Science of Digital Marketing
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Transcript of Science of Digital Marketing
The Science of Digital Marketing
Robert A. Rauch, CHA
HotelGuru.com
The use of digital sources based on electronic signals like Internet, digital display advertising and other digital media such as television and radio.
Digital Marketing
Digital Marketing Trends
• Online Booking
• Mobile Bookings
• More Sophisticated Revenue Management
• Distribution Channel Management
• Social Media
• Internet Marketing
Online BookingsMore than 128.8 million people will research travel online this year
63 percent of travel is made on the internet
Photo Credit: Buuteeq.tumblr.com
Mobile Bookings
31.6 percent will actually book their travel on mobile device
47 percent of travelers will research travel options using their
mobile device online this year
Photo:Marriott.com
How to Maximize Mobile Growth
• Deliver well targeted information• Provide quick and easy booking options• Create a mobile app to enhance the user
experience
Photo Credit: Openhotel.com
Distribution Channel ManagementHoteliers must preserve rate parity and their brand by utilizing the most cost-effective distribution channels, instead of using desperate measures to sell inventory.
Social Media Marketing• Capitalize on guest created content• Create a virtual concierge through the property’s website
or other digital app• Implement concise and impactful videos to enhance
dramatic imagery • Utilize content marketing and real-time marketing • Give your brand an informal and youthful voice to develop
better relationships with guests
90% of travelers trust
recommendations from their friends and family more than any advertising
Social Media Continue to transform
connections with travelers
• Half the travel industry currently engages with travelers via social media
• Social media helps a website’s ability to rank
• Guests buy based on loyalty which social media content and engagement helps build on
• Conversational Marketing
Internet Marketing
• Fill gaps and gain visibility
• Double online promotions in addition to brand sites
• Enhance Search Engine Marketing (SEM) Focus on Search Engine Optimization (SEO) Prioritize quality content above all else Pay Per Click (PPC) campaigns when necessary
Develop a proprietary web site
The Path Forward
• Be prepared to respond to all these trends and more
• Establish market presence and a level of sophistication
• Travelers are looking for the best value propositions
• Consumer demand is pushing for hotels to make upgrades and improvements
{
• Size of market hinges on the number of buyers.
• Market potential is the maximum amount of revenue in the market
The Bottom Line
Estimate the Market Potential
X= nrp
where n = number of buyers
r = number of room nights
p = price per room night
Now is the time to develop your marketing strategy
Read more on digital marketing in
the hospitality industry here
Thank You
@truehotelguru
HotelGuru.com
Robert A. RauchCEO & Founder, RAR Hospitality