An example of adaptation to these concepts is Hotels & Resorts, the largest operator of luxury hotels, which has transformed itself by following three steps:
1 - Stop being hotel owners so that the main focus can be the customers, for this reason 110 establishments were sold in the last decade at a value of $7,500 million, in order to focus on management, differentiated service and customer loyalty.
2 - Become a global company that offers its clients the service they prefer, wherever they are traveling.
3 - Respond to the customer based not so much on their income levels, but according to their personality, creating hotel concepts tailored to the different expectations and tastes of the generation.
Source: americaeconomia.com
More on this topic
December 2009
A Deloitte survey on November-March travel plans suggests optimism and moderation by U.S. travelers.
Deloitte’s survey of 2,000 consumers in the United States revealed that almost half (45 percent) will take a vacation or leisure trip that involves staying overnight in a lodging facility, such as a hotel, motel or a timeshare, from the beginning of Thanksgiving week through March of next year. Additionally, the survey showed:
April 2010
If a business is successful somewhere else, it doesn’t mean it will be automatically successful in our market.
Studying consumption trends in more developed countries is a good source of potential business opportunities. If a product or service is selling well and being profitable in a country, it is likely to be successful in another.
February 2011
The establishment of shopping centers and big chain restaurants marks the increase of purchasing power of consumers.
The southwestern region of the country accounts for 21% of national consumption, the highest proportion after the metropolitan area which represents 27%. The central area of the country concentrates only 12%.
January 2009
Albeit at a slower pace in 2009 than in 2008, Latin America will remain one of the fastest-growing ICT markets of the world.
The global economic crisis will no doubt hit Latin America’s ITC market strongly during 2009, particularly during the first two quarters of the year.