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The Market Metrix Hospitality Index©
As the largest and most in-depth measure of
hotel, car rental and airline performance available today, the Market
Metrix Hospitality Index (MMHI) has become a touchstone for the
hospitality industry. Based on 35,000 customer interviews conducted
each quarter, the index has unprecedented breadth and depth.
Industry results are compiled into quarterly reports,
which are available for purchase. Subscribers can measure their
company's stand-alone performance and dynamically benchmark their
ratings against those of competitors and highly ranked companies
within and across other hospitality industries.
MMHI© includes:
1) 35,000 NEW customer interviews per quarter.
In-depth surveys are conducted online and via telephone to gather
information about customers' recent hotel, car rental and/or airline
experiences.
2) Quarterly results for customer satisfaction,
Loyalty Emotions©, pricing analysis and demographic
detail by brand, industry segment and each industry as a whole.
Companies that provide selected emotional experiences for their customers
(Loyalty Emotions) obtain higher rates and can increase prices with
fewer objections (price elasticity).
3) Innovative metrics provide new insights
into consumer attitudes and behavior.
For example, "Loyalty Program Strength" indicates the relative success
of a brand's loyalty program compared to other programs in the industry.
4) Quarterly Results for all major
hotel brands, airlines, and car rental companies.
From this wealth of information, we can identify
hotel, car rental, and airline industry trends, find best practices
and benchmark comparison metrics.
5) A powerful consumer segmentation model that
allows you to better understand your client base.
Market Metrix developed this new approach that splits each industry
into distinct customer groups based on geo-demographic, behavioral
and attitudinal dimensions.
6) Flexible reporting platform that
allows you to select your own competitor benchmark group.
Compare your company's customer satisfaction and other performance
metrics with same-time performance results of other leading companies
in your industry to see how you rank.
Market Metrix Hospitality Index is Intelligence
You Can Use
By answering the following essential questions, MMHI
can help you build the kind of loyal, profitable customer base that
makes great organizations and impressive bottom lines.
- How does your company’s performance compare
to your competitors from the customer perspective?
- Is your company meeting customer expectations?
- Do you need to invest more in customer service
and retention?
- Have you created an emotional connection
with your customers? Versus competitors?
- How much more would your customers pay before
switching to competitors?
- How can you segment your customers to identify
the most effective marketing, media and product strategies?
As the most rigorous research program available, the Market Metrix
Hospitality Index is a powerful source of information for hospitality
industry executives and their teams.
Learn
more >>
Subscribe
to the Trends and Ideas Quarterly Newsletter >>
Please review some of our latest thinking on
Market Metrix Hospitality Index.
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Hotel & Motel Management
The emotions a guest feels during a hotel stay are critical
components of satisfaction and loyalty. How guests feel about
a product or service-their underlying motivations-affect what
they will or won't buy. Through our analysis of the emotions
experienced by hotel guests, we've discovered differences among
certain types of guests.
Read
article >> |
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Cornell University Hotel, Restaurant
& Travel Administration Quarterly
Hotel customers’ emotions can cement their loyalty to
your operation, but those emotions are
slightly different for each hotel segment.
Read
article >> |
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