As I went through several rebranding initiatives in the past with other hotel groups, reading the announcement of the very successful Jumeirah rebranding a couple of days ago made me brainstorming about the pros and cons of such an initiative in our industry, the purpose of doing so and the actions to take or to avoid in order to do it right. It turns out that in the dynamic world of hospitality, rebranding a hotel group can be a strategic move to stay relevant, attract new customers, and adapt to changing market trends… Read in full at https://lnkd.in/eB_u_d-4 #RebrandingStrategy #HotelIndustryTrends #BrandIdentity #MarketAdaptation #CustomerExperience #FinancialRisk #OperationalAdjustments #HeritagePreservation #hotel #hospitality #vertu #vertuhotels #marketing #branding ##StakeholderEngagement #ConsistentMessaging
Gerald Lampaert’s Post
More Relevant Posts
-
https://buff.ly/3BjFWUw Game Theory in Luxury Hospitality Marketing: The Strategic Edge #hotels #hoteliers #hotelmarketing #hotelpricing #hotelrevenue #revenuemanagement #gametheory
Game Theory in Luxury Hospitality Marketing: The Strategic Edge
https://revenue-hub.com
To view or add a comment, sign in
-
Check out our recently published report on Brands and Brand Families. The Hotel Brand Performance 2024 report highlights the criticality of choosing the right hotel brand amidst slowing Revenue Per Available Room (RevPAR) growth and increasing brand proliferation in the U.S. hotel industry. The report provides a detailed analysis of the industry's performance from 2013 to 2023, noting a slowdown in RevPAR growth, with a marked impact from alternative lodging options. Rachael Rothman, CFA, ISHC Will Webster Robert Mandelbaum Lindsay Dyer Hogan McDade Erin Mulvania Cole Mortland #CBREHotels https://lnkd.in/gYUbzX-N
Slowing RevPAR Growth Makes Hotel Brand Selection More Critical
cbre.com
To view or add a comment, sign in
-
The future for soft brand hotels appears promising, as seen by the consistent growth in popularity and affiliations. Soft brand hotels, also known as soft brand collections or collections of independent hotels, are a relatively recent trend in the hospitality industry. These properties offer a unique blend of independence and brand affiliation, allowing them to maintain their individual character while benefiting from the resources and support of larger hotel brands. The evolution of soft brand hotels in the hospitality sector has been influenced by factors like the increased demand for unique and authentic experiences that reflect the local culture of their destinations as well as expansion into new markets to cater to various traveler segments. #SoftBrandHotels #FutureofHospitality #TravelTrends
Maximizing investment returns on soft brand hotels
hotelmanagement.net
To view or add a comment, sign in
-
Hyatt CEO Mark Hoplamazian talked about how brand standards and higher attrition played a role in NUG revision; further analysis of Grupo Piñero and pursuit of an asset-light strategy. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality #hoteldeals #hyatt
Hyatt CEO explains reasons for lowering net room guidance
hotelinvestmenttoday.com
To view or add a comment, sign in
-
Boost your #hotel success with a #strong #branding! Discover top tips and strategies for #building a memorable and impactful hotel brand. From creating a unique value proposition to #Leveraging #socialmediamedia and hotel persona, we've got you covered. Dive in and start building your hotel's brand today!
