General Knowledge
~4.7 Trillion Dollars
Give me 3 Examples of Decision Makers in the Hospitality Industry
- C-level Executives
-General Manager
-Marketing and Sales Directors
-Events Directors
-Client Relationship Managers
-Brand Managers
How does heavy reliance on OTA influence the Hospitality Industry?
Reduces Profits and Weakens Relationships
DAILY DOUBLE
Hospitality businesses must maintain strong relationships with these public entities to comply with safety, zoning, and tourism regulations.
Government Agencies
The Four Seasons wants to strengthen relationships with VIP Guests that want podium views in a luxury space to help secure repeat bookings and elevate their status.
72 club ($9,500)
Name 2 Core Segments in the Hospitality Industry.
Lodging
Food & Beverage
Travel & Tourism
Recreation & Entertainment
OOOOOOOPS NO POINTS
Sorry to be you
DAILY DOUBLE
What is the main challenge that the hospitality industry is going through right now?
Labor Shortage & Retention
These companies provide the goods and services (like food, linens, and cleaning supplies) that hotels rely on daily.
Suppliers & Vendors
Moet Hennessy wants to showcase and activate their product in a lively environment with included food and beverage so they can capture brand content and guests can enjoy branded cocktails.
Marina Cabana ($95,000)
Tourism, travel, and hospitality together account for roughly this percent of global GDP.
~10%
Give 3 Key Decision- Making Factors
Customer Experience & Loyalty
Revenue Optimization
Brand Alignment
Operational Efficiency
Market Trends & Cultural Fit
Tourism boards and governments are placing pressure on hotels to reduce this environmental impact.
Carbon Footprint & Emissions
These individuals provide funding and property stability for growth
Booking.com wants to host high-spending travelers and corporate accounts in an entry level club space that includes f&b to promote their platform as the go-to booking option for global sports and entertainment travel.
Turn 18 Club ($3,400)