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Strategic Performance Optimization in Yacht Services: Leveraging Key Performance Indicators for Enhanced Management in Luxury Tourism

Publish Year: 1402
Type: Conference paper
Language: English
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Document National Code:

TCACONF13_011

Index date: 27 June 2024

Strategic Performance Optimization in Yacht Services: Leveraging Key Performance Indicators for Enhanced Management in Luxury Tourism abstract

This study delves into the strategic importance of Key Performance Indicators (KPIs) in yacht services management within the luxury tourism industry. With an increasing emphasis on operational excellence, customer satisfaction, and financial optimization, the objective was to systematically identify, analyze, and evaluate how specific KPIs influence the overall success of yacht service operations. Employing a mixed-methods research design, the investigation combined quantitative data analysis with qualitative insights from industry practitioners, offering a comprehensive view of KPI-driven strategies. The findings reveal a set of critical KPIs across operational, customer-related, and financial dimensions, demonstrating their significant impact on enhancing service delivery, improving operational efficiency, and ensuring financial sustainability. Case studies provided practical examples of successful KPI applications, highlighting innovative practices that have led to measurable improvements in service quality and business performance. The study concludes that a strategic focus on KPIs is essential for yacht services directors to navigate the complexities of the luxury tourism market effectively, ensuring competitiveness and sustainability. By integrating a holistic KPI framework into management practices, yacht services can achieve operational excellence, meet evolving consumer expectations, and foster sustainable growth in the global tourism landscape

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Strategic Performance Optimization in Yacht Services: Leveraging Key Performance Indicators for Enhanced Management in Luxury Tourism authors

SeyyedAbdolhojjat Moghadasnian

Tarbiat Modares University

Zahra KheimeGard

Islamic Azad University, Shahriar Branch