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Content reproduced from
http://www.hospitalitynet.org/news/4034195.html
Highlighted areas show how iBooking Hotel can help you deliver on each
recommended marketing resolution.
Hotelier's 2008 Top Ten
Internet Marketing Resolutions | By Max Starkov and Jason Price
9th January 2008
In 2008 approximately 40% of all hotel bookings
will be generated from the Internet (one-third in 2007, 29% in 2006). At
least another third of all hotel bookings will be influenced by the
Internet, but done offline (call center, walk-ins, group bookings, etc). By
the end of 2010, over 45% of all hotel bookings will be completed online
(Merrill Lynch). Now, more than 13 years after the first online hotel
booking, are hoteliers taking full advantage of this dramatic channel shift
from offline to online? Has the shift increased commoditization of the hotel
product? Is there such a thing as customer loyalty in this environment? How
can the hotel increase its direct online market share? What are some Web
2.0/Social Media formats and initiatives to consider, develop and implement?
The 2008 Top Ten New Year's Internet Marketing Strategy Resolutions,
presented by Hospitality eBusiness Strategies (HeBS) for the eighth year in
a row, provide some of these answers and action steps.
Whether you are a major hotel brand, hotel management company, independent
or franchised hotel or resort, you can stay well ahead of your competitors
and capture new market share with an effective Internet Marketing Strategy.
Smart and proactive hoteliers who utilize best practices in Internet
marketing, and follow latest trends to their own advantage will define the
industry winners and losers in 2008 and over the long term.
Here are the Top Ten Internet Marketing Resolutions your hotel company
should consider adopting in 2008:
1. I will Generate Robust Internet Marketing ROIs in 2008
from my hotel's Internet marketing efforts. I understand that just having a
hotel website, running some sporadic search marketing campaigns, or even
having an Internet marketing budget in place is not enough to generate the
ROIs my hotel deserves. I know that often an interactive agency will want me
to spend more, a web design shop will want me to redesign my site every
year, or a booking engine vendor will want me to spend more marketing
dollars, especially if they charge transaction fees. I also know that
measuring ROI is the last priority for many vendors out there.
I will become ROI-centric. I will only work with an
Internet marketing vendor that provides a comprehensive Internet marketing
strategy, and focuses on online marketing formats that generate the highest
ROIs. I will demand full transparency in fees and marketing spend, and
accountability for results. I understand that with the web technologies
available today, anything and everything can be measured, making Internet
marketers more accountable than ever before. I will require state-of-the-art
website analytical and campaign tracking tools, utilization of industry's
best practices, and marketing spend that can be tracked and its ROI
determined without a doubt.
iBooking offer the most effective way for you to
take bookings direct from the hotel web site. We charge a low commission but
we also reinvest a portion of that commission to drive more customers direct
to your web site.
2. I will make sure my hotel Internet marketing budget takes a Holistic View
of the Hotel Online Environment and incorporates a comprehensive, long-term
strategic approach. I know that to achieve my ROI goals I must focus on
marketing key aspects of my hotel product to my key market segments in my
feeder markets, since I know that each of my customer segments requires a
differentiated approach, information and offering. I understand that in 2008
my hotel budget should include all Internet marketing "fundamental" formats
(e.g. eCRM, website re-designs and optimizations, organic and paid search
marketing, email marketing, strategic linking, display advertising and
online sponsorships, seasonal promotions and other direct-response driven
campaigns supported by special landing and private web pages, etc.), to
position my hotel website at all "points of contact" with potential Internet
travel bookers as well as new media formats such as Web 2.0 and social media
(blogs, RSS, widgets, etc.).
I will make sure to adopt a Multi-Channel Marketing Model and communicate a
single brand message about my hotel across all channels, both online and
offline. The shift from more expensive to less expensive distribution
channels has become the norm in hospitality. I understand that lessening my
hotel's dependence on higher cost channels and driving more revenues through
my hotel's website should become the main objective of my 2008 marketing
budget.
iBooking Hotel can sit at the heart of marketing
operations - both offline and online. We work with you to ensure you are
offering the best rates from your own web site and offering promotions that
can be booked directly the instant you create them. We help you optimise the
hotel web site to maximise conversion rates and generate the best ROI from
your marketing spend.
3. I will take a hard look at how Best Industry Practices are being utilized
in my hotel Internet marketing strategies and by the hotel Internet
marketing vendors. I know that now, after almost 13 years since the first
online hotel booking, best practices have been established in practically
every aspect of hotel Internet marketing.
