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Understanding
The Modern Vacation
Buyer’s Journey
Level: Beginner to Moderate By: Matt Renner, VP Sales
Business Solutions
Overview:
Digital Marketing has become increasingly more
complex over the past 5 years. This trend will
continue as smart marketers backed by big data
match wits with discerning consumers searching for
the perfect vacation experience.
In order to increase the effectiveness of your direct
booking strategy, you need to touch customers
throughout every phase of the buyer’s journey.
In this same vein, you need to analyze different parts
of the marketing funnel for the ROI each creates. Not
all channels are meant to be the last click and not all
clicks are created equally in value.
In this deck, we examine a common buyer’s path to a
purchase.
AWARENESS
& INTEREST
RESEARCH
& PLANNING
COMPARISON
& VALIDATION
DECISION &
CONVERSION
PRE / MID
& POST STAY
Business Solutions
The Past And The Future Of The Buyer’s Journey
The travel buyer experience is becoming less cumbersome over time. This will lead to a lower number of sites
needed for completing all phases of the Buyer’s Journey. In order for Hoteliers to compete with OTA’s they will
need to invest in technology, direct advertising/marketing, distribution and services or risk losing bottom line.
Business Solutions
Past: Many Sites Future: Fewer Sites
INSIGHT: Widen the top of the funnel by investing in direct marketing
online. Targeted direct traffic is a leading indicator of future direct
bookings. However, to increase conversion, you must stay focused on:
Product + Pricing + Messaging + Service
Typical Conversion Rates
.5% - 1.5% Online Conversion Rate*
20% - 30% Phone Conversion Rate*
When a traveler visits your
website, it is not likely that you
will turn a conversion in this user
session. It is important to
understand your conversion and
abandonment rates across the
online and offline channel. This
will help to guide your
remarketing strategies
throughout the other phases of
the Buyer’s Journey.
Reasons why conversions don’t happen in the first
session
1. Timing
2. Additional Research & Planning
3. Comparison and Validation
4. Price Shopping
Purchase Cycle
81 days (tripadvisor)
20+ sites (tripadvisor)
93% multi-device (google)
3-5% direct conversion rate (google)
*Based on Internal Data collected and analyzed from Google Analytics & TRACK Pulse
When a traveler visits your
website, it is not likely that you
will turn a conversion in this
user session. It is important to
understand your conversion and
abandonment rates across the
online and offline channel. This
will help to guide your
remarketing strategies
throughout the other phases of
the Buyer’s Journey.
Business Solutions
Typical Hotel Conversion Rates
(150 Room Full Service Resort/Hotel)
Business Solutions
150,000
Direct
Website
Users
1,500 Online Conversions
15,000 Inbound Calls
3,000 Call Conversions
144,500
Users Without a
Conversion
QUESTION:
Are these users lost leads, or revenue
opportunities? What is your plan to address this?
Business Solutions
Examining The Phases
Awareness And Interest
There are many ways to generate awareness and
interest for a lodging property, however, few are tried
and true and have the traffic to make an impact.
A robust, omni channel marketing strategy is
important to incorporate the top channels for direct
bookings.
--
Online Travel Agency (OTA)
Word of Mouth / Social Media
Portals / Marketplaces
Traditional Media / PR
Email / Flash Sale
Display Media
Search
Direct Mail
INSIGHT: Many believe OTA’s shouldn’t be a part of a direct
booking strategy. This is a false belief. Much like the Portal /
Marketplace source, presence on the OTA sites drives brand
organic and direct traffic back to the property website - but
isn’t given credit in Ecommerce analytics the effect it has.
Business Solutions
Awareness And Interest
Google Recognizes 7 primary sources of direct
website traffic in Google Analytics.
If a source is unrecognizable in Google Analytics, it
is marked as other - or Direct/none.
Ensure you have cross domain universal analytics
on every page of your website and booking engine
for proper tracking.
INSIGHT: Implementing attribution and analyzing assisted
conversions can help determine which channels not only
drove the last click before a booking, but also assisted
along the path to the purchase.
Business Solutions
OTA’s Meta Search
Traditional Travel
Agent
Hotel Site
Regional Sites / DMA
Sites
Portal / Marketplace
Sites
Word of Mouth /
Social Media
Travel Communities
Content / Editorial
Sites
Social Media Review Sites Airline Sites
Broadband
Travel Media
Youtube Search Engine
Research &
Planning
There is seemingly no limit
To the number of sites
providing assistance in the
travel planning process. Search
is the dominant source of traffic
to these channels. Mobile is the
dominant platform.
