40.5 F
London
December 22, 2024
PI Global Investments
Silver

‘It’s Not A Silver Bullet’ Say 3 Brands Who Are Hotel Guest Amenities


Some brands have been fortunate enough to secure a lucrative marketing opportunity: having their products featured as guest amenities in hotels. While there are advantages to this arrangement — most notably providing a means for potential customers to experience the product while also receiving payment for inventory from the hotel chains — it does not necessarily create immediate success in other sales channels.

I spoke with three brands who have a strong hotel amenity business in addition to online sales channels to learn how they got their start, how dependent their brand is on the amenity business, and misconceptions about the business model.

Pharmacopia

Disclaimer: Pharmacopia is a client of my employer, Acadia.

Pharmacopia, a pioneer in the aromatherapy and clean beauty realm has grown from a brand of products made with plants from the founder’s garden to one of the top five hotel amenities brands in the world.

The company was struggling financially in 2009, when a lifeline appeared in the form of Hunter Amenities International, a supplier of hotel amenities and guest supplies. Hunter had been searching for a personal care brand that had clean ingredients and addressed the emerging trend toward “better for you” products.

Pharmacopia entered a licensing agreement with Hunter, whereby Hunter manufactures the products, brokers the relationships with hotels, and pays Pharmacopia a royalty on sales.

Pharmacopia’s CEO, Andreliz Bautista McGlade, says that this has proven beneficial for inventory management and operational efficiency, allowing Pharmacopia to focus on other aspects of the business.

“The hotel amenities royalties that we were getting was allowing us to fund our business, and we didn’t have to go and find investors,” said Pharmacopia’s founder, Lisa Levin, in a podcast interview. “It was like a whole different business model that we stumbled upon.”

Today more than 500,000 guests a day try Pharmacopia products in global hotel chains, boutique hotels, cruise lines, and resorts. Customers began asking to buy the products during their stay. This customer demand prompted Pharmacopia to relaunch their Aromatherapy Collection through e-commerce – initially on AmazonAMZN and then a DTC (direct to consumer) website, Pharmacopia.net.

But it isn’t always easy to get consumers to make the leap to buying a full-sized product after sampling it in a hotel room. For one, many hotels have moved away from providing sample-sized amenities that guests often take home and act as a reminder of the brand.

Pharmacopia has tried various ways to target potential guests, such as geo-targeting Amazon customers in the same vicinity as hotels where their products are used. McGlade says the company is still finding the right marketing mix that effectively converts hotel amenity users into direct consumers without excessively draining resources.

The company’s next growth strategy is to expand to international markets. This is a goal that most other brands have to back up with extensive brand awareness campaigns, but Pharmacopia’s existing presence in these markets through its hotel relationships could open up a significant shortcut.

MALIN + GOETZ

MALIN + GOETZ is another founder-led brand that was in an emerging category at the time it was picked up as a hotel amenity.

“20 years ago, the concept of a gender-neutral brand proposition was very unique,” says Isabelle Pierre-Emile, MALIN+GOETZ Global Marketing Group Director. “Between that, the design caliber and quality of the products, it naturally lended itself to be a very interesting opportunity to offer amenity products that would be flexible to suit all genders.”



Source link

Related posts

Gold price declines ahead of US inflation data, silver gains marginally

D.William

More High-Grade Gold & Silver Confirmed at Dynasty Project

D.William

New tool Ask Silver helps UK users identify safe texts and combat online scams

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.