Crafting a Product Vision for a Hospitality SaaS Startup – Part 1
From Research to Action: Defining the Problem with Data
If you've been following this series, you know I’m working on building a wedding venue SaaS product. If you haven’t seen the earlier discussions, check out these:
In the previous discussions, we explored market research and stakeholder insights, but now we need to go deeper to define a clear product vision. This starts with a well-researched problem statement—the foundation of a strong vision.
A compelling product vision includes the following components:
Why a Product Vision is Critical
A well-defined product vision aligns teams, attracts stakeholders, and ensures strategic execution. Here’s why it’s essential:
1. Provides Direction and Focus
A product vision acts as a North Star, ensuring that every decision aligns with long-term objectives. It prevents teams from getting distracted by short-term trends and helps prioritize efforts that drive meaningful progress.
2. Drives Strategic Decision-Making
By defining the “why” behind the product, the vision enables informed trade-offs. It helps teams prioritize features, roadmap investments, and market opportunities with confidence.
3. Aligns Teams and Stakeholders
A strong vision fosters collaboration across engineering, marketing, sales, and customer success by keeping everyone focused on a shared mission. This alignment streamlines execution and improves cross-functional communication.
4. Enhances Customer Connection
A great vision is customer-driven. When users feel that a product aligns with their needs, it builds trust, loyalty, and advocacy.
5. Facilitates Better Roadmapping
A product vision guides the roadmap, ensuring every milestone and feature contributes to long-term objectives. It prevents scattered development efforts and misaligned priorities.
6. Differentiates in Competitive Markets
A clear vision helps the product stand out by communicating a unique value proposition, resonating with customers and stakeholders alike.
7. Prevents Common Pitfalls
Without a strong vision, teams risk feature factory syndrome—shipping random features instead of solving core user problems. A defined vision keeps efforts focused on meaningful outcomes.
8. Inspires and Motivates Teams
Beyond functionality, a vision fuels purpose. It connects the team to a greater mission, energizing them to push through obstacles and innovate.
What We'll Cover in This Article
In this article, I’ll walk you through how to conduct user research, analyze survey data, and transform it into a problem definition—the foundation of a strong product vision.
Specifically, we will cover:
Step 1: PESTLE Analysis–Understanding the Market
What is a PESTLE Analysis?
A PESTLE Analysis is a framework for evaluating external macro factors that could impact product success. It stands for:
Why It Matters
A PESTLE analysis isn’t just academic—it’s the first line of defense against investing in features that could become obsolete due to regulatory shifts, changing consumer behavior, or technological disruptions.
Our Approach to PESTLE Analysis
I conducted the PESTLE analysis in two stages to ensure depth and accuracy:
First Pass: Key Insights from Initial PESTLE Analysis
The first pass of the PESTLE analysis provided a high-level view of macro factors affecting the wedding venue market. Below are the key strategic shifts we uncovered and their potential implications for our wedding venue SaaS product:
Second Pass: Deep Dive with Data Sources
After identifying these high-level trends, I conducted a deeper analysis using market research tools like Perplexity to gather specific data points and industry forecasts. Here’s what I found across each PESTLE category:
Political Factors
Increased Regulation of Event Spaces:
Data Privacy Requirements:
Economic Factors
Inflation and Budget Constraints:
Changing Spending Patterns:
Social Factors
Shift Toward Intimate Celebrations:
Increased Family Involvement:
Sustainability Expectations:
Technological Factors
Demand for Digital Tools:
API Integration Needs:
Legal Factors
Contractual Complexity:
Data Compliance Requirements:
Environmental Factors
Climate Change and Weather Risk:
Sustainability as a Differentiator:
Key Takeaways from PESTLE Analysis
Economic Pressures Are Driving Micro-Weddings: 58% of weddings in 2025 will host fewer than 75 guests—modular venue solutions are essential.
Sustainability Is No Longer Optional: 83% of couples penalize venues without carbon tracking—integrating emissions calculators will address this.
Digital Transformation Is a Competitive Edge: Venues need API-first architectures to connect with fragmented vendor ecosystems—our platform will deliver this functionality.
By leveraging these insights, our product will address stakeholder needs, adapt to external forces, and future-proof operations against evolving market dynamics.
In the next section, we’ll dive into stakeholder mapping—analyzing decision-making dynamics and identifying the most influential players in the wedding venue ecosystem.
Step 2: Stakeholder Mapping – The Hidden Hierarchy
Now that we understand the macro forces shaping the wedding venue industry through our PESTLE analysis, we need to get granular and identify the key players who influence decision-making. To do this, I use the Stakeholder Salience Matrix.
