Remove 2020 Remove Customer Expectations Remove Hotels Remove Rewards Programs
article thumbnail

Loyalty Strategy 2019: How to Win in the Next Decade

Currency Alliance

So, in summary, there is a lot to consider as you review each element of your loyalty program design, but finding the sweet spot between aligning with current business goals and meeting customer expectations will likely drive a very significant boost in ROI. Choice Hotels’ Smart Privilege scheme is another good example.

Loyalty 45
article thumbnail

It’s (almost) never 1%: how to price loyalty rewards

Currency Alliance

On the cusp of 2020, 1% is almost never the right amount. Rewards are transactional; loyalty is emotional. Loyalty programs are effectively a value exchange, in which there ought to be both emotional and transactional forms of value. rewarded with loyalty points (transactional value). The points may be worth about.8

Loyalty 40