As a hotel owner or manager, you are aware that providing an excellent guest experience is crucial to attracting repeat business and increasing revenues. Nowadays, customers typically first check a hotel’s rating and reviews before making a decision.
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As a hotel owner or manager, you are aware that providing an excellent guest experience is crucial to attracting repeat business and increasing revenues. Nowadays, customers typically first check a hotel’s rating and reviews before making a decision.
There have been several academic studies that have investigated the relationship between online ratings and occupancy rates or revenues for hotels. These studies have generally found that higher ratings on online platforms such as TripAdvisor or Expedia are associated with increased occupancy and revenue for hotels.
One study, published in the Journal of Travel Research, analyzed data from over 3,000 hotels in the United States and found that a one-star increase in rating on TripAdvisor was associated with an increase in revenue of approximately 11%. The study also found that a higher rating on TripAdvisor was associated with higher occupancy rates for hotels.
Another study, published in the Journal of Marketing, looked at the impact of online ratings on revenue for hotels in Europe. The study found that a one-star increase in rating on TripAdvisor was associated with an increase in revenue of approximately 8%. The study also found that higher ratings were associated with higher occupancy rates for hotels.
Here are a few ways that hotels can improve the guest experience to increase revenues:
However, it can be time-consuming to read and analyze reviews from guests in order to understand what works for them and what needs improvement. Sentimantle offers you a 24/7 Service Management system that can do this task and more. Schedule a demo to learn how Sentimantle can benefit your hotel: https://sentimantle.com/contact/