The Stakeholder Salience Matrix
The Salience framework determines how prominent or influential a stakeholder is within an industry. This model categorizes stakeholders based on three key attributes:
By mapping these attributes, we visualize seven distinct stakeholder groups with three levels of priority:
Priority 3: Low-Involvement Stakeholders
These stakeholders have only one salient attribute, meaning they require minimal attention but should be monitored in case their influence changes.
Priority 2: Medium-Involvement Stakeholders
These stakeholders have two salient attributes, meaning they benefit from regular communication to ensure alignment with the project.
Priority 1: High-Involvement Stakeholders
These stakeholders possess all three attributes—power, legitimacy, and urgency—making them the core decision-makers. They require continuous engagement.
Engagement Strategies Based on Stakeholder Priority
Priority 1 (Definitive Stakeholders):
Priority 2 (Dominant, Dangerous, Dependent Stakeholders):
Priority 3 (Dormant, Discretionary, Demanding Stakeholders):
Applying the Salience Model: The Wedding Venue Stakeholder Power Map
In our research, we identified three key stakeholders in the wedding venue selection process:
These stakeholders hold varying degrees of influence in the decision-making process. Using the Salience Matrix, we can classify them as follows:
Key Insights from the Stakeholder Power Map
Brides Are the Core Audience
Mothers of the Bride Have Veto Power
Wedding Planners Influence Referrals
Avoiding the Common Stakeholder Research Pitfall
Most people approach stakeholder research backward—they either:
This is the wrong approach.
The Right Approach for Step 3:
Step A: Start with publicly available data on Priority 1 stakeholders.
Step B: Identify gaps where further insight is needed.
Step C: Conduct large-scale surveys to validate pain points.
Step D: Use qualitative interviews with Priority 1 stakeholders to deepen understanding.
By following this structured approach, we ensure that product development is data-driven and stakeholder needs are accurately captured.
Next Steps: Validating Stakeholder Needs with Data
Now that we have mapped our key decision-makers, the next step is to gather hard data on what truly drives their venue selection process.
In the following section, we’ll conduct a large-scale survey of engaged women in the U.S. to identify:
By the end of this research, we will have a data-driven problem statement, forming the foundation for our wedding venue SaaS product vision.
Step 3, Part A: Understanding Venue Owner Market Pressures with Publicity Available Data
With macro trends (PESTLE) analyzed and key stakeholders mapped, the next step in our data-driven approach is reviewing publicly available data to identify the biggest challenges faced by wedding venue owners.
Through market research and direct conversations with venue owners, we’ve identified five critical challenges shaping the industry today. These challenges influence venue operations, pricing strategies, and customer acquisition, forming the foundation of our SaaS product vision.
1. Lower Budgets and Declining Guest Counts
The wedding industry is seeing a notable shift toward smaller, budget-conscious celebrations, with micro-weddings (fewer than 75 guests) becoming the dominant format:
?? Implication for Venue Owners:
2. Intensifying Competition Among Wedding Venues
With more wedding venues entering the market, competition has increased significantly, putting downward pressure on pricing:
?? Implication for Venue Owners:
3. Marketing Challenges – The Lead Generation Struggle
Despite the increasing number of engaged couples searching for venues, many venue owners struggle to generate consistent leads:
?? Implication for Venue Owners:
4. Rising Costs – Financial Pressures on Venue Operations
The cost of hosting weddings continues to rise, placing pressure on both couples and venues:
?? Implication for Venue Owners:
5. Evolving Trends – Changing Couple Preferences
Couples are increasingly prioritizing ambiance, sustainability, and unique experiences when selecting a wedding venue:
?? Implication for Venue Owners:
Validating Findings: Direct Conversations with Venue Owners
To confirm these industry-wide trends, I spent several weeks meeting with wedding venue owners to understand their perspective on 2025.
Key Takeaways from Venue Owners:
Venue owners need a solution that enables them to:
However, venue owners alone aren’t enough—to create a successful product, we need to deepen our understanding of the other Priority 1 stakeholders. Specifically we need to address the gaps in publicly available data.
Step 3, Part B: What Publicly Available Data Doesn’t Tell Us and What We Need to Bridge the Gaps
Now that we’ve analyzed publicly available data on venue owner challenges, the next step is to identify the gaps where further insights are needed. This ensures that we don’t rely solely on third-party research but instead validate assumptions with real-world data.
Key Gaps in Public Data on Venue Owners
While industry reports and market research highlight broad trends, they lack detailed, venue-specific insights into:
Without these answers, any solution we design risks being incomplete or misaligned with venue owner needs. To fill these gaps, direct input from venue owners through qualitative interviews will be essential in later stages.
Defining the Next Research Focus: Brides & Families
Beyond venue owners, the other Priority 1 stakeholders are:
While public data outlines broad industry trends, it does not provide granular insights into:
These unknowns represent critical gaps in our research. Without answering these questions, we cannot effectively design a SaaS solution that meets real customer needs.
