That decline is larger than the multichannel retailer’s overall 5.8% sales decline.
The joint venture will launch a product suite for the hospitality industry, integrating Social Guest Satisfaction and revenue performance.
NASHVILLE, Tennessee and WASHINGTON, D.C. — STR named newBrandAnalytics as its social media analytics partner this week. The joint venture will launch a product suite for the hospitality industry, integrating Social Guest Satisfaction™ and revenue performance. STR, the recognized leader for hotel industry benchmarking and research, has actively researched the social media space with the goal of providing the hotel industry with meaningful, actionable performance metrics based on online guest feedback, comments and reviews. STR has now identified newBrandAnalytics as the best‐in-class social business intelligence provider to expand its traditional offerings.
“After weighing pros and cons of the market’s social media intelligence providers, STR has found newBrandAnalytics to be an ideal social analytics partner,” said Amanda Hite, president of STR. “While the importance and bottom-line value of social media guest feedback is clearly understood by the hotel industry, very few companies have determined how to effectively and efficiently glean actionable insight from reams of online data. The newBrandAnalytics platform offers a unique way to do this. It is undoubtedly one of the most exciting innovations in guest satisfaction we have seen in this space.”
Tailored to the hospitality industry, newBrandAnaltyics’ flagship product, Social Guest Satisfaction™, harvests credible guest feedback from an array of social media sites and synthesizes it into rich, location-level customer insight. After collecting the feedback, the newBrandAnalytics patent-pending algorithms analyze, interpret, categorize and qualify each customer mention in order to pinpoint urgent issues and anomalies and generate comprehensive performance metrics, comp set benchmarks and opportunities for growth.
“We see the social web as a giant survey. Our goal is to harness and enable this powerful, top-of-mind customer feedback and make it accessible so a hotel manager, revenue manager or department head can, in real time, understand performance trends – including the verbatim customer comments – configured to the most important service factors for their hotel or their part of the business,” said Neil Kataria, co-founder of newBrandAnalytics. “Our Social Guest Satisfaction™ report card format is already in use at thousands of hotels, restaurants, spas and retailers. It’s intuitive and puts the information where the operating manager needs it. We believe STR's extensive knowledge in the hotel industry coupled with our robust social media reporting will create a suite of products that will reshape the way the hotel industry views guest satisfaction data."
For more information on newBrandAnalytics social business intelligence solutions, please email firstname.lastname@example.org.
For more information about STR and their suite of benchmarking reports, please email email@example.com or call +1 (615) 824-8664 ext.3504.
STR provides clients - including hotel operators, developers, financiers, analysts and suppliers to the hotel industry - access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC Associates, STR Analytics, and HotelNewsNow.com. STR also founded the Hotel Data Conference.
newBrandAnalytics is the leading provider of social business intelligence solutions providing unmatched guest satisfaction, consumer intelligence, and competitive insight for the Hospitality, Restaurant, Leisure, and Retail industries. newBrandAnalytics’ flagship and enterprise grade product, Social Guest Satisfaction™, enables customer satisfaction-focused organizations to identify real time key insights from guest feedback. newBrandAnalytics insight has proven to yield operational improvement, enhanced marketing opportunities, and new strategic initiatives that drive increased revenue and guest count. Further information about newBrandAnalytics can be obtained at www.newbrandanalytics.com.