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Need more proof it pays to advertise in a recession? General Mills cites supporting its well known brands with increased advertising (up nearly 20% in the second half of 2008) as one of the key reasons for its recent sales success where sales grew 11%. Here's another...
Read MoreRead MoreThe article "Marketing to Succeed in Difficult Economic Times" mentions how Wharton Professors recommend increasing advertising to build share and revenue in recessionary times. (see previous post) Walmart is obviously a believer in this strategy. According to AdAge Magazine: "The retail behemoth, long known for its penny-pinching...
Read MoreRead More"Every sector of business, including hospitality, faces momentous challenges stemming from the global recession. Occupancy is suffering, and all indications are that the deterioration will persist for quite some time. The latest Blue Chip Economic Indicators Report, a composite forecast of 52 economists, projects the...
Read MoreRead MoreHospitality marketing professionals narrowly focused on surviving this recession may be overlooking important and successful hotel marketing lessons from the recession of 2001-2002. While 2001/02 wasn't as bad as the current economic downturn, still there were winners and losers back then as well. So what did the...
Read MoreRead MoreWharton is one of the most prestigious business schools in the world. And now you have an opportunity to hear how Wharton marketing professors think you should market in these recessionary times. We are delighted to present a podcast of an article entitled, “When The...
Read MoreRead MoreRetailers are some of the savviest marketers around. With an entire year's worth of profitability riding on their holiday marketing plans, what are they doing to maximize revenue? And what can hotels learn from retailers? A recent article in the Wall Street Journal pulled the curtain...
Read MoreRead MoreAn article in today's New York Times details how magazines are suffering as a result of a collapse in luxury spending. While the year started out well, the bottom fell out in October. According to MasterCard's SpendingPulse, luxury spending dropped 20.1 percent in October alone. More than...
Read MoreRead MoreAny question we are in a recession? Let me tell you a little story. Last weekend I was reading the Sunday paper and saw a local grocery store ad offering double coupons Sunday only. A $1.00 coupon would receive $2.00 purchases. With a paper full of...
Read MoreRead MoreI was just getting ready to recycle my newspapers when an article about the TV ratings for this year's World Series caught my eye. It was an AP story with an interesting title: Baseball: Thrown a Curve, Audience Walks While the article does say the Series was...
Read MoreRead MoreAs a small luxury hotelier you know the story - nearly every guest who comes through your door will have checked past guest reviews on TripAdvisor before coming. That's why yesterday's announcement that TripAdvisor now has over 20 million reviews is so important to you. Last...
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