Predictors of active loyalty: The case of hotel group X

Detalhes bibliográficos
Autor(a) principal: Prada, Ana Vera Nascimento
Data de Publicação: 2021
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/23974
Resumo: Loyalty programs are now considered industry standards in the hotel sector. Such programs aim to encourage repeat purchases, attract new customers, reward loyal ones, increase retention rates and market share, and collect customer information. Nonetheless, simple participation in a loyalty program does not imply active loyalty. This in-company project seeks to identify Hotel Group X's active loyal customers and provide the company with insights into who these guests are today and who may become one in the future, allowing them to design appropriate marketing strategies. The CRISP-DM methodology was employed in this study, and its data mining goals were to uncover the most important predictors of reward redemptions, which translate into active loyalty. Two predictive models were used in this study – C&RT and Logistic Regression. According to the C&RT model, reservations made on the company's website are the best predictor of reward redemptions, followed by stays in the Algarve region and city hotels. The Logistic Regression model suggests that there is a significant predictive power for the corporate customers, followed by all the direct booking channels. Our results can help enhance the practical direction for hotel managers who deal with vast volumes of data that can be further integrated into the model built in this study to generate novel insights on consumers.
id RCAP_c387b21a9d98250028fa71fc13444b0c
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/23974
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Predictors of active loyalty: The case of hotel group XHospitality industryActive loyaltyLoyalty programsCRM Customer Relationship Management --CRISP-DMBig dataC&RTRegressão logística -- Logistic regressionIndústria hoteleiraLealdade ativaProgramas de fidelizaçãoLoyalty programs are now considered industry standards in the hotel sector. Such programs aim to encourage repeat purchases, attract new customers, reward loyal ones, increase retention rates and market share, and collect customer information. Nonetheless, simple participation in a loyalty program does not imply active loyalty. This in-company project seeks to identify Hotel Group X's active loyal customers and provide the company with insights into who these guests are today and who may become one in the future, allowing them to design appropriate marketing strategies. The CRISP-DM methodology was employed in this study, and its data mining goals were to uncover the most important predictors of reward redemptions, which translate into active loyalty. Two predictive models were used in this study – C&RT and Logistic Regression. According to the C&RT model, reservations made on the company's website are the best predictor of reward redemptions, followed by stays in the Algarve region and city hotels. The Logistic Regression model suggests that there is a significant predictive power for the corporate customers, followed by all the direct booking channels. Our results can help enhance the practical direction for hotel managers who deal with vast volumes of data that can be further integrated into the model built in this study to generate novel insights on consumers.Os programas de fidelização são, atualmente, considerados padrões da indústria no sector hoteleiro. Tais programas visam encorajar compras recorrentes, recompensar clientes fiéis, assim como atrair novos, aumentar as taxas de retenção e a quota de mercado, e melhorar a recolha de informação sobre os clientes. No entanto, a simples participação num programa de fidelização não implica uma lealdade ativa. Este projeto in-company procura identificar os clientes leais ativos do Grupo Hoteleiro X, fornecendo à empresa informações sobre quem são agora esses hóspedes e quais poderão vir a sê-lo no futuro, permitindo-lhes conceber estratégias de marketing apropriadas. Neste estudo foi utilizada a metodologia CRISP-DM com o principal objetivo de descobrir as variáveis que mais influenciam a troca de pontos por recompensas, e que, por sua vez, se traduzem em lealdade ativa. Foram utilizados dois modelos: C&RT e a Regressão Logística. De acordo com os resultados do C&RT, as reservas feitas no website da empresa são as preditoras mais importantes de recompensas redimidas, seguidos de estadias na região do Algarve e estadias em hotéis urbanos. Já no modelo de Regressão Logística foi possível concluir que os clientes corporate são muito significativos nesta previsão. Para além disso, pudemos concluir que todos os canais diretos de marcação de estadias são, também, preditores. Os nossos resultados podem, assim, ajudar a melhorar a direção prática da empresa, que lida com um grande volume de dados, podendo estes serem eventualmente integrados nos modelos construídos neste estudo, de forma a gerar novos conhecimentos sobre os consumidores.2022-01-10T13:21:36Z2021-12-06T00:00:00Z2021-12-062021-11info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10071/23974TID:202829529engPrada, Ana Vera Nascimentoinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:53:12Zoai:repositorio.iscte-iul.pt:10071/23974Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:26:39.328758Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Predictors of active loyalty: The case of hotel group X
title Predictors of active loyalty: The case of hotel group X
spellingShingle Predictors of active loyalty: The case of hotel group X
Prada, Ana Vera Nascimento
Hospitality industry
Active loyalty
Loyalty programs
CRM Customer Relationship Management --
CRISP-DM
Big data
C&RT
Regressão logística -- Logistic regression
Indústria hoteleira
Lealdade ativa
Programas de fidelização
title_short Predictors of active loyalty: The case of hotel group X
title_full Predictors of active loyalty: The case of hotel group X
title_fullStr Predictors of active loyalty: The case of hotel group X
title_full_unstemmed Predictors of active loyalty: The case of hotel group X
title_sort Predictors of active loyalty: The case of hotel group X
author Prada, Ana Vera Nascimento
author_facet Prada, Ana Vera Nascimento
author_role author
dc.contributor.author.fl_str_mv Prada, Ana Vera Nascimento
dc.subject.por.fl_str_mv Hospitality industry
Active loyalty
Loyalty programs
CRM Customer Relationship Management --
CRISP-DM
Big data
C&RT
Regressão logística -- Logistic regression
Indústria hoteleira
Lealdade ativa
Programas de fidelização
topic Hospitality industry
Active loyalty
Loyalty programs
CRM Customer Relationship Management --
CRISP-DM
Big data
C&RT
Regressão logística -- Logistic regression
Indústria hoteleira
Lealdade ativa
Programas de fidelização
description Loyalty programs are now considered industry standards in the hotel sector. Such programs aim to encourage repeat purchases, attract new customers, reward loyal ones, increase retention rates and market share, and collect customer information. Nonetheless, simple participation in a loyalty program does not imply active loyalty. This in-company project seeks to identify Hotel Group X's active loyal customers and provide the company with insights into who these guests are today and who may become one in the future, allowing them to design appropriate marketing strategies. The CRISP-DM methodology was employed in this study, and its data mining goals were to uncover the most important predictors of reward redemptions, which translate into active loyalty. Two predictive models were used in this study – C&RT and Logistic Regression. According to the C&RT model, reservations made on the company's website are the best predictor of reward redemptions, followed by stays in the Algarve region and city hotels. The Logistic Regression model suggests that there is a significant predictive power for the corporate customers, followed by all the direct booking channels. Our results can help enhance the practical direction for hotel managers who deal with vast volumes of data that can be further integrated into the model built in this study to generate novel insights on consumers.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-06T00:00:00Z
2021-12-06
2021-11
2022-01-10T13:21:36Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/23974
TID:202829529
url http://hdl.handle.net/10071/23974
identifier_str_mv TID:202829529
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799134829528219648