How to quiet the noise to hear your data speaking | with Bryson Koehler

Hotel Moment

In this special 100th episode, Bryson Koehler returns to the Hotel Moment podcast for a deep dive into the transformative power of data in hospitality. In this insightful conversation with host Karen Stephens, Revinate’s CEO draws on his extensive experience, including his pivotal role in Revinate’s growth and his leadership at IHG, to highlight how data is reshaping direct bookings and enhancing guest experiences.

Key topics covered include:

• The evolution of data-driven guest feedback and its impact on pricing strategies.
• The importance of Customer Data Platforms (CDPs) in unifying data for actionable outcomes.
• Overcoming industry challenges like rising costs and stagnant occupancy through direct booking strategies.
• Leveraging voice channels, AI, and machine learning to increase profitability and optimize guest interactions.
  

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Connect with Bryson Koehler here:

• LinkedIn
• Revinate

Connect with Karen here:

• LinkedIn
• Revinate

Follow the podcast here:

• LinkedIn

Episode Highlights:

[03:58] Data and Bryson’s beginnings at IHG - Bryson joins Karen on the podcast to discuss his own beginnings at Revinate and his time at IHG. Bryson emphasizes the critical role of data in the hospitality industry, particularly in improving guest experiences and driving profitability. He recalls that during his time at IHG, he was tasked with work on data-driven decision-making, integrating machine learning to enhance pricing models. He discusses how guest feedback can be used to adjust pricing strategies based on guest satisfaction and mentions that many hotels still struggle with disconnected data systems. The key, Bryson notes, is operationalizing data to create a 360-degree view of the guest, allowing hotels to personalize interactions and optimize marketing and pricing decisions in real time.

[10:00] The challenge of making direct bookings profitable - Bryson discusses Revinate's mission to become a direct bookings platform, emphasizing the importance of maximizing direct revenue for hotels. He argues that Revinate isn't just a software provider but a partner that helps hotels capture the right guests through direct channels. By leveraging rich data and advanced analytics, Revinate enables hotels to fill rooms at the right rate, reduce dependency on third-party booking platforms, and enhance guest profitability through upselling and personalized offers. Bryson sees this holistic approach as the future of hotel revenue management.

[18:16] The flywheel effect - Bryson talks about the "flywheel effect" created by Revinate’s platform, where each interaction with a guest—whether through email, voice, or messaging—feeds data back into the system, continuously refining guest profiles. This loop helps drive conversions higher by tailoring marketing and sales efforts based on previous guest behavior and preferences. He illustrates how reservation agents, for example, can access enriched guest profiles that provide valuable information about past stays and preferences, leading to better service and upselling opportunities.

Chapters:

00:00 - Intro

02:04 - Revinate’s early days

03:58 - The power of data

07:00 - From CRM to CDP

09:12 - Driving direct bookings and profitability

11:00 - Rising costs and growing challenges for owners

16:38 - The profitability puzzle

20:37 - Shifting from third-party reliance

23:17 - Future investments and new data capabilities

26:30 - New Revinate guest app

28:26 - Outro

Hotel Moment Podcast is handcrafted by our friends over at: fame.so
Previous guests incude: Lori Kiel of The Kessler Collection, Patrick Norton of Brittain Resorts & Hotels, Shawn Jereb of Montage International, Caryl Helsel CEOI of Dragonfly Strategists, Jason Pirock of Springboard Hospitality and many more.
Check out the three most downloaded episodes:

• Build intelligent operations and let data drive direct bookings | with Patrick Norton
• Modern and focused commercial strategy — what does it look like? | with Lori Kiel
• Approachable luxury without losing touch with guests | with Shawn Jereb