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Social Networking
Cornell roundtable focuses on marketing challenge of social media
Tuesday, June 10, 2008
Hospitality marketers must rise to the challenge of determining how to use web-based social media to support marketing objectives, according to participants in the fourth annual Marketing Roundtable. Chaired by Lisa Klein Pearo, a faculty member at the Cornell School of Hotel Administration, the roundtable explored the relatively uncharted marketing terrain created by social media.

“The overarching objective of the day was to generate new frameworks that could help marketing practitioners and academics evaluate the role of social media in marketing plans,” explained Pearo.

Professor Pearo started the day by briefly exploring how marketing academics teach social media. She noted that existing textbooks provide no guidance beyond trying to fit social media into rigid frameworks which divide communications by medium rather than by more embracing definitions which encompass communication methodology and objectives. Cindy Estis Green of The Estis Group then kicked off the thematic discussion of practitioner models by examining users and uses of social media. She offered essential definitions of social media and social networking, as well as examples of best practices from hospitality and non-hospitality organizations.

Participants agreed that the critical challenge for marketers is to find ways to encourage consumer involvement in and excitement for collaboration with the organization and with other customers. This is particularly difficult, because the customers define the nature of the interaction. As Tim Peter of Leading Interactive Reservations explained, “ ‘Social’ must be defined by ‘people’ and engagement with customers is the key.

Hotel chains are still seeking the way to make the “big hit.” As Susan Thronson of Marriott International pointed out, Marriott has delved into social media, but this remains a relatively small investment at the moment, until the firm identifies the best way to engage this new tool. Marriott International is a partner of the Cornell Center for Research, which hosts the roundtable. Partners’ representatives have a seat at all of the center’s roundtables.
Theodore Koumelis - Tuesday, June 10, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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