Trust Is Capital—Are You Making Deposits?
I’ve come to believe that every destination marketing organization has a bank account that doesn’t appear on its financial statements. It’s a reputation bank account. Every interaction with a hotelier, elected official, attraction, restaurant owner, board member, resident, reporter, or community partner either makes a small deposit or a small withdrawal. Most of those transactions are barely noticeable at the time. But over the years, they add up. And sooner or later, you may need to draw on that account. During my years leading a DMO, I learned that trust isn’t created by a clever marketing campaign or an impressive annual report. It is accumulated slowly through consistency. You say what you’re going to do, and then you do it. You return phone calls. You share information. You explain decisions. You give credit to partners. You don’t promise something simply because saying yes is easier than saying no. Those are deposits. Transparency is another deposit. That doesn’t mean every...