Artwork

محتوای ارائه شده توسط Spark Partners, Adam Hartung, and Manny Teran. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Spark Partners, Adam Hartung, and Manny Teran یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
Player FM - برنامه پادکست
با برنامه Player FM !

Post-Pandemic: Separating Trends from Promotions

33:16
 
اشتراک گذاری
 

Manage episode 313028149 series 3257207
محتوای ارائه شده توسط Spark Partners, Adam Hartung, and Manny Teran. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Spark Partners, Adam Hartung, and Manny Teran یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

As the pandemic ends, there is enormous pressure to "re-open." This phrase is mostly used to describe the hospitality industry, which was devastated by the lockdown and restrictive behavioral requirements of COVID-19. Millions of jobs were lost, airlines placed in jeopardy, hotels and restaurants failed, and prices have risen while services have fallen. Many are asking, what's the new trend?

This podcast explains how to separate demand-based trends from supply-based promotions. To do this, we must go back before the pandemic to look at trends in hospitality. The market exploded in the late 1990s as more and more people were enjoying low cost experiences. There was clearly a trend of demand growth for hospitality services. But as we moved into the 2010s it became clear this growth was unsustainable, based upon below-market prices as providers were not recovering full cost. Cracks were developing as customer satisfaction was declining, and demand for better services and better experiences were increasing. The trend was shifting toward a need for more sustainable business models as customer complaints rose, employees were displaying enormous dissatisfaction, asset rents were rising, and returns to investors were shrinking - even disappearing.

The industry pressure today is from a supply side desire to utilize existing capacity. But that is not a trend. That is supply hoping to create demand. And struggling, as customers, employees, landlords and investors are unwilling to live with old, unsustainable products, services and pricing. Trends are based on demand, and that is driven by customers, not supply. "Say's Law" that "supply creates its own demand is invalid. Post-pandemic the trend will be toward better experiences, involving automation and AI implementations to improve productivity, changes in the business model to support higher pay and better working conditions, and improved returns. Only those companies who respond to Trends will survive post-pandemic, because merely promoting supply availability is not a trend.

Key Points:

  • If you expect marketplaces to "return to normal" post-pandemic, you will fail
  • Trends are based on consumer demand, not availability of supply. Just because you have capacity doesn't mean you'll survive
  • Sustainable business models provide adequate returns to employees, communities, suppliers and investors as well as high customer satisfaction
  • Cracks in many business models were apparent pre-pandemic. COVID merely accelerated trends exposing these unsustainable business models.
  continue reading

169 قسمت

Artwork
iconاشتراک گذاری
 
Manage episode 313028149 series 3257207
محتوای ارائه شده توسط Spark Partners, Adam Hartung, and Manny Teran. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Spark Partners, Adam Hartung, and Manny Teran یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

As the pandemic ends, there is enormous pressure to "re-open." This phrase is mostly used to describe the hospitality industry, which was devastated by the lockdown and restrictive behavioral requirements of COVID-19. Millions of jobs were lost, airlines placed in jeopardy, hotels and restaurants failed, and prices have risen while services have fallen. Many are asking, what's the new trend?

This podcast explains how to separate demand-based trends from supply-based promotions. To do this, we must go back before the pandemic to look at trends in hospitality. The market exploded in the late 1990s as more and more people were enjoying low cost experiences. There was clearly a trend of demand growth for hospitality services. But as we moved into the 2010s it became clear this growth was unsustainable, based upon below-market prices as providers were not recovering full cost. Cracks were developing as customer satisfaction was declining, and demand for better services and better experiences were increasing. The trend was shifting toward a need for more sustainable business models as customer complaints rose, employees were displaying enormous dissatisfaction, asset rents were rising, and returns to investors were shrinking - even disappearing.

The industry pressure today is from a supply side desire to utilize existing capacity. But that is not a trend. That is supply hoping to create demand. And struggling, as customers, employees, landlords and investors are unwilling to live with old, unsustainable products, services and pricing. Trends are based on demand, and that is driven by customers, not supply. "Say's Law" that "supply creates its own demand is invalid. Post-pandemic the trend will be toward better experiences, involving automation and AI implementations to improve productivity, changes in the business model to support higher pay and better working conditions, and improved returns. Only those companies who respond to Trends will survive post-pandemic, because merely promoting supply availability is not a trend.

Key Points:

  • If you expect marketplaces to "return to normal" post-pandemic, you will fail
  • Trends are based on consumer demand, not availability of supply. Just because you have capacity doesn't mean you'll survive
  • Sustainable business models provide adequate returns to employees, communities, suppliers and investors as well as high customer satisfaction
  • Cracks in many business models were apparent pre-pandemic. COVID merely accelerated trends exposing these unsustainable business models.
  continue reading

169 قسمت

همه قسمت ها

×
 
Loading …

به Player FM خوش آمدید!

Player FM در سراسر وب را برای یافتن پادکست های با کیفیت اسکن می کند تا همین الان لذت ببرید. این بهترین برنامه ی پادکست است که در اندروید، آیفون و وب کار می کند. ثبت نام کنید تا اشتراک های شما در بین دستگاه های مختلف همگام سازی شود.

 

راهنمای مرجع سریع