INSIGHT: There are many sites. But
few that actually have the traffic to
make an impact on your business.
www.similarweb.com is a good
website to validate traffic.
Business Solutions
Path A
Search Engine
Hotel Website
Search Engine
OTA Site
Meta Search Site
Hotel Website
Direct Conversion
Path B
Search Engine
Portal / Marketplace
Hotel Website
Search Engine
Meta Search Site
Hotel Website
Search Engine
OTA Conversion
Path C
Search Engine
OTA
Property Website
Marketplace
Hotel Website
OTA
Meta Search Site
OTA Conversion
Many Paths To A Purchase
Business Solutions
Business Solutions
vacation
Search
For the majority of travelers, search is still
the primary gateway. However, people act
differently and have different intent
depending on device.
There are different phases of search within
the Buyer’s Journey as well. Focus on not
just brand bidding, but general keywords as
well. These keywords do not convert at a
high rate, but generate more top of funnel
traffic.
INSIGHT: Travelers at the beginning of the Buyer’s
Journey still prefer the shopping experience of a
Marketplace. Search the top keywords for your area and
make sure you have placement on the top sites with the
most traffic for your area.
Research and planning on
your website
Research 3-5 pages of content
(typical flow)
Home Page
Accommodations
Specials & Packages
Activities
Check Availability
Less than 1%
initial conversion
Business Solutions
Website Click Path
For more digital marketers looking for a
more advanced understanding of your
click path and user flow, you can access
this data in Google Analytics.
--
Insight: Add Event Tracking in Google Analytics
to tag various important CTA’s on your desktop
and mobile site. This can help you analyze which
pages and how deep a traveler has to get to turn
into a CTA and conversion.
Red = Drop Off
Business Solutions
Comparison &
Validation
To compare a property, travelers use Meta Search
sites and review communities.
TripAdvisor is often the click prior to the last click
before the conversion.
TripAdvisor influences a significant amount of all
hotel bookings online. Most of these bookings do
not occur on Tripadvisor - thus Tripadvisor has put
significant energy and effort into becoming a
transactional marketplace.
This has proven difficult for the largest travel
community in the world.
Business Solutions
Pricing Comparison
After the first visit to your website, a consumer is
likely to return to search and type in your brand
associated with “Deal” type keywords.
“Cheeca Lodge Deals”
“Cheeca Lodge Packages”
“Cheeca Lodge Specials”
“Cheeca Lodge Coupons”
INSIGHT: OTA Sites & Meta Search Sites Bid for this traffic to
intercept the booking process. Brand keywords convert at a very
high rate on OTA sites. You can work with Google to protect your
brand Trademark from this practice.
Business Solutions
Paid business listing
Dominated by OTA’s
Additional recommendations
on the brand page
Comparison Flow
Your Website
Search Engine
Meta Search Site
OTA Site Hotel Site
INSIGHT: TripAdvisor is the largest travel site in the world by Traffic.
It also ranks highly for every property from a “Brand” search
standpoint. Travelers will type in “Hotel Brand” and instead of going to
the Brand site - they will go to TripAdvisor and get into a new funnel vs
going direct. A business listing on TripAdvisor is as much a
“Protection Method” as it is a new guest acquisition strategy.
Business Solutions
Decision and
Conversion
After final validation, most consumers will
return to search when ready to book and
will convert via several vehicles.
Google Brand Search
1. Direct - Online (your site)
2. Direct - Offline (phone)
3. Organic OTA Placement
4. Paid OTA Placement
5. Google Meta Search
Some will convert directly, many will book via
another channel that is more aggressively
marketing and has a better user experience.
OTA / Paid Search
OTA / Paid Search
Meta Organic Search
Google Meta Search
Brand (1 of 5) Results
Business Solutions
Mobile Conversion
Typical Hotel websites see between 40% -
60% of their overall website traffic via
Mobile Devices. Those that have an
optimized mobile booking experience see
more online conversions.
Most important mobile factors:
- Speed
- Usability
- Consistency
Hotel Mobile vs Expedia Mobile
INSIGHT: Implement Click-2 Call Promotions on mobile devices to
decrease mobile booking engine abandonment.
Business Solutions
Desktop Conversion for Hotels
Although web traffic continues to skew mobile, Online
bookings continue to dominate via the desktop.
