Secrets To Managing Hotel Occupancy During Slow Periods
The hotel sector has a fantastic chance to attract high-quality customers. You can’t be a hotel manager, owner, or revenue management without being aware of the importance of seasonality. The tremendous demand and swarms of visitors that characterize the peak season are, without a question, the finest time of year for hotel owners.
In addition, it is not hard to have a completely booked hotel during those periods. They are also aware that this will alter in the near future, as it does every year. High season is followed by mid-season, and then off-season. The hard reality and the most distinguishing aspect of the global hospitality sector is the constant struggle to attract customers and attain maximum hotel occupancy. To boost business during the slow months, hotel owners like yourself need to have a firm grasp of seasonality. This way, you won’t have to worry about things like erratic cash flow, poor ROI on capital investments, or underutilized resources.
A property’s viability is at stake during the off-season, especially if funds are limited, to begin with. Also, if your hotel’s profit margins are razor thin, to begin with, a sudden drop in reservations and income might be disastrous. Similarly, every hotel owner, no matter how big or little, has struggled during the slow season. If you’ve been running a hotel for any length of time, you’ll know to anticipate your slow and busy periods accordingly.
Increase your marketing efforts during these periods. To boost hotel revenue during the off-season, you need to approach this with some strategies. In addition, many vacationers try to plan their trips around these periods to escape the crowds and the higher expenses. You may use this to your advantage by making your hotel more appealing to potential guests and so increasing your number of direct reservations.
Here are a few suggestions for getting by during the off-season:
Increase Repeat Guests:
One of your finest marketing tools is your customers, both new and returning. Depending on how well you treat your guests, your hotel might either flounder or thrive. Hotels that have satisfied returning customers might compare their business to an investment. The greater the initial outlay (from repeat customers), the greater the potential reward (business ROI). All hospitality establishments, whether hotels, B&Bs, restaurants, or anything else, place equal importance on maintaining their current clientele as they do on attracting new ones.
They always make a point of thanking the hotel employees who go above and beyond to ensure their stay is enjoyable. A reputable hotel cares about its customers before, during, and after their visit, and works hard to provide them with the finest possible service at all times. Therefore, nothing beats regulars who spread the word and bring in new business. This tactic works best during high season when the hotel has the most customers and can offer the greatest deals to keep them coming back. What this means for you is an opportunity for a lucrative off-season business.
Use Loyalty Programs:
One of the best ways to increase your hotel’s recurring business is to launch a reward program. You may boost hotel occupancy with the aid of a loyalty program by developing deeper connections with your regulars. To attract customers, you might use techniques such as sending them personalized emails that provide discounts, offers, reward points, and more.
Put Underutilized Areas To Use In Novel Ways:
To supplement your hotel’s income during the slow season, consider renting out unused rooms. It’s possible that these areas won’t be permanent fixtures at your hotel, but they may serve as a useful marketing tool during the off-season. Weddings, parties, and other special occasions are just some of the many uses for a garden. If you give the people who attend these events a memorable time, they may become regulars. Put the hall to good use by hosting a yoga or dancing class, a family reunion, a business meeting, etc. Guests will feel more at home and spend more money at your hotel as a result.
Organize events:
Conventions and other special events have always been a reliable source of off-season income for hotels. Each function is also an opportunity to promote your hotel’s other amenities, such as rooms, dining, activities, and spa treatments. Check out what’s going on in your city, from music performances and concerts to festivals and fairs to comedy shows and marathons.
People from all around the world will flock to this. In addition, you might team up with the event’s sponsors to provide exclusive discounts to attendees and participants via targeted advertising campaigns. As a result, you’ll be able to take advantage of excellent advertising possibilities and increase your number of visitors.
Set Up Sales And Promotions:
Costs may be kept down by offering sales during the off-season. The notion of a “good deal” can help your hotel attract more guests since people are always on the lookout for a bargain. Make your discounts obvious and effective for the budget and last-minute travelers who will be searching for them during the off-season. Encourage visitors to stay longer when they fill in their dates, with a reminder of the discount that you give. Group booking discounts are another way to entice families, businesses, and other types of groups.