As business analysts dissect the latest numbers regarding the ongoing labour shortage, commonly known as 'The Great Resignation', they're uncovering some startling trends that suggest the problem is far from over. According to a Goldman Sachs survey referenced in a Forbes article of the 40% of workers who say they plan to quit their current job in the near future, two-thirds of them are actually retiring, and they say they're not coming back.
So, hotels need to get ready for a new way of doing business because a new generation of buyers is entering the marketplace and your sales team better be ready!
You may be thinking: Why would I need to change my sales strategies and processes to suit these new buyers? I've been using these strategies for years and they've always worked!
Contracts with overly restrictive terms and conditions won't win bookings from buyers.”
Here's why. Today, nothing is the same as it was two years ago, full stop. The new generation of group accommodation buyers corporate planners, government/association agencies, travel managers, meeting/event planners, third-party sourcing agents, etc. are younger, tech savvy and expect on-demand answers.
Hence, hoteliers need to align their sales strategy to match the way that this new generation wants to conduct business. Making these updates to your sales strategy now is the best way for you to stand out from your competition, earn more bookings and increase revenues from the new generation of buyers.
Convinced yet? I thought so. Now the important question is this: what changes do you actually need to make?
1. THE NEW STANDARD FOR SERVICE
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Why Western Couples Are Choosing India For Their Big Day?
Decoding the reason, and how to cater to them...
A Match Made in India
Director General of Tourism Mugdha Sinha's grand vision for wedding tourism...
Tee Off in Style
Hoteliers are giving golfing facilities a boost even as they offer putting greens that make the sport popular.
Bespoke Getaways: What Makes Them Desirable?
Boutique hotels are increasingly becoming the first choice among discerning guests as they provide meaningful breaks.
Blending Tradition with Innovation
The balance of honouring tradition while adding a dash of modern flair is what keeps the culinary scene fresh and exciting...
DON'T THINK, OUTSIDE THE BOX
The oft-quoted maxim, \"Think out of the box!\" does little to encourage creativity or innovation and often is their enemy.
Putting the Wow into Weddings
As hotels become the preferred venue choices for weddings, the industry is certainly shaking things up.
Innovation Is Not an Option but a Necessity
Emphasizing the need for the Indian hospitality sector to innovate and disrupt itself in the current transformative period.
Why Marriott built its GCC in India?
Drew Pinto, Executive Vice President and Chief Revenue & Technology Officer of Marriott International, tells Hotelier India all about finding the best talent in India...
FROM POTENTIAL TO POWERHOUSE
In an exclusive and candid interview with Hotelier India, Gajendra Singh Shekhawat, India's Minister of Culture and Tourism, speaks about how tourism and hospitality will power India's economy by 2047.