Ensure you have a seamless experience across devices.
Top CRS / Booking Engine Providers with highest
conversion rates:
- iHotelier (by TravelClick)
- GuestDesk (by Fuel)
- Windsurfer
- Booking Suite (by Booking.com)
- Synxis (by Sabre)
INSIGHT: Call Centers are proven to convert up to 50x higher
percentage rates than online booking engines. Driving calls to a well
trained reservation team can increase conversion and decrease
abandonment.
Business Solutions
Desktop Conversion
for Vacation Rentals
Vacation Rental conversion are high
average dollar purchases. Thus
conversion rates can be lower online,
however, the ROI is higher.
Top CRS / Booking Engine Providers with highest
conversion rates:
- VR Fusion (by Bluetent)
- TRACK IRM
- ICND IRM
- Scurto IRM
- Streamline IRM
- LiveRez
- Blizzard IRM
Topsail Realty by ICND
Business Solutions
Phone Conversion
The average call center conversion rate is
20x - 30x that of an online booking engine.
Despite advances in technology, the call
center is still a significant source of
conversion.
To improve conversion via the call center
focus on:
1. Track missed calls and staff appropriately to
Decrease abandonment.
2. Implement a variable comp plan with
reservation agents.
3. Capture guest data and data of callers that do
not book on 1st interaction
4. Implement a follow up process on non
converted inbound calls.
Business Solutions
10 Tips To Increase Direct Conversions Throughout
The Buyer’s Journey
1. Increase targeted direct traffic / top of funnel
2. Update and enhance your online booking engine technology
3. Implement targeted display remarketing
4. Implement call tracking and lead management
5. Implement exit intent to capture emails
6. Send automated drip emails to subscribers
7. Engage users on-site with chat platform
8. Advertise best available rate on-site
9. Protect your brand in paid search
10. Implement Cart Abandonment
Business Solutions
Lodging
Marketplace
Hospitality
Software
Business
Solutions
ResortsandLodges.com is a full service digital company out of the Twin Cities, MN. Our
mission is to level the playing field for independent lodging companies and to help deliver
amazing experiences to consumers. We offer full service digital marketing services (Business
Solutions), TRACK Pulse cloud CRM and the ResortsandLodges.com Marketplace online since
1998 with over 7 million annual visitors. ResortsandLodges.com has been in business since
2003 and serves more than 2,000 customers across North America.
business.resortsandlodges.com l trackhs.com
Business Solutions

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Understanding The Modern Vacation Buyer’s Journey

  • 1. Understanding The Modern Vacation Buyer’s Journey Level: Beginner to Moderate By: Matt Renner, VP Sales Business Solutions
  • 2. Overview: Digital Marketing has become increasingly more complex over the past 5 years. This trend will continue as smart marketers backed by big data match wits with discerning consumers searching for the perfect vacation experience. In order to increase the effectiveness of your direct booking strategy, you need to touch customers throughout every phase of the buyer’s journey. In this same vein, you need to analyze different parts of the marketing funnel for the ROI each creates. Not all channels are meant to be the last click and not all clicks are created equally in value. In this deck, we examine a common buyer’s path to a purchase. AWARENESS & INTEREST RESEARCH & PLANNING COMPARISON & VALIDATION DECISION & CONVERSION PRE / MID & POST STAY Business Solutions
  • 3. The Past And The Future Of The Buyer’s Journey The travel buyer experience is becoming less cumbersome over time. This will lead to a lower number of sites needed for completing all phases of the Buyer’s Journey. In order for Hoteliers to compete with OTA’s they will need to invest in technology, direct advertising/marketing, distribution and services or risk losing bottom line. Business Solutions Past: Many Sites Future: Fewer Sites INSIGHT: Widen the top of the funnel by investing in direct marketing online. Targeted direct traffic is a leading indicator of future direct bookings. However, to increase conversion, you must stay focused on: Product + Pricing + Messaging + Service
  • 4. Typical Conversion Rates .5% - 1.5% Online Conversion Rate* 20% - 30% Phone Conversion Rate* When a traveler visits your website, it is not likely that you will turn a conversion in this user session. It is important to understand your conversion and abandonment rates across the online and offline channel. This will help to guide your remarketing strategies throughout the other phases of the Buyer’s Journey. Reasons why conversions don’t happen in the first session 1. Timing 2. Additional Research & Planning 3. Comparison and Validation 4. Price Shopping Purchase Cycle 81 days (tripadvisor) 20+ sites (tripadvisor) 93% multi-device (google) 3-5% direct conversion rate (google) *Based on Internal Data collected and analyzed from Google Analytics & TRACK Pulse When a traveler visits your website, it is not likely that you will turn a conversion in this user session. It is important to understand your conversion and abandonment rates across the online and offline channel. This will help to guide your remarketing strategies throughout the other phases of the Buyer’s Journey. Business Solutions
  • 5. Typical Hotel Conversion Rates (150 Room Full Service Resort/Hotel) Business Solutions 150,000 Direct Website Users 1,500 Online Conversions 15,000 Inbound Calls 3,000 Call Conversions 144,500 Users Without a Conversion QUESTION: Are these users lost leads, or revenue opportunities? What is your plan to address this?
