A business philosophy, my opinions, and my favorites, rolled into a rambling story about the hotel industry...
At a recent conference I got the opportunity to talk with founder and CEO of Joie de Vivre Hospitality, Chip Conley. Joie de Vivre (JDV from now on 'cause its too hard to spell), is the largest hotelier in California and has a proven model for launching properties that are niche, and hit home with the people that frequent them. He explained how when they launch a new hotel, the base it on 3 words and a magazine. For instance, the words and magazine for their property The Phoenix in San Francisco are: Rock-n-roll, irreverent, funky - and the magazine is Rolling Stone.
Chip described that for a guest to enjoy a stay in any particular hotel, especially enough to frequent it, or refer their friends to it, the property must fullfill their expectations and match what they believe they are inside or, what they aspire to be. It must match their persona. We all think of ourselves in a certain way, and we all aspire to be
associated and referred to in some way by others. We like to frequent
certain types of places, hang out with certain types of people, dress a
certain way, eat at certain places, etc. You get the point. If a guest chooses a property that doesn't fit their persona, they will likely have a bad stay. When there is a fit however, the stay can be magical and magnetic. My point
is, he's dead right.
For someone like me who will spend at least 60-80 nights a year in a hotel room, I definitely have my preferences and places I like to stay in the places on earth I visit. We all do. For instance, I happen to love one of the JDV hotels in the Silicon Valley called the Hotel Los Gatos. I was first attracted to this hotel because I used to live in Los Gatos and the hotel is built in a residential neighborhood, adjacent to a trendy little downtown, small town, that I love to this day. I stay there any time I have business in the area...its a great oasis, and matches my persona.
Getting to the point, (and further validating Chip's points) there is one hotel for me, that stands out above all others, as the ultimate hotel. This is the property aptly named
THEhotel, and it is part of Mandalay Bay in Las Vegas. Now, our new client Boyd Gaming may not want me to tout this so hard, but until Eschelon is open, they dont have a fit for me in Vegas. For me, THEhotel is "the hotel" against which all other hotels are measured. It is simply perfect. Upscale, clean, casino nearby, but no signt nor sounds of a casino when you check in or interact with the property. A nice and lively lobby bar. A spa. A restaurant and nightclub (MIX) with guest elevator access and since it's 60 some-odd floors up, the best views in Vegas. The rooms, all suites, all perfect, all huge...several tv's, separate bedroom, living room, office, bar, 2 bathrooms, incredible beds, beautiful decor, full lighting controls - simply perfect. Everything is designed perfectly from the lobby to the match books, this place leaves NOTHING to be desired.
I love this hotel. Period. Plain and simple. It matches my "persona" as Chip describes. I want a place I am proud to tell people I am staying. I want a place that is upscale, well designed (modern), easy to access, and very comfortable when I finally get to bed. I expect a bed that is as comfortable, or more comfortable that my bed at home. Meticulously clean, nothing out of place, nothing broken or in need of any repair. I want a place I can work comfortably, and when I am done working, I want the ability to seek entertainment close by. When I wake up, I want coffee and I need my car...they have placed a great coffee bar right next to Valet so by the time they have frothed up your beverage, your car is sitting there ready for you to go. Check, check, and check...THEhotel nails it all.
The moral of this story...
I find Chip Conley to be one of the most interesting entrepreneurs around. I believe wholeheartedly in his values and philosophy on business, and I truly believe that people (if given the opportunity) will always do business with people and companies who match their persona. Businesses must create a persona that matches their target customers. It's why my company Fuze, is a good fit for some, and a bad fit for others. It's why I shop in a certain clothing store, and not another. Our personas follow us through all our decisions in business and life. Companies who recognize & harness this, and build a business focused on a persona narrow enough to be different but big enough to cast a wide enough net to make money, will be the most successful in the end.
I will stay in JDV hotels, and other hotels when they match my persona, but when I am in Las Vegas, I promise you, I will ALWAYS be at THEhotel. Check my Plazes map on this blog and you'll know what time of the month that is. No pun intended.
WBV