Retention market penetration profitability and effi

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Market share is one of the biggest indicators of business success. It can be used to measure the effectiveness of various revenue-generating efforts, from marketing campaigns to product developments, expansion, innovation, branding initiatives, and so much more. Market share is simply the percentage of sales a company has in the overall market. A high market share corresponds to profitability.
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The article does not include metrics such as Profits and Sales that are critical to companies in all industries; rather the focus is on metrics more specific to the Hotel Industry. What is this metric? Total available rooms represents the number of rooms available multiplied by the number of days in the reported period. It is used as a measure of capacity in the system of hotels. Why is this metric important?
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Difference Between Customer Retention and Acquisition

To browse Academia. Skip to main content. Log In Sign Up. Download Free PDF. Lujie Wang.
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The most commonly-cited benefit of improved customer retention sure is a compelling one: increased profitability. But the Bain study, and others, have left a related question unanswered: How exactly does that enhanced profitability happen? To find the answers to that question, and others like it, Sailthru and Forbes Insights recently surveyed retail and media executives.
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