Next Steps: Conducting a Large-Scale Survey
To bridge these gaps, our next step is Step C of the Right Approach—conducting a large-scale survey to validate bride and family pain points.
In the next section, we’ll launch this survey to answer:
By combining publicly available data with direct survey insights, we can develop a data-driven problem statement that ensures our product solves real pain points rather than just following industry assumptions.
Step 3, Part C: Conducting a Large-Scale Survey to Validate Pain Points
Now that we've identified gaps in publicly available data, it's time to validate assumptions with direct input from our Priority 1 stakeholders: brides and their families.
Survey Methodology
To gain a deeper understanding of what engaged couples prioritize when selecting a wedding venue, we conducted a large-scale survey of engaged women across the U.S.
Survey Details:
Below is the full list of survey questions and the majority responses from participants.
Key Insights from the Survey & Recommendations for Venue Owners
From this data, we can extract seven key insights that are critical for venue owners to address:
1. Budget and Value Considerations
?? Insight:
? Recommendation:
2. Venue Preferences & Backup Plans
?? Insight:
? Recommendation:
3. Guest Experience & Logistics
?? Insight:
? Recommendation:
4. Planning Services & Coordination
?? Insight:
? Recommendation:
5. Seasonal and Timing Preferences
?? Insight:
? Recommendation:
6. Decision-Making Factors
?? Insight:
? Recommendation:
Final Steps: Refining Our Problem Statement with Qualitative Interviews
With both venue owner and bride pain points validated, our final step in the research process is to conduct qualitative interviews with Priority 1 stakeholders—brides and their families.
Step 3D: Conducting Qualitative Interviews to Deepen Understanding
Our final step in the research process is to conduct qualitative interviews with Priority 1 stakeholders—brides and their families. While the large-scale survey provided statistical validation of venue selection trends, it does not capture the emotional drivers, decision-making nuances, or post-booking expectations that truly define the wedding venue experience.
To fill these gaps, we will conduct one-on-one interviews to explore:
The qualitative findings will provide rich, in-depth insights to complement the survey data, allowing us to create a fully informed product vision for our wedding venue SaaS solution.
Evaluation of Existing Survey Questions
Before crafting the discussion guide for interviews, it’s important to evaluate the strengths and gaps in our existing survey.
Strengths of the Survey Questions
Budget and Cost Transparency
Venue Preferences & Planning Details
Guest Logistics & Planning Services
Decision-Making Factors
Gaps in the Survey Questions
While the survey captured key decision-making criteria, it lacked insights into:
Digital Tools & Booking Behavior
Sustainability Prioritization
Emotional & Psychological Factors
Vendor Integration & Post-Booking Experience
To fill these gaps, we will focus our qualitative interviews on deepening our understanding of these topics.
Discussion Guide for Qualitative Interviews
To structure the interviews effectively, we have divided the discussion guide into five sections, each addressing a critical gap in our understanding.
1. Digital Tools & Venue Discovery
Objective: Understand how brides find, research, and book wedding venues online.
Questions to Ask:
?? Why We’re Asking:
2. Sustainability & Eco-Friendly Preferences
Questions to Ask:
5. When selecting a venue, how important is sustainability to you?
6. Would you pay a premium for a venue that tracks its carbon footprint or offers sustainable wedding packages?
7. What specific sustainability efforts (e.g., zero-waste catering, solar power) would make a venue more appealing?
?? Why We’re Asking:
3. Emotional & Psychological Factors
Objective: Uncover the emotional drivers behind venue selection.
Questions to Ask:
8. What feeling do you want your wedding venue to evoke for you and your guests?
9. Describe a venue experience that would make your wedding feel truly unforgettable.
10. Have you ever visited a venue that didn’t feel "right"? What made you rule it out?
?? Why We’re Asking:
4. Vendor Ecosystem & Coordination Services
Objective: Understand how much brides value vendor integration in venues.
Questions to Ask:
11. Would you prefer a venue that offers all-inclusive vendor packages? Why or why not?
12. How important is it for a venue to have a list of recommended vendors?
13. Would you be interested in a digital dashboard that lets you communicate with vendors and your venue in one place?
?? Why We’re Asking:
5. Post-Booking Experience & Communication
Objective: Identify gaps in the post-booking customer experience.
Questions to Ask:
14. After booking your venue, what kind of ongoing support do you expect?
15. Would you prefer a mobile app to track venue updates and communicate with coordinators?
16. How often would you like to receive check-ins from the venue before your wedding?
Why We’re Asking:
Highlight Video Reel Showcasing Findings
After conducting interviews, we will update this section with a highlight video reel that showcases real bride testimonials and key qualitative insights.
What the Video Will Feature:
Why This Matters: