Remove Customer Base Remove Customer Expectations Remove Hotels Remove Rewards Programs
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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.

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

Currency Alliance

Loyalty programs are effectively a value exchange, in which there ought to be both emotional and transactional forms of value. In exchange for their data, and for receiving periodic marketing, customers expect to be: recognized (emotional value). rewarded with loyalty points (transactional value). They may be worth.5

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Breaking down the walls: Loyalty Magazine Awards 2019

Currency Alliance

By the end of the programme’s first year, loyalty members made up 44% of Tarte.com revenue, despite only making up 21% of the total customer base. Customer journeys to the moment of purchase are highly complex and too few brands are engaging with key steps along the way, to understand why customers buy, or fall out of the funnel.