Navigating Online Hotel Bookings: Strategies for Success in the Travel Industry
The travel industry has transformed, with online channels driving 90% of hotel bookings. To leverage this shift, businesses must capture existing demand while driving new customer interest. Understanding customer behavior is crucial, utilizing tools like paid search results, local business listings, and organic search strategies. Local search has become vital in customers' purchase decisions, encompassing property details, photos, reviews, and nearby attractions. By connecting effectively with travelers and marketers, the industry can adapt to the evolving consumer mindset and increase overall bookings.
Navigating Online Hotel Bookings: Strategies for Success in the Travel Industry
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Presentation Transcript
The web’s putting “heads in beds” Tran Hang Travel Industry Development, The Americas May 8, 2008
Capture Existing Demand Drive New Demand Get Smarter About your Customers
Tools for capturing demand Paid search results Local business results Organic results Google Confidential and Proprietary 4
Local search critical to purchase consideration • Property Address Google Confidential and Proprietary 5
Local search critical to purchase consideration • Property Address • Property Details • Photos & Videos • Reviews • Activities/Attractions Google Confidential and Proprietary 6
Capture Existing Demand Drive New Demand Get Smarter About your Customers
All Other Sites76% MySpace9% Yahoo7% MSN4% AOL4% The web is highly fragmented Content pages are 95% of US page views Source: AdRelevance Q2’08; comScore Media Metrix, August 2008.
Connect travelers, marketers, and publishers Travelers Publishers Marketers
Distributed to Audiences Across the Web Placed on relevant sites aimed at core demographics: Affluent Travelers and Business Decision Makers
Capture Existing Demand Drive New Demand Get Smarter About your Customers
A New Consumer Mindset [coupon] [discount] [percent off] [free shipping]
The Web Evolution Information & Communication Commerce Community Self Expression & Entertainment 3.0 2.0 1.0 1994 1998 2000 2003 2006 2009 Global Internet Users 77M 400M 500M 1000M 1400M