Editorial Board   Guest Author

Mr. Hepditch

Duane Hepditch

President & CEO, Guestfolio

Duane Hepditch is an innovator within the hospitality software industry. Seeing a void in the guest service transaction, Mr. Hepditch co-founded Guestfolio, the "world's leading hotel CRM” recognized by the World Travel Awards in 2014. His company is growing rapidly throughout North America, Europe and Asia and has the privilege to work with hotels such as Four Seasons Hotels & Resorts, Shangri-La Hotels & Resorts, Brownsword Hotels, Six Senses Resorts & Spas and many other unique boutique and resort properties around the world. Mr. Hepditch's passion for travel and guest service motivated him to co-found Guestfolio in 2008 and in turn reach his goal to provide solutions for hoteliers so they may better service and learn from their guests throughout the travel journey. Guestfolio is a hotel marketing platform that drives guest engagement, retention and conversion throughout the travel journey. Mr. Hepditch's mission for Guestfolio is to personalize the travel experience for guests and provide insights and tools that build lasting brand loyalty for his customers. By working with hotels world-wide Guestfolio is able to capture valuable data on guest behaviour and trends and leverage that for his customers in ways they never thought were possible. Mr. Hepditch resides in Whistler British Columbia, Canada. He is the Chair of Whistler.com, a subsidiary of Tourism Whistler and was a board member of Tourism Whistler for 4 years. Whistler is one of the leading resort destinations of the world and was home of the 2010 Olympic Winter Games. His role at Tourism Whistler was to represent the commercial group of companies within the resort and provide input on global advertising and marketing initiatives. Mr. Hepditch is passionate for business dialogue and small business incubation. He has owned and sold 2 internet related companies since 2000.

Mr. Hepditch can be contacted at 604-932-2510 or duane@guestfolio.com

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.