The Art Of Segmenting Your Hotel's Market: Understanding Your Target Audience
- julianpunch
- Feb 13, 2023
- 2 min read
Updated: Feb 17, 2023
As a hotelier, one of the most important aspects of running a successful business is understanding your target audience. By knowing who your guests are, what they want, and what they need, you can create more personalised and effective marketing and sales strategies to help you maximise your revenue. But how do you go about understanding your target audience?
The answer is simple: market segmentation.
Market segmentation divides larger markets into smaller groups of consumers with similar needs or characteristics. By segmenting your hotel's market, you can gain a deeper understanding of your target audience and create more targeted marketing and sales strategies that resonate with each group.
To start, consider the different types of guests who stay at your hotel.
Are they primarily families, business travellers, or leisure travellers?
Are they young or old?
What is their income level?
What is their geographic location?
These are all essential factors to consider when segmenting your market.
Once you have a clear picture of your target audience, you can use this information to create tailored marketing and sales strategies to speak to each group.
For example, suppose you have a high number of business travellers. In that case, you should focus on offering convenient, on-site meeting facilities, high-speed Wi-Fi and other business-friendly amenities. On the other hand, if you have many families, you should focus on providing kid-friendly activities, such as a pool or a game room.
By taking the time to understand your target audience and segmenting your market, you can create more effective marketing and sales strategies that will help you maximise your hotel's revenue. Not only will your guests appreciate the personalised touch, but they will also be more likely to return and recommend your hotel to others.
In conclusion, market segmentation is a powerful tool for hoteliers looking to boost their revenue and reach their target audience effectively. By segmenting your market and understanding your target audience, you can create more personalised and effective marketing and sales strategies to help you achieve your business goals and succeed in today's competitive hospitality industry.