When building new properties, hoteliers will determine their target market, position their brand, and create an amenity list for their guests which may include a fitness center, pool area, retail shopping outlets, and so forth. Though it is a standard practice for most hotels to offer a fitness center and pools, many hotels put little thoughts on retail stores and gift shops, ultimately resulting in a poor product offering or an outlet that doesn’t match the hotel’s image. Superior retail outlets are often a main differentiator between luxury, full service, and economy properties. Luxury properties tend to have multiple retail outlets with a variety of product offerings, while full service properties tend to have a decent size gift shop with local souvenirs, and economy properties typically offering solely a small grab-n-go food center. Looking into retail as an additional revenue center is a great option for properties of any caliber. The question is, how far is your prop...
Hospitality/Tourism Management | Service Marketing | Information Technology