For any raw product to reach the consumer be it a good or a service, it has to undergo a sequence of steps involving people, organizations, resources and information exchange. These steps contribute directly to the quality and the impact of the good or service. At each step money changes hands, a reduction in the set price at any stage is known as a discount. In hotels we focus on the final stage where the consumer is the recipient and even here hotel discounts happen.
An establishment offering lodging, guest services and meals is referred to as a hotel, but to fully attain this name, the establishment in question must contain a minimum of six letting bedrooms. At least half of this should come with private bathroom facilities. It should also have a restaurant section for food and this automatically is accompanied by a kitchen. For this reason the industry offers both goods and services directly to the consumer.
It can offer discounts for any number of reasons, this is because it offers both goods and services and they have a different impact to the consumer. One of these reasons is to clear out of date stock. Since a hotel sells food to people, they buy most of the ingredients in bulk and at one point the things in the store might go bad. To avoid this, the management issues a discount. This will channel in more traffic and thus the stock will be cleared instead of incurring heavy losses.
It may offer discounts to introduce a new product they just launched it may be a new dish or a swimming pool or new accommodation. This means that many people will get to try it and give Valuable feedback. This will also cause more and more people to come in since many people are talking about it.
They may want to reward their valuable customers, remember that this are people who mean most to the establishment the management would not like to lose this group of people. They contribute directly to the returns made by the hotel. This discounts come in different ways, they may even be tailored to suit this group of people specifically.
One that just opened in a new area may offer discounts to lure customers this is a very common practice in this industry done by not only hotels but also new businesses. It takes advantage of the nature of human beings to go for the cheaper option in this case of a new business, the management decides what kind of discount shall be imposed and for what amount of time. They do this in the aim of getting customers in their new space.
When introducing a new management, a hotel might offer a price cut to their customers to mark this transition. It is a sign of good faith from the incoming management and they do this to give themselves a head start and gauge their ability to maintain customers.
In the festive seasons, the hospitality industry is usually blooming since every human being wants to go for holiday. The competition becomes very steep and hotels have to come up with well thought through discounts to be able to have a share of this pie. Discounts in business have always been there and they will continue becoming popular this is because human beings are easily swayed towards the cheap.
An establishment offering lodging, guest services and meals is referred to as a hotel, but to fully attain this name, the establishment in question must contain a minimum of six letting bedrooms. At least half of this should come with private bathroom facilities. It should also have a restaurant section for food and this automatically is accompanied by a kitchen. For this reason the industry offers both goods and services directly to the consumer.
It can offer discounts for any number of reasons, this is because it offers both goods and services and they have a different impact to the consumer. One of these reasons is to clear out of date stock. Since a hotel sells food to people, they buy most of the ingredients in bulk and at one point the things in the store might go bad. To avoid this, the management issues a discount. This will channel in more traffic and thus the stock will be cleared instead of incurring heavy losses.
It may offer discounts to introduce a new product they just launched it may be a new dish or a swimming pool or new accommodation. This means that many people will get to try it and give Valuable feedback. This will also cause more and more people to come in since many people are talking about it.
They may want to reward their valuable customers, remember that this are people who mean most to the establishment the management would not like to lose this group of people. They contribute directly to the returns made by the hotel. This discounts come in different ways, they may even be tailored to suit this group of people specifically.
One that just opened in a new area may offer discounts to lure customers this is a very common practice in this industry done by not only hotels but also new businesses. It takes advantage of the nature of human beings to go for the cheaper option in this case of a new business, the management decides what kind of discount shall be imposed and for what amount of time. They do this in the aim of getting customers in their new space.
When introducing a new management, a hotel might offer a price cut to their customers to mark this transition. It is a sign of good faith from the incoming management and they do this to give themselves a head start and gauge their ability to maintain customers.
In the festive seasons, the hospitality industry is usually blooming since every human being wants to go for holiday. The competition becomes very steep and hotels have to come up with well thought through discounts to be able to have a share of this pie. Discounts in business have always been there and they will continue becoming popular this is because human beings are easily swayed towards the cheap.
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