Running your business
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Selling weddings more profitably(10 February 2003 15:25)More than 50% of all non-church weddings in the UK now take place in a hotel. In England especially, the relaxation of the restrictions to allow weddings in a wider range of locations has been excellent news for hoteliers. And the news gets better. In 2000, the number of people getting married rose by 2%, the first increase in eight years. This upward trend is expected to continue at least until 2011, fuelled by a predicted 10-25% increase in marriages between those aged 30-59 who have never married before. So with positive news all round, what are you doing to either enter the market or manage your wedding sales more profitably? Here are some tips that you could implement. They do depend, though, on your own style of management, and won't suit all types of hotel. Article continues below
1. Maturity gives confidence 2. Value the business profitably Go back over your function diaries and calculate:
Look at the times of the year. Keep a denial chart. If you know you are turning wedding enquiries away for ten Saturdays a year, calculate the minimum spend you will accept for those days. For example, local weddings may not be as profitable as a party made up of guests coming from a long distance away or from abroad, where a greater number of bedrooms may be required for more than one night. 3. The bride's mother is your sales manager Offer her the special room rate. Through your own desktop publishing, present her with some cards she can send out to her guests saying: "I have arranged a special room rate..." They won't dare book the guesthouse down the road. And remember, the card or call comes back to you, so you can manage your own inventory. For Saturday weddings, add a Friday night offer. It is quite remarkable how hotels provide a Saturday night rate and fail to capitalise on Friday, leaving them with a "dead" night. Remember to sell the benefits. Talk about spending more time with old friends and family, less travel hassle on the Saturday, making more of the weekend. If the room is already booked by the wedding guest for the Saturday, offer Friday night at a greater discount as an incentive. Tackle the negatives, such as arriving late, by offering to prepare a late-night supper. 4. Opportunities from the second wedding market Second weddings do not necessarily take place on a Saturday, so you can win business on other days of the week. They tend to involve fewer but more mature people, fewer children, more friends than family. Perhaps little or no confetti to clear up! In short, they can be profitable, high-spend lunches or dinners involving people with a good personal disposable income. They may want to impress each other by their knowledge of your fine wines and ability to book the best rooms. by Stuart Harrison Source: Caterer & Hotelkeeper |
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