I do not want my Internet marketing vendors to "learn the business on my
dime". I know the Internet is my hotel's most important revenue channel and
I will no longer rely on biased advice from vendors, interactive agencies,
web hosting and design companies, or vendors that "keep me in the dark." I
will make it my mission to acquire new core competencies and adopt best
industry practices by partnering with leading hospitality experts in
Internet distribution and marketing strategies.
iBooking are expert in online marketing and booking
technology. We want to to deliver more business, more cost-effectively. We
pass on our industry knowledge as it relates to your unique business and we
advise how best to capture more visitors that become loyal customers.
4.
I will take a hard look at my Internet assets and adopt a robust Website
Re-Design and Optimization Strategy this year. I know that the hotel website
has become the "first point of contact" with the overwhelming majority of
hotel customers and I don't want a visit to my hotel website to turn out to
be the "last point of contact" with this potential customer. I understand
that a branding interaction occurs anytime an Internet user lands on my
website. I also know that this branding interaction can be: positive
(brand-building), or negative (brand-eroding) and I will do everything
possible to build a positive brand presence and recognition on the Web. I
also know that 71.9% of my peers believe website optimization generates the
highest ROI's, and the second highest portion of the budget should be
allocated to this activity (2007 HeBS Benchmark Survey).
By adopting a comprehensive Website Re-Design and Optimization Strategy I
will aim to enhance my hotel website's user-friendliness, search
engine-friendliness, travel booker-friendliness, and interactive
relationship-friendliness. This strategy will deal with the issues important
for turning lookers into bookers (conversion rates), improving search engine
rankings, and boosting ROIs.
iBooking have been building
hospitality websites for more than 12 years. We know what works, and what
doesn't. Our advice is free of charge and we often invest time and effort in
improving your own web presence at no charge on the premise that our efforts
are geared around increasing direct online bookings.
5.
I will consider a robust Web 2.0/Social Media Strategy as part of my
comprehensive Direct Internet marketing strategy. I understand that the new
Web 2.0/Social Media environment has forever changed the way customers plan
and purchase travel and access information. I also know how customers
perceive credibility of information and that there is an Ideological Clash
between official content on the hotel website vs. consumer generated content
(e.g. customer reviews).
I want to listen to what my customers are saying. I know that I can gain
unfiltered insights into the customer experience, and by monitoring sites
that contain reviews and comments about my property I can immediately
address any issues and act appropriately. On the other hand I know that I
can establish interactive relationships with my customers via
corporate-sponsored Web 2.0/Social Media initiatives, such as blogs and
consumer experience and photo sharing. I also know that as a smart hotel
marketer I can utilize the various types and formats of social media to
promote my hotel's products and services, and will make Web 2.0/Social Media
a line item in the Internet advertising budget.
iBooking can help you
understand the social media phenomenon and to learn how your hotel is
perceived by your customers. We can help you shape your online reputation
and show you how to encourage positive comment that can be developed into
customer loyalty.
6.
I will continue making the Direct Internet Marketing and Distribution
Strategy the centerpiece of my Internet strategy, because I know it provides
my hotel company with long-term competitive advantages and will lessen my
dependence on intermediaries, discounters and traditional channels that are
expensive or about to become obsolete.
I know that the leading hospitality brands already enjoy a very healthy
85:15 or even 90:10 direct vs. indirect online distribution ratio, and the
Direct Online Channel sales will exceed 62% for the industry as a whole in
2008. I will maintain strict rate parity across all marketing channels and
maintain a best rate guarantee, and create unique product offerings designed
to provide a unique value proposition to my customers. I will employ a
comprehensive Direct Online Channel strategy to encourage, entice, and
convert lookers into bookers on my own website. I know that only a
comprehensive Internet marketing strategy can significantly increase my
direct online sales and shift bookings from more expensive distribution
channels to the least expensive channel - my hotel website.
It's our core competence. Allow
iBooking Hotel to power your online bookings, develop your customer
database, and extend your global reach. We are your trusted online booking
partner. If it works for us then it works for you. It's a perfect
partnership. Just ask more than 400 hotels who already use iBooking Hotel.
7.
I will design my hotel marketing strategy to provide Unique Value
Proposition to my customers. I will create unique hotel offers based on
unique product attributes. I will stop competing on price only. I know that
I will never be able to attract and retain more sophisticated travel
shoppers and more affluent customers if I compete on price alone. I
understand that the third-party online intermediaries have been responsible
to a great extent for the commoditization of the hotel product and services.
I will work hard against any further commoditization of my hotel product and
services. I will identify unique aspects of my hotel product and
destination, and develop a differentiated approach to reach my key customer
segments by creating unique specials and packages, event-related getaways,
and seasonal promotions. I will launch one-to-one marketing initiatives to
provide unique value and personalization.
