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Sales, PR and Marketing Representation of CVK Park Bosphorus Hotel Istanbul

CVK Park Bosphorus, The Luxury Hotel of CVK Hotels & Resort Group, is a resort located in the heart of Istanbul and a successor to the luxury of the grand Ottoman Empire era. It stands in the historic center of Istanbul in the Taksim-Gumussuyu area, on the site of the legendary Park Hotel. The hotel boasts 382 modern rooms, including the largest Presidential Suite in Turkey, measuring 850 square meters, as well as 68 fully equipped apartments for extended stays in the separate CVK Park Prestige building, ranging from 45 to 950 square meters. The hotel's facilities include 4 restaurants and 2 lounge bars, the largest SPA and wellness center in Istanbul, and over 5000 square meters of MICE.

BRIEF

CVK Park Bosphorus Hotel Istanbul opened in November 2013 and, like its predecessor, became one of Istanbul's most famous hotels within a decade, attracting not only tourists but also local residents. Despite its popularity and one of the city's best locations, the cumulative number of tourists and corporate clients from Russia and the CIS countries only constituted a small fraction of the hotel's occupancy, unlike competitors where CIS clients are the leading group among all guests. Furthermore, CVK Park Bosphorus had been represented in the CIS market for over four years, yet the activities undertaken previously had not yielded the desired results.

In April 2023, representatives of the hotel reached out to SEA Company for consultation with the aim of changing their approach to representing the hotel in the Russian and CIS markets.

SOLUTION

After SEA Company's team familiarized themselves with the project and conducted a high-level audit, it was decided to initiate simultaneous collaboration on two packages: "Hotel Sales Representative" and "PR Representative in Russia & CIS".

REALISATION

In line with SEA Company's standards and policy, the first month of work included a field audit in Istanbul to familiarize with the hotel, its infrastructure, services, and to inspect major competitors, as well as to hold meetings with key hotel personnel to evaluate and set short-term and long-term goals.

The information gathered during the familiarization visit, along with feedback from the hotel's existing B2B partners in Russia, identified the main reasons for the lack of positive dynamics from the CIS market. This enabled a swift shift to proactive sales aimed at increasing the monthly number of guests from Russia and other CIS countries.

The sales strategy developed by SEA Company focused on increasing conversion rates from existing partners, targeting and attracting new corporate clients, and balancing activities across other business segments. In terms of PR promotion, the main emphasis was on individual and group press visits, and collaboration was activated with the Istanbul Tourism Department to jointly promote the hotel and the destination among relevant B2C audiences.

RESULTS

FOR THE FIRST 4 MONTHS OF 2024
1
The hotel's occupancy rate from guests from CIS countries from July 2023 to April 2024 increased by 15% compared to the same period in the previous year.
2
The proactive B2B promotion strategy was implemented through:
- a webinar with the tour operator Space Travel;
- participation in the MICE workshop Excellence Dacha.
3
A press tour for federal Russian media was organized, with representatives from Robb Report, RBC Style, Grazia, The Voice, Buro 24/7, Wday, Aeroflot Premium, and Men Today participating.
4
18 publications were released in federal and regional Russian media, including 11 editorial articles, 3 editorial news and 4 editorial reviews. The AVE (Advertising Value Equivalency) was over 75,300 euros.
5
Individual visits by journalists and bloggers were facilitated, including those from Forbes Russia, Russian Traveler, Shkulev Media, and Aeroflot Onboard Magazine.
6
The hotel won in nomination as «The Best Presidential Suite» by Travel Time Awards 2023 in Moscow.
FOR THE 6 MONTHS OF 2023
1
The proactive B2B promotion strategy was implemented through:
- 2 business breakfasts organized jointly with FUN&SUN and Solid Travel;
- 1 business breakfast organized exclusively for the hotel with the Russian Express tour operator;
- participation in the business workshop MICE4U;
- participation in the business workshop Pure Luxury Workshop Autumn Edition for luxury travel agents, concierges, and travel advisors.
2
A press tour for federal Russian media was organized, featuring representatives from Forbes Russia, Aeroflot Premium, S7, Marie Claire, Men Today, Novy Ochag, Psychologies, and Stolnik Yekaterinburg.
3
19 publications were released in federal and regional Russian media, including 1 interview, 9 editorial articles, 4 editorial news and 5 editorial reviews. The Advertising Value Equivalency (AVE) reached over 50,000 euros.
4
Individual visits by journalists and bloggers were facilitated, including those from RBC Style, Wday, and others.
PUBLICATIONS

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