  • 7. Awareness And Interest There are many ways to generate awareness and interest for a lodging property, however, few are tried and true and have the traffic to make an impact. A robust, omni channel marketing strategy is important to incorporate the top channels for direct bookings. -- Online Travel Agency (OTA) Word of Mouth / Social Media Portals / Marketplaces Traditional Media / PR Email / Flash Sale Display Media Search Direct Mail INSIGHT: Many believe OTA’s shouldn’t be a part of a direct booking strategy. This is a false belief. Much like the Portal / Marketplace source, presence on the OTA sites drives brand organic and direct traffic back to the property website - but isn’t given credit in Ecommerce analytics the effect it has. Business Solutions
  • 8. Awareness And Interest Google Recognizes 7 primary sources of direct website traffic in Google Analytics. If a source is unrecognizable in Google Analytics, it is marked as other - or Direct/none. Ensure you have cross domain universal analytics on every page of your website and booking engine for proper tracking. INSIGHT: Implementing attribution and analyzing assisted conversions can help determine which channels not only drove the last click before a booking, but also assisted along the path to the purchase. Business Solutions
  • 9. OTA’s Meta Search Traditional Travel Agent Hotel Site Regional Sites / DMA Sites Portal / Marketplace Sites Word of Mouth / Social Media Travel Communities Content / Editorial Sites Social Media Review Sites Airline Sites Broadband Travel Media Youtube Search Engine Research & Planning There is seemingly no limit To the number of sites providing assistance in the travel planning process. Search is the dominant source of traffic to these channels. Mobile is the dominant platform. INSIGHT: There are many sites. But few that actually have the traffic to make an impact on your business. www.similarweb.com is a good website to validate traffic. Business Solutions
  • 10. Path A Search Engine Hotel Website Search Engine OTA Site Meta Search Site Hotel Website Direct Conversion Path B Search Engine Portal / Marketplace Hotel Website Search Engine Meta Search Site Hotel Website Search Engine OTA Conversion Path C Search Engine OTA Property Website Marketplace Hotel Website OTA Meta Search Site OTA Conversion Many Paths To A Purchase Business Solutions
  • 11. Business Solutions vacation Search For the majority of travelers, search is still the primary gateway. However, people act differently and have different intent depending on device. There are different phases of search within the Buyer’s Journey as well. Focus on not just brand bidding, but general keywords as well. These keywords do not convert at a high rate, but generate more top of funnel traffic. INSIGHT: Travelers at the beginning of the Buyer’s Journey still prefer the shopping experience of a Marketplace. Search the top keywords for your area and make sure you have placement on the top sites with the most traffic for your area.