With iBooking Hotel and ongoing
support from iBooking travel experts, we help you reduce your reliance on
the intermediaries and ensure that more of your
bookings come direct from your own web site. With total control over rates,
promotions, booking extras and more, iBooking Hotel ensures you retain the
balance of power.
8.
I will embrace Electronic Customer Relationship Management (e-CRM)
as part
of my hotel's 2008 strategic objectives and develop programs and action
steps to address all main e-CRM aspects: knowing your customer, customer
service in this interactive age, personalization, one-to-one eMarketing, and
building customer loyalty. I will continue building interactive
relationships with my customers. In this new online environment I don't just
want to provide great service to my guests, I want to "own" the customer
throughout the travel planning and decision making cycle and not allow the
third-party online intermediaries to own my customers. I will focus on
building customer loyalty via reward programs and other eCRM initiatives,
via product differentiation (offering unique value proposition;
de-commoditization of the hotel product), and via customer differentiation
(know your customer, personalization, reward programs).
I will make it my mission this year to build mutually beneficial interactive
relationships with my customers in order to increase repeat business, boost
revenues, and retain loyalty.
iBooking Hotel captures and
stores every interaction with your customer. Booking details and customer
details are stored in your unique secure database available at any time for
import into your own database or electronic marketing tools. You can even
email customers in bulk direct from your iBooking Hotel back office.
9.
I will make it my mission in 2008 to implement state-of-the-art Website
Analytics and Campaign Tracking Functionality on my hotel's website. I
understand how important it is to track real time ROIs from website and
Internet marketing campaigns, and educate myself on what works and what does
not. I will no longer accept basic or "free" analytical tools that do not
provide me with the full picture of traffic-conversions-pathing behavior, or
analytical tools that do not tell me how and why people find my website and
book, as well as origins and demographics of visitors and bookers. I will
know exactly which Internet marketing campaigns—search marketing, email
marketing, display advertising, strategic linking, etc., produce bookings
and revenues and at what ROI.
I will demand from my Internet marketing vendor 24/7 access to such a
state-of -the-art analytical tool, and it must be the leading industry tool
used by the major hotel brands and industry players. I will demand my hotel
website booking engine vendor supports such a website analytical tool. And
if my current vendors cannot accommodate my hotel, I will replace them in a
heartbeat. For my franchised hotel, I will demand 24/7 access to the
analytical tool my hotel brand is using, and will seriously re-consider my
future brand affiliations in case my current brand cannot provide me with
access to real-time analytical data.
iBooking Hotel includes easy to
use tracking tools that allow you to monitor exactly where your bookings are
coming from. Track paid sources such as Google Adwords, or create
partnerships where you can allocate a percentage of the booking revenue to
an agency or online partner.
10.
I will become a Smarter Internet Marketer in 2008. I will devote attention
to professional development in Internet marketing for myself and my hotel
staff. I will no longer be kept in the dark by outside vendors or misled by
self-proclaimed Internet marketing gurus. I will stop working with Internet
marketing vendors that do not care about my professional development or hide
online marketing best practices and insights from me and my staff. I like to
have a crystal-clear understanding of what are the best practices and latest
trends in Internet marketing in hospitality. What works and what doesn't and
why. I recognize I don't have all the answers and that there are thought
leaders and other proven professionals who can help me and my company stay
competitive in this highly dynamic online travel marketplace and generate
the highest ROIs.
I will work with Internet marketing experts to disseminate eKnowledge and
best practices, making my team stakeholders in the corporate Internet
marketing efforts. I will hire experts who can teach me and my staff best
practices and keep us apprised of the latest trends. These Internet
marketing practitioners will provide crucial professional development as
well as guide our direct Internet marketing strategies, online brand
building strategies, e-CRM, website re-design and optimization, search and
email marketing, and Web 2.0 initiatives.
From this day forward I will be in control. I will seek advice from an
experienced Internet marketing hospitality consultancy to help me navigate
the Internet and utilize the Direct Online Channel to its fullest potential.
As I prepare for the year ahead, I will work with an experienced,
strategy-oriented, ROI-centric and accountable hospitality Internet
marketing firm, keeping in mind that my hotel website is my most
cost-effective revenue channel.
Note: Mariana Mechoso, Manager eMarketing Services at HeBS, also contributed
to this article.
iBooking Hotel provides you the easiest possible way to enable online
booking directly from the hotel web site. Contact us today for a free
trial or an informal discussion on how we can help you become a Smart
Hospitality Marketer.
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By the end of 2010, over 45% of all hotel bookings will be completed
online (Merrill Lynch). Are hoteliers taking full advantage of this dramatic
channel shift?
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