What is the meaning / definition of in the hospitality industry?

Known as Business to Consumer/ Customer is a term that refers to the sale of products or services to individual customers and/or guests to create a profit. is the most common way that hotel sales are made, which is why it is important to target this demographic when advertising and promoting a hotel.

consumers are independent and/or leisure guests and are more likely to for longer periods of time, spend more on extra services and pay for room upgrades. More B2C consumers also book rack rates than B2B guests, and do not require a corporate or business discount. Business to Customers guests do not have extra negotiated terms when staying at a hotel like a B2B hotel guest contract. These guest’s finical transactions are easier and done swiftly upon check out, where in B2B, the payments may come at the end of the year or month after multiple people, booked through the business, have left.

On the other hand, guests are not always guaranteed, while B2B hotel contracts are. To attach B2B guests, higher budgets might be required to generate sales and leads for a hotel. B2B are more product driven and require more energy for a single sale.

See also:

  • B2B

Synonyms

Categories:

Comments are closed