"Business Mix" refers to the composition of a hotel's clientele across different market segments, such as corporate travelers, leisure tourists, group bookings, and long-term stays. It encompasses the variety and proportion of guests from each segment, which hotels analyze to optimize revenue strategies and tailor services accordingly. chatlyn's analytics tools provide insights into business mix trends, enabling hotels to make data-driven decisions to maximize profitability and guest satisfaction.
What is business mix in the hospitality industry?
Business mix refers to the distribution of guests across various market segments, including corporate, leisure, group, and extended-stay travelers. It helps hotels understand their customer base and tailor their services and marketing strategies accordingly.
How do hotels determine their business mix?
Hotels determine their business mix by analyzing booking data, guest demographics, and market trends. They may use tools such as revenue management systems and guest analytics to track and evaluate the composition of their guest segments over time.