A reply to the previous post. Another perspective, but still going at the same things, at least that’s what I think… put this 2 post together, and then put them into the context of wedding photography… and go… hmmm… I can’t wait for next year.HOW TO BE A TOP TOURIST DRAW—————————-
Premium pricing not the point, target market is Work on S'pore's cultural
image to attract top dollar
Letter from tony tan
Letter from erik wilgenhof plante
I refer to the News Comment, “Time to stop being cheap and good” by
Vincent Chia (Dec 14). He said that “We are not cheap as compared to China
and India … So, we should stop trying to be cheap.” He went on to give
examples of hotel room rates, and asked if we want to continue to be
“stuck in the middle?”.
In the context of manufacturing, it's true that the unit cost of
production in India and China is very much lower than it is in
Singapore.
However, in the context of the hotel industry, the room rates in Beijing
and New Delhi are much higher than those in Singapore, at least for the
foreign business traveller.
Genting International's Lim Kok Thay recently said that Genting's hotel
room rates had to be set at a low enough rate to attract the locals to
visit its resort. Otherwise, they would not go.
We must ask ourselves where our target market is. If the objective is to
increase the number of tourists visiting Singapore, the question then is
whether we will achieve this by creating a “premium” pricing as Mr Chia
has suggested.
I believe the hotel market will have to continue to be segmented, with the
five- and six- star hotels offering the premium luxury brand, three- and
four-star hotels offering the affordable mass market segment and, of
course, the budget hotels for the no-frills travellers. This is far from
being “stuck in the middle”.
In his article, Mr Chia made the point that a company – and Singapore, by
and large – needs to be either a cost leader or a cost differentiator,
rather than be “stuck in the middle”, as it will end up poorer for it.
With this, he made a classical marketing error that many companies
still make. Instead of starting with what the customer – be it Singapore
residents or visitors – wants, he immediately jumps to the finished
product and its price.
In my opinion, Singapore should be asking itself if it wants to be a
cheap and relatively good holiday stay or a premium destination with
resort type facilities. Does it want to give the best facilities to its
citizens or does it want to put its wealth into yet another bland shopping
mall or an amusement park?
In comparing Singapore with world renowned cities like London and
Paris, one should be reminded that these cities are much more than places
to live, work and shop. If Singapore really wants to command top price for
its hotel beds, it needs to work on its cultural image.
In The Netherlands, the city of Groningen – where I grew up in –
had the challenge of attracting tourists, even though it's far from the
standard tourist trail.
It answered this challenge by building a world-class modern art
museum, making the inner city car free and attracting shops that are
“different” from the standard mall type outlets. At the same time, it
attracted businesses like biotech and IT to settle down on the outskirts
of town. Couple this with a charming centuries-old city centre and you
have a tourist magnet.
To be like London, Paris and even New York, Singapore needs so much
more than integrated resorts, spruced up streets and luxury hotels. Find
out what kind of people you want to attract before offering them what they
want. The price becomes irrelevant after that.
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