News for the Hospitality Executive |
Peninsula Hotels
Rated #1 in Guest Satisfaction For Q3 2011
Price Sensitivity of
Guests on the Rise, Especially for Casinos and Luxury Hotels -- Market Metrix
Announces Third Quarter 2011 Hospitality Index Results -- LARKSPUR, Calif. – November 22, 2011 – Guest satisfaction with hotels remained steady in the third quarter of 2011 (-0.05 to 84.5). Peninsula Hotels posted the top customer satisfaction score among hotel brands. The largest gains occurred among casinos (+0.2 to 83.5) while Luxury hotels posted the biggest decline (-0.2 to 89.2) compared to the previous quarter. Guests are becoming more price sensitive, perhaps in response to recent rate increases and the weak economy. Price sensitivity is measured by tracking guests' willingness to pay more before switching brands. In 2009 the average hotel guest was willing to pay 20% ($12.38) more per night before switching to another hotel. In 2011 that number has declined to 18%. This decline has been more severe among casino (-10% to 30%) and luxury hotel guests (-5% to 18%). Only upscale hotel guests have become less price sensitive since 2009. Customers who are satisfied with their hotel stay show a larger price tolerance and are willing to pay more compared to other customers. But with customer satisfaction remaining flat, increased price sensitivity can negatively impact occupancy and average daily rate. Performance across the Hotel Industry Luxury hotels received the highest satisfaction scores (-0.2 to 89.2) led by Peninsula Hotels (98.9). Sofitel Hotels also showed marked improvement compared to the prior quarter (+1.7 to 89.9). Timeshares ranked second (86.7) with Disney Vacation Club retaining the top spot despite slightly lower scores (-0.1 to 88.0). Affinia Hotels led the Upper Upscale hotel segment (-1.0 to 93.8) with Le Meridian posting the biggest gain (+1.1 to 87.5). Among Casinos, customer satisfaction improved (+0.2 to 83.5) with South Point Hotel Casino Spa (88.4) taking first place. In this segment Rio (+1.6 to 84.8) showed the biggest improvement compared with last quarter. Upscale Casinos were down slightly (-0.22 to 84.5) with Wynn Las Vegas (-0.5 to 89.8) receiving the highest evaluations from guests. Las Vegas Hilton (+1.8 to 82.0) posted the biggest gain compared to last quarter.
Results for international brands may vary from that of local and regional travelers. About MMHI About Market Metrix Market Metrix provides the leading guest and employee feedback systems to the worldwide gaming and hospitality industry. The company combines award–winning research and powerful technology to help clients make the right business decisions based on their objectives. In addition to CustomerMetrix, Market Metrix assists in employee retention and targeted training using EmployeeMetrix™, as well as the management of Social Media, using ReviewMetrix™. Its Software–as–a–Service (SaaS) products are used by more hospitality companies than any other, supporting thousands of hospitality businesses in 70+ countries. Market Metrix has been helping hospitality companies turn feedback into performance since 1996. For more information, visit www.marketmetrix.com. |
Contact:
Michael
Pharis Market Metrix [email protected] 415-721.1300 x315 |
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