Posts Tagged ‘recession marketing’

Hotels: Recession Marketing and Power of PR

Friday, May 8th, 2009

My recent article on www.HotelExecutive.com explores the impact of marketing during a recession, and how fast-action public relations strategic plans help carry through hotels in a tough time.  While I keep reading news stories about hotels and their grim future, at least into 2010, I do think that there is a window of opportunity for properties to reinvent themselves and stay alive.

Of course, the question is… is it worth the trouble to spend more money to reinvent a hotel concept?   That’s a question for owners and investors.  But, it does make sense to invest in reshaping the overall perception of the hotel brand, regardless of size, type of property, location, or audience.  PR can assist greatly in re-branding and creating key messages that will tactically make a strong  impact through the downturn.  

My prediction is that once the hospitality industry reaches the tail end of this weak economic cycle, those who invested in PR as part of a strategic recession-driven marketing plan, will be ahead of most of their competition.

What should be the role of PR and IMC in this economy?

Thursday, February 26th, 2009

As a giant communications philosophy, IMC keeps evolving over the years. With the popularity and steep learning curve of clever social media versus traditional media relations campaigns, can PR still work well independently, or is it best practiced as part of an integrated marketing plan? With lower advertising budgets, and less exposure via paid communications, businesses have to become smarter with their marketing dollars. When planned well, PR offers better quality and longer term visibility than short term ad campaigns would for sure. But, in this economy, there’s a trend of businesses desperately trying out various components of IMC (advertising, marketing, social media, direct mail, interactive promotions, and PR) a little bit at a time, and spreading their dollars when they should be investing in what will work. That quickly turns very ineffective marketing into panic. You can’t just run 1 or 2 ads. You can’t just send out a press release without spending money to conduct follow-up. It’s therefore important to research each IMC option well and decide which vehicle will carry the message most effectively. Customize the best communications approach, and invest in it successfully. Thoughts anyone?