The Four Cornerstones of Branding

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white paper Back to Basics: The Four Cornerstones of Branding

I have a very specific reason for this

paper: while

C

onrad Hilton once said, “When I hear the word ‘branding’ I reach for my pistol!” Actually, he didn’t, but he might have, had he known how much the word is used and abused in this day and age. He might have rolled his eyes (a trait he inherited from his lovely great-granddaughter, Paris), and he might have moaned, quietly, pleading, “Please, No

“branding” is an overworked idea, it is nevertheless at the heart

of everything we do in the hotel (or any) business.

Of course, he would have been right and his is a sentiment that we would all agree with. Is there anything about branding that hasn’t been said? At least 100 times? Why would we want to hear or read about this tedious subject again? We get it! We got it! Enough! Please, stop! Not again! And yet, here I am writing yet another article on this forsaken subject. Am I mad? Desperate? Insane? Probably, but more to the point, I have a very specific reason for this paper: while “branding” is an overworked idea, it is nevertheless at the heart of everything we do in the hotel (or any) business. This was brought home to me, again, at a recent roundtable with hotel investors and lenders. When I asked them what was the first question they would ask an owner or developer of an independent hotel, they all agreed: “What’s your brand?”

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Q: Before anything else you would ask what the brand is. Even of small independent, unbranded hotels? “Yes, especially of unbranded hotels.” Q: Before you ask where the development is, or what the business plan is, or the projected ROI, or what segment, or how much they want?

“These are just details, and obviously important, but unless we have a brand context to understand them in, they are either meaningless or not credible. Knowing what the brand is, if it’s well articulated (and if it’s not well articulated the deal will never happen), tells us who the target is, what business is it in (category, segment, market) what will make the hotel relevant and appealing to the guests, why it is different from the competition, and essentially how this will be delivered. We need to know this in order to evaluate the business plan and hence the potential of the

Excerpted from the article by Protean Managing Partner Laurence Bernstein first published in Hotelexecutive.com (http://hotelexecutive.com)


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The Four Cornerstones of Branding by Laurence R Bernstein - Issuu