Luxury Brand Validates New Hotel Additions and Improves Direct Marketing Rates by 300% Using MapInfo(R) SolutionsTROY, N.Y.—(BUSINESS WIRE)—Feb. 15, 2005— MapInfo Corporation (NASDAQ: MAPS), a leading global provider of location intelligence solutions, today announced that Fairmont Hotels & Resorts is utilizing MapInfo location intelligence solutions to profile customers and validate business opportunities. MapInfo solutions enable Fairmont to improve its understanding of customers' lifestyles and preferences, herald partnerships and property purchases--such as new hotels in Mexico's Mayan Riviera and London--and enhance direct mailing campaigns by more than 300 percent.
With 45 hotels and a guest base of more than six million people, Fairmont is one of the largest hotel-management companies in North America. Using the MapInfo PSYTE(R) neighborhood clustering system, Fairmont gains detailed lifestyle information about its customers such as: favorite destinations, hobbies and what newspapers they read. Armed with this data, Fairmont is able to accomplish the following business goals:
-- Improve Direct Marketing and Advertising--Before using MapInfo solutions, Fairmont relied on general mailing lists for direct marketing campaigns. After using PSYTE Advantage to better target its direct marketing efforts, Fairmont increased its response rate from 0.5 to 2 percent. By better understanding the media preferences of its target customers, Fairmont makes more informed decisions about advertising opportunities and partnerships.
-- Uncover New Customers--Fairmont used MapInfo PSTYE to identify some surprisingly strong customer groups. Traditionally, Fairmont assumed its customer base was predominately middle aged. However, after using MapInfo PSYTE, it found that young professionals made up a significant segment of its guest information. As a result, Fairmont began targeting these new groups in direct mail campaigns and researched new development opportunities.
-- Validate New Real Estate Opportunities--MapInfo PSYTE and MapInfo TargetPro(R) were instrumental in validating the establishment of the soon-to-open Fairmont Mayakoba resort in the Riviera Maya and the recent acquisition of London's famed Savoy Hotel. Fairmont used the MapInfo solutions to identify expansion locations where its existing customer base frequently travels.
"MapInfo provides us with a wealth of customer based information and helps us harness this knowledge to uncover new opportunities and revenue streams," said Fairmont's Executive Director of Marketing Services Sean Taggart. "The Savoy in London is a great example of how with MapInfo we researched, uncovered and validated a new acquisition for our company. Fairmont is dedicated to offering memorable experiences to our customers, and MapInfo enables us to better understand what they need in order for us to provide a superior level of service."
"Fairmont is an excellent example of how a company can use MapInfo solutions to enhance a variety of marketing efforts and increase the value of those campaigns with scientific research. Its tremendous success with its direct mailing campaigns is further example of their ROI using MapInfo solutions," said Michael Hickey, COO, MapInfo.
Featuring a collection of fabled castles, secluded lodges, storied meeting places and modern retreats, Fairmont Hotels & Resorts opens the doors to some of the world's most celebrated addresses. With locations throughout eight countries, our 45 distinctive hotels - including The Fairmont San Francisco, The Fairmont Banff Springs and The Fairmont Dubai - promise travellers unparalleled settings, rich experiences and lasting memories. Future Fairmont Hotels & Resorts include The Fairmont Mayakoba, Riviera Maya (fall 2005), The Fairmont Cairo and The Fairmont Abu Dhabi Resort & Villas. For more information or reservations, please call 1-800-441-1414 or visit www.fairmont.com.
MapInfo Corporation is a global company that integrates software, data and services to help organizations realize greater value from location-based information and drive more insightful decisions. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, NY, MapInfo Corporation is on the World Wide Web at www.mapinfo.com.
MapInfo, PSYTE and TargetPro are trademarks of MapInfo Corporation and/or its subsidiaries and affiliates.
This press release contains forward-looking statements involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of MapInfo products and integration of MapInfo products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2004 filed with the Securities and Exchange Commission under the heading "Factors Affecting Future Performance." MapInfo takes no responsibility to update any forward-looking statements.
MapInfo Corporation Angela Girard, 518-285-6000 email: Email Contact or Schwartz Communications Erin Del Llano, 781-684-0770 email: Email Contact