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No real competition?

Question asked by anadyr on Dec 18, 2017
Latest reply on Dec 20, 2017 by anadyr

comp..pngWhen an industry, let's say the hotel industry, feels (or knows) that there are no real competitors, does that industry need to have a robust and viable loyalty program? 

 

What is the incentive if the customer has nowhere else to turn?

 

Is there a rationale to try to gather new business when you are the only business in the marketplace?

 

What new customer base would be enthralled with a loyalty program?

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