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Wharton 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...
Read MoreRead MoreCompanies sure seem to be falling all over themselves to be the first on the web 2.0 social networking bandwagon. YouTube MySpace Facebook, Etc.But there are many land mines that than can implode your marketing program before your very eyes. Before your ad agency launches you into the...
Read MoreRead MoreHere's the situation: You're the GM of a small luxury hotel. Demand is soft in your market and your chief competitor started offering huge discounts. How can you compete? (Sound familiar?) Matching discounts won't stimulate demand and you'll end up in a lose-lose situation (see Hotel...
Read MoreRead MoreIn times of slack demand companies with perishable product (hotels) are often quick to offer discounts in an effort to stimulate occupancy. But is this the right marketing strategy? Large hotel chains with sophisticated revenue management systems can surgically modify pricing months in advance to minimize...
Read MoreRead MoreThe world's largest travel community conducted a survey of 2,200 travelers worldwide recently and just announced the results. They wanted to know what travelers say makes hotels great. Interesting results indeed - here are the 3 most important factors: When asked what makes a hotel great,...
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