Hotel Customer Segmentation and Retention Strategy Based on CLV and Customer Loyalty
Yu Zhi Shi
Abstract
Yu Zhi Shi
Abstract
In order to allot hotel resources properly,make more profits and cultivate customer loyalty,hotels need to segment its customers.Based on Customer Lifetime Value and Customer Loyalty,a customer segmentation model has arisen.As to manage hotel customers effectively,we propose different marketing strategy according to customers on different segmentation levels.
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In order to allot hotel resources properly,make more profits and cultivate customer loyalty,hotels need to segment its customers.Based on Customer Lifetime Value and Customer Loyalty,a customer segmentation model has arisen.As to manage hotel customers effectively,we propose different marketing strategy according to customers on different segmentation levels.
Key concepts: Business, Marketing, Loyalty business model, Customer retention, Customer advocacy, Market segmentation, Customer lifetime value, Customer equity