Redefining Guest Experience (GX) in Hospitality. Mentor, Facilitator, Curator of Experiences, Teambuilder & Detail Lover
Would you pay $100,000 for one night in a hotel? Asking $100k for a one-night stay might seem excessive to most people. But what do you define as reasonable? If we started thinking of currency not just as money but as experiences and memories, we create a paradigm shift. Knowing this is particularly important to anyone who is in the service industry. If you push boundaries and replace the standard with something unique, you can most certainly ask for a higher price. This is true for a hotel room just as much as it is for a restaurant meal. When you deliver an experience and create a memory through personal touch, your guests will be happy to pay that little bit extra... So, would you spend $100k for this experience and more importantly, would you make use of the Louis Vuitton Ping-Pong table at The Royal Mansion? Let me know... #currency #experiences #memories #paradigmshift #louisvuittonpingpong
Brad Rowe
7mo
The price isn't just for what you experience on the day either, it's also for the story you get to tell + a lifetime of memories 👍
Company Director, Creative Practitioner
7moIf I was mega-wealthy, sure! Why not! $100k to a billionaire is such a low amount of money. Sometimes the higher the price, the more appealing it becomes to people who do not have to worry about money. $100k probably gets you the things you really seek when you hit the big time (things like privacy and a hotel room that is equal in style and amenities to what you experience at home and at the holiday homes) so yep; it's worth it if you see it through that lens. Although, sometimes the mid-level wealthy are more willing to spend more than the upper tiers. Comes down to knowing your audience and making sure you cater to them.