  • 12. Research and planning on your website Research 3-5 pages of content (typical flow) Home Page Accommodations Specials & Packages Activities Check Availability Less than 1% initial conversion Business Solutions
  • 13. Website Click Path For more digital marketers looking for a more advanced understanding of your click path and user flow, you can access this data in Google Analytics. -- Insight: Add Event Tracking in Google Analytics to tag various important CTA’s on your desktop and mobile site. This can help you analyze which pages and how deep a traveler has to get to turn into a CTA and conversion. Red = Drop Off Business Solutions
  • 14. Comparison & Validation To compare a property, travelers use Meta Search sites and review communities. TripAdvisor is often the click prior to the last click before the conversion. TripAdvisor influences a significant amount of all hotel bookings online. Most of these bookings do not occur on Tripadvisor - thus Tripadvisor has put significant energy and effort into becoming a transactional marketplace. This has proven difficult for the largest travel community in the world. Business Solutions
  • 15. Pricing Comparison After the first visit to your website, a consumer is likely to return to search and type in your brand associated with “Deal” type keywords. “Cheeca Lodge Deals” “Cheeca Lodge Packages” “Cheeca Lodge Specials” “Cheeca Lodge Coupons” INSIGHT: OTA Sites & Meta Search Sites Bid for this traffic to intercept the booking process. Brand keywords convert at a very high rate on OTA sites. You can work with Google to protect your brand Trademark from this practice. Business Solutions
  • 16. Paid business listing Dominated by OTA’s Additional recommendations on the brand page Comparison Flow Your Website Search Engine Meta Search Site OTA Site Hotel Site INSIGHT: TripAdvisor is the largest travel site in the world by Traffic. It also ranks highly for every property from a “Brand” search standpoint. Travelers will type in “Hotel Brand” and instead of going to the Brand site - they will go to TripAdvisor and get into a new funnel vs going direct. A business listing on TripAdvisor is as much a “Protection Method” as it is a new guest acquisition strategy. Business Solutions
  • 17. Decision and Conversion After final validation, most consumers will return to search when ready to book and will convert via several vehicles. Google Brand Search 1. Direct - Online (your site) 2. Direct - Offline (phone) 3. Organic OTA Placement 4. Paid OTA Placement 5. Google Meta Search Some will convert directly, many will book via another channel that is more aggressively marketing and has a better user experience. OTA / Paid Search OTA / Paid Search Meta Organic Search Google Meta Search Brand (1 of 5) Results Business Solutions
  • 18. Mobile Conversion Typical Hotel websites see between 40% - 60% of their overall website traffic via Mobile Devices. Those that have an optimized mobile booking experience see more online conversions. Most important mobile factors: - Speed - Usability - Consistency Hotel Mobile vs Expedia Mobile INSIGHT: Implement Click-2 Call Promotions on mobile devices to decrease mobile booking engine abandonment. Business Solutions
  • 19. Desktop Conversion for Hotels Although web traffic continues to skew mobile, Online bookings continue to dominate via the desktop. Ensure you have a seamless experience across devices. Top CRS / Booking Engine Providers with highest conversion rates: - iHotelier (by TravelClick) - GuestDesk (by Fuel) - Windsurfer - Booking Suite (by Booking.com) - Synxis (by Sabre) INSIGHT: Call Centers are proven to convert up to 50x higher percentage rates than online booking engines. Driving calls to a well trained reservation team can increase conversion and decrease abandonment. Business Solutions
  • 20. Desktop Conversion for Vacation Rentals Vacation Rental conversion are high average dollar purchases. Thus conversion rates can be lower online, however, the ROI is higher. Top CRS / Booking Engine Providers with highest conversion rates: - VR Fusion (by Bluetent) - TRACK IRM - ICND IRM - Scurto IRM - Streamline IRM - LiveRez - Blizzard IRM Topsail Realty by ICND Business Solutions
  • 21. Phone Conversion The average call center conversion rate is 20x - 30x that of an online booking engine. Despite advances in technology, the call center is still a significant source of conversion. To improve conversion via the call center focus on: 1. Track missed calls and staff appropriately to Decrease abandonment. 2. Implement a variable comp plan with reservation agents. 3. Capture guest data and data of callers that do not book on 1st interaction 4. Implement a follow up process on non converted inbound calls. Business Solutions
  • 22. 10 Tips To Increase Direct Conversions Throughout The Buyer’s Journey 1. Increase targeted direct traffic / top of funnel 2. Update and enhance your online booking engine technology 3. Implement targeted display remarketing 4. Implement call tracking and lead management 5. Implement exit intent to capture emails 6. Send automated drip emails to subscribers 7. Engage users on-site with chat platform 8. Advertise best available rate on-site 9. Protect your brand in paid search 10. Implement Cart Abandonment Business Solutions
  • 23. Lodging Marketplace Hospitality Software Business Solutions ResortsandLodges.com is a full service digital company out of the Twin Cities, MN. Our mission is to level the playing field for independent lodging companies and to help deliver amazing experiences to consumers. We offer full service digital marketing services (Business Solutions), TRACK Pulse cloud CRM and the ResortsandLodges.com Marketplace online since 1998 with over 7 million annual visitors. ResortsandLodges.com has been in business since 2003 and serves more than 2,000 customers across North America. business.resortsandlodges.com l trackhs.com Business Solutions