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The Boostly Podcast

Stages of the Booking Process: Buyer’s Remorse S2E5

The Boostly Podcast

Mark Simpson

Marketing, Business

5.0302 Ratings

🗓️ 18 November 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

In this series we will discuss the 5 stages or steps that a customer experiences when going through the booking process.  The episode covers Step 5 - Buyer's Remorse

Transcript

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0:00.0

Welcome to the Boost Hospitality podcast. My name is Mark Simpson'm the founder of Boost Hospitality or Boost League for short.

0:16.0

This podcast is all about working with small, independent hospitality owners helping them increase their heads on

0:24.7

beds cutting down on commission costs and just getting a better understanding

0:29.2

how marketing for their property works in 2017.

0:34.0

Welcome back to the final episode of season two of the Boost Hospitality

0:40.3

podcast. My name is Mark Simpson and I'm the founder of Boostley.

0:45.0

Over the course of this season of the Boost Hospitality Podcast,

0:49.0

we've been focusing on their five stages that a potential bucker will go through before reserving a room or a holiday

0:58.0

cottage online.

1:00.4

Step number five is by remorse. So it's you've done all the hard work.

1:05.4

You've got your property has stood out on either the listing sites or have come on to your website

1:11.8

and they've decided that yours is the place that they want to

1:14.7

book at. They've gone through your booking engine, they've submitted their car details and they've

1:18.7

booked with you. A really alarming stat that is coming out is that over 30% of all

1:27.0

bookings via an OTA are cancelled. And now it's an average, it's not every

1:31.7

single property, but that's a really high rate.

1:34.4

So how can you stop buyers remorse, doesn't matter whether they book on your website or

1:39.9

if they book on an online travel agent? And I've got a few things I'm going to cover in this

1:43.7

episode which hopefully you will be able to take on board and implement into your

1:47.6

hotel holiday cottage or guest house. Step number one, 24 hours to 72 hours after a guest has booked at your

1:58.0

property, send them an email or send them a text message. It's as simple as that. Give them the personalized touch.

2:05.0

Now when they do make a booking on any of these websites, doesn't matter if it's yours or someone

...

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