We’re at a pivotal time in the industry when businesses must shift their thinking and the way they approach revenue growth. Transforming the guest experience is the new path to maximizing revenue. Sometimes referred to as GEM (Guest Experience Management), this transformation is essentially about creating a seamless, memorable time while on property. Amenities such as golf, spa, entertainment, or other activities can translate to improved brand loyalty, repeat business and increased wallet share. That’s the end game. To do this, we must see beyond the single transaction and instead have a 360-degree view of guest interactions at every single touch point throughout the property.We’re at a pivotal time in the industry when businesses must shift their thinking and the way they approach revenue growth. Transforming the guest experience is the new path to maximizing revenue. Sometimes referred to as GEM (Guest Experience Management), this transformation is essentially about creating a seamless, memorable time while on property. Amenities such as golf, spa, entertainment, or other activities can translate to improved brand loyalty, repeat business and increased wallet share. That’s the end game. To do this, we must see beyond the single transaction and instead have a 360-degree view of guest interactions at every single touch point throughout the property.
For some large resort operators, non-gaming spend contributes more than 25% of the resort’s net revenue. We can’t underestimate the value of these guests, and understanding their behaviors and habits, really knowing them. We’ve outlined a few approaches operators have used to glean more insights into this important guest demographic.
Technology Considerations
Nothing essential has changed for the industry; it remains clearly focused on delivering the best experience possible for everyone. Guests are going to continue spending, but they’re becoming more cognizant of where the spend is going, often looking to get greater value from each spend. The technology used on property must take into consideration the end-to-end guest experience, from recruitment to post-departure. There are certain solutions that will enable guest satisfaction and help you meet business objectives. But more than thinking about technology, think about the experiences you want to create for the different guest profiles. Then look at the technologies that will support those service levels and help meet business objectives better, faster and maybe even at a lower cost.