RM MAGAZINE issue 7 RM MAGAZINE issue 7 2018 | Page 38

F E AT U R E A R T I C L E Key Takeaways & Recommendations • Metasearