WillAustin
Who saw the Test Track Singers in person? I did!
- Joined
- Jul 4, 2011
- Messages
- 2,544
But do they ?
You are only counting on a 1:1 visit.
Sure, if a visitor books a once in a lifetime trip and doesn't know to try and get discounts, etc. They pay more per trip. But, I started going a few years ago, first for 8 days. Now we are going for 15 days, and we generally know we do this every year. We spend and continue to spend far more than a once in a life timer, because we go back, for longer and longer each year.
There are people here who go multiple times a year. No first timer, no matter what they spend, can compete with that.
You are correct. They don't. That line of thinking relies on a flawed assumption that there will always be another "new" visitor to take the place of any lost repeat customer. They aren't turning an endless supply of people away at the parks or resorts every day.
Repeat guests are already coming back at a premium because there are no acquisition costs associated with them. Spending that would have been needed to attract those customers goes directly into the gross margin of the revenue.
A loyal repeat customer brings in far more revenue over time than several one-time customers. In addition to multiple trips and brand loyalty, they are also "influencers" giving considerable word-of-mouth promotion to family and friends.