Enter 'The Negotiator' in Luxury Land: Change of Game? You Bet!
Melissa Bradley, who runs Indagare, the online travel community, and who is among the most impressive thinkers in the arena of travel for the affluent, has tuned into a new phenomenon and summed it up succinctly and powerfully in a recent essay called Now The Negotiator. In summary, Bradley says that a new type of affluent consumer has emerged, who she dubs the negocionado (negotiator) "and who is growing stronger by the day." The Negotiator is a product of the economic downturn, which has precipitated massive consumer disorientation as travelers seek to negotiate the new luxury landscape.
Here are the highlights of Bradley's thesis:
The cultural landscape has been profoundly altered by the depth of this economic downturn. The country has gone from "luxury fatigue to luxury rage" as the very things that people clamored for a year ago now turn them off. What people value is being radically reevaluated.
Massive consumer disorientation has forced people to react. Some have become paralyzed, others seeking to compensate for past sins by "dong good."
But there is another category - The Negocianado, who Bradley describes as "a connoisseur of wine, cigars and cars who has always paid full price. But now with his bonus abolished and portfolio plummeting, he's "decided to take retail personally."
That can mean several things:
Haggling with a salesperson or company over expensive items
Bragging about getting great deals
What is the best way for the luxury supplier to respond?
Recognize that in this period of disorientation the affluent need to be empowered and rewarded.
You
have to acknowledge that making extra efforts will help conflicted
spenders to justify their expenditures. A special deal and/or special
attention can help relieve spending stress.
Provide
authentic, local experiences. Don't talk about luxury. Talk about how
closely your chef works with local farmers. Or how the hotel is working
to protect the nearby wilderness.
Spread the concierge
mentality throughout your staff, empowering all employees to adjust
experience for each guest - kitchen tours for kids; keeping gym open
for late arrivals, etc.
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