquiring new ones, so focusing on customer service and guest experience is crucial.

article thumbnail

Hotel SMS Remarketing: Boost Engagement, Bookings and Revenue

Revenue Hub

By embracing a remarketing strategy that equally values past guests and potential new customers, hotels can effectively capitalize on every level of guest interest.

Book 98
article thumbnail

Essential Hotel Sales Strategies

Revenue Hub

Email marketing is also effective for regularly sending offers, updates, and news to subscribed guests. Customer service and guest retention: Good customer service is crucial to satisfy guests and encourage them to book directly with the hotel again.