IMPROVING CUSTOMER RELATIONSHIP MANAGEMENT IN HOTEL INDUSTRY BY DATA MINING TECHNIQUES Cover Image

Ameliorarea managementului relatiilor cu clientii in industria hoteliera prin tehnici de data mining
IMPROVING CUSTOMER RELATIONSHIP MANAGEMENT IN HOTEL INDUSTRY BY DATA MINING TECHNIQUES

Author(s): Mirela Danubianu, Valentin Cristian Hapenciuc
Subject(s): Economy
Published by: Editura Universitaria Craiova
Keywords: CRM; data mining hotel industry

Summary/Abstract: It’s a fact that a successful company not only put customers first, but put customers at the center of the organization because the changes in customer behavior determines unpredictable profitability and may be the cause for inefficient marketing planning. The main goal of CRM is the capability to handle customer interaction across different channels and functions, for building loyal and profitable customer relationships. Although cost cutting and competitive pricing strategies may attract customers from competitors, in many services industries price advantages are not a sufficient reason for customers moving between suppliers. In these situations successful competitive strategies include developing strong relationships with customers and cross-selling them other services. Data mining - techniques for exploration and analysis of large quantities of data in order to discover meaningful patterns and rules - helps businesses sift through layers of seemingly unrelated data for meaningful relationships, where they can anticipate, rather than simply react to, customer needs.

  • Issue Year: XXXVI/2008
  • Issue No: 7
  • Page Range: 3261-3268
  • Page Count: 8
  • Language: English