{"id":2904,"date":"2016-05-09T16:28:37","date_gmt":"2016-05-09T15:28:37","guid":{"rendered":"https:\/\/www.thehotelfactory.com\/en\/?post_type=post&#038;p=2904"},"modified":"2022-03-04T13:14:59","modified_gmt":"2022-03-04T13:14:59","slug":"making-a-difference-method-for-obtaining-a-higher-profitability","status":"publish","type":"post","link":"https:\/\/thehotelfactory.com\/en\/making-a-difference-method-for-obtaining-a-higher-profitability\/","title":{"rendered":"Making a difference, method for obtaining a higher profitability"},"content":{"rendered":"\n<p style=\"text-align: justify;\"><em><span style=\"font-weight: 400;\">Differentiation has become a new strategy within the hotel industry to obtain higher profits and a competitive advantage. <\/span><span style=\"font-weight: 400;\">the hotel factory <\/span><span style=\"font-weight: 400;\">outlines how to recognize if differentiation is right for your company.<\/span><\/em><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For a hotel to be just a place to sleep is no longer what clients are looking for<\/span><span style=\"font-weight: 400;\">.<\/span> <span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">he need to offer a more complete experience<\/span>\u00a0<span style=\"font-weight: 400;\">to <\/span><span style=\"font-weight: 400;\">be remembered has become a patent for hotels.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">It\u2019s for all to see that the <\/span><b>hotel industry has changed considerably <\/b><span style=\"font-weight: 400;\">in the last years and is going to continue to do so<\/span><span style=\"font-weight: 400;\">. O<\/span><span style=\"font-weight: 400;\">ne of the aspects that has been and will remain the most influential is the <\/span><b>tendency towards differentiation<\/b><span style=\"font-weight: 400;\">. Facing an excess in supply in the market, differentiation is the only possible alternative to ensure a demand for your product.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin-left: 10px;\" src=\"https:\/\/www.thehotelfactory.com\/wp-content\/uploads\/2011\/11\/busqueda-operador-compressor.jpg\" alt=\"busqueda\" width=\"355\" height=\"200\" \/><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">To replicate the traditional \u201csun &amp; beach\u201d holiday hotel with a massive all inclusive supply, based on a poor interior design with hardly any atmosphere, <\/span><b>has ceased to be the chosen path<\/b><span style=\"font-weight: 400;\"> for <\/span><b>those who wish to open a new hotel<\/b><span style=\"font-weight: 400;\">, especially in mature destinations with highly consolidated competitors.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Furthermore, pursuing this differentiation objective, hotel refurbishments are no longer just a <\/span><b>\u201cnecessary investment to maintain a hotel\u201d or simply a \u201cfacelift<\/b><span style=\"font-weight: 400;\">\u201d<\/span><span style=\"font-weight: 400;\">. T<\/span><span style=\"font-weight: 400;\">hey have become, in certain occasions,<\/span><b> a real work of art<\/b><span style=\"font-weight: 400;\"> worthy of architectural or design prizes. A refurbishment project has to be screened as an opportunity to stand out and improve the hotel\u2019s online reputation, not as an Odyssey of hardships and expenses.<\/span><\/p>\n<p style=\"text-align: justify;\"><b>Differentiation needs to be understood as one more strategy in the hotel industry<\/b><span style=\"font-weight: 400;\">, that in certain occasions <\/span><span style=\"font-weight: 400;\">will be convenient to use and in others not, meaning that it should be seen as a Utopia, since sometimes it could not turn out profitable or advantageous. As in many things in life, the more capital and effort is devoted to the investment in differentiation,\u00a0<\/span><span style=\"font-weight: 400;\">the greater <\/span><span style=\"font-weight: 400;\">will be the notoriety of what the asset can reach to differentiate; on the other side, if the aim is a minimal investment, changes won\u2019t always be perceived by clients.<\/span><\/p>\n<p>To open a hotel in a former prison, zoo, church or a bullfighting ring, or to build a hotel with materials like cork, salt or ice, are some of the most \u201cradical\u201d cases of differentiation, that in many cases, require a high investment and have a longer period of return on investment, given that in these cases hotels have a small number of rooms.<\/p>\n<p style=\"text-align: justify;\"><b>Yet it is not necessary to resort to these extremes to pursue the awaited differentiation. <\/b><span style=\"font-weight: 400;\">Some examples of <\/span><b>differentiation strategies<\/b><span style=\"font-weight: 400;\"> that allow a hotel to obtain <\/span><b>competitive advantages<\/b><span style=\"font-weight: 400;\"> with an \u201caffordable\u201d investment, are:<\/span><b> to specialize in a particular market segment, <\/b><span style=\"font-weight: 400;\">such as sport,<\/span><b> to decorate a hotel with an interior design <\/b><span style=\"font-weight: 400;\">as in an art gallery, to theme a hotel or include<\/span><b> new technologies in the most basic processes<\/b><span style=\"font-weight: 400;\"> of the hotel.<\/span><\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"font-weight: 400;\">To conclude, we should <\/span><span style=\"font-weight: 400;\">to <\/span><span style=\"font-weight: 400;\">ignore that <\/span><b>differentiation goes hand in hand with the increasing trend of personalizing services<\/b><span style=\"font-weight: 400;\">, with the aim to accomplish a more flexible product, more adapted to consumption patterns and the client\u2019s needs<\/span><span style=\"font-weight: 400;\">. T<\/span><span style=\"font-weight: 400;\">herefore, reach higher satisfaction levels. To this effect, and to find a suitable differentiation strategies for each type of hotel, the true paradigm of differentiation <\/span><span style=\"font-weight: 400;\">lays<\/span><span style=\"font-weight: 400;\"> in knowing your clients tastes and preferences in order to satisfy them to the fullest.<\/span><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p style=\"text-align: justify;\"><em>Differentiation has become a new strategy within the hotel industry to obtain higher profits and a competitive advantage. the hotel factory outlines how to recognize if differentiation is right for your company.<\/em><\/p>\n<p style=\"text-align: justify;\">For a hotel to be just a place to sleep is no longer what clients are looking for.<\/p>\n<p>[&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":6436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[560,562,601,602,634,564,582,565,624],"class_list":["post-2904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-consultancy-en","tag-differentiation-en","tag-hotel-consultancy-en","tag-hotel-consulting-en","tag-hotel-reputation-en","tag-positioning-strategies","tag-repositioning-en","tag-segmentation-en","tag-tourism-consultancy-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Making a difference, method for obtaining a higher profitability | The Hotel Factory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thehotelfactory.com\/en\/making-a-difference-method-for-obtaining-a-higher-profitability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Making a difference, method for obtaining a higher profitability | The Hotel Factory\" \/>\n<meta property=\"og:description\" content=\"Differentiation has become a new strategy within the hotel industry to obtain higher profits and a competitive advantage. the hotel factory outlines how to recognize if differentiation is right for your company. 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