Building a Strong Hotel Brand: Tips and Strategies - Open Source and Free Hotel Booking Management Software
https://qloapps.com
To view or add a comment, sign in
-
#NewsUpdate | Centara Hotels & Resorts recognized as the strongest brand in Brand Finance’s ‘Thailand 50’ report 2024 Centara Hotels & Resorts announces that it has been recognized as the strongest brand in Brand’s Finance’s ‘Thailand 50’ Report for 2024. This marks the second consecutive year that Centara Hotels & Resorts has topped this distinguished list, after its flagship five-star concept, Centara Grand, named as Thailand’s best brand last year, reaffirming the group’s position at the pinnacle of customer satisfaction and service excellence. To know more, follow T3 (Travel Trends Today) https://lnkd.in/dz-y6dvr Moumita Mukherjee Paul Hemant Jagtap Pallavi Mehra Gagneet Kaur Kuhelika Roy Choudhury Jaya Chugh Ishaan Nahar Surendra Pal Singh Ritesh Purohit Hitesh Rane Khushboo Abrol #hospitalityindustry #travelupdates #travelnews #hotels #centara #thailandnews
Centara Hotels & Resorts recognized as the strongest brand in Brand Finance’s ‘Thailand 50’ report 2024
https://www.traveltrendstoday.in
To view or add a comment, sign in
-
A Strategic Shift in Hospitality Market Penetration... Hyatt Hotels Corporation’s pending acquisition of Standard International, LLC signifies another pivotal moment in the hotel industry. As major players expand their lifestyle brand portfolios, we are witnessing a profound transformation. This development is more than just a new chapter—it’s the result of a carefully orchestrated strategy that is redefining the future of hospitality. The sector stands at the juncture of exciting and dynamic shifts.
Hyatt to Buy Lifestyle Hotel Group Standard International for up to $335 Million
finance.yahoo.com
To view or add a comment, sign in
-
To stand out in the competitive luxury hotel market, it's essential to shift the focus from price to experience. Storytelling is a powerful tool to create emotional connections with guests. By highlighting unique features, such as historical significance or exceptional spa experiences, hotels can differentiate themselves. Effective visual storytelling, through captivating imagery and video content, is essential to engage the target audience. Personalization and exclusive services can further enhance the guest experience. By understanding and addressing the emotional needs of guests, hotels can build lasting relationships and drive loyalty. Ultimately, success in luxury hotel marketing lies in focusing on what makes a hotel unique and how it makes guests feel. #luxuryhotels #hotel #hospitality #marketingstrategy #luxurybrandmarketing #sales #storytelling #hospitality LinkedIn
Luxury hotel marketing: Strategies for elevated guest experiences
hospitalityinsights.ehl.edu
To view or add a comment, sign in
-
Now, there is an #allinclusive for everyone. Hyatt's new brand targets Gen Z and more price-conscious travelers. https://lnkd.in/esJ8nT6b #hyatt #hotels #allinclusive #allinclusivehotels
Hyatt's next all-inclusive brand targets a different demographic
travelweekly.com
To view or add a comment, sign in
-
*AI supported The Decline of Legacy Hotel Brands: A Reflection on Consistency and Value A recent experience during one of my travels triggered a thought that has been brewing for some time. Having worked with numerous hotel brands for over 20 years, I’ve had a front-row seat to the evolution of the hospitality industry. Unfortunately, what I’ve witnessed recently is a concerning trend: some of the older, once-iconic hotel brands have lost the values and consistency that made them renowned in the first place. These brands were once the epitome of luxury and exemplary service, setting the standard for the industry. Yet, over time, I’ve seen a gradual but noticeable decline. What began as minor inconsistencies—perhaps a lapse in service quality, a decline in property maintenance, or a shift in brand identity—has led to a significant deterioration in their overall value. This decline is not just in the physical aspects but also in the intangible qualities that used to make guests feel special and valued. The consistency that these brands were known for has become erratic, leaving loyal guests and new customers alike questioning the reliability of their experiences. It seems that in the race to expand or reinvent themselves, some of these legacy brands have lost sight of the very principles that made them great. However, not all is lost. There are still older brands that have managed to adapt while maintaining their core values, continuing to offer exceptional experiences that resonate with today’s travelers. But for those that haven’t, the question remains: Can they reclaim their former glory, or have they strayed too far from their roots? This recent experience has made me reflect on these issues more deeply, and I’m curious to hear your thoughts. What steps do you think these legacy hotel brands should take to regain their lost value and consistency? How can they reconnect with the essence of what made them great in the first place?
To view or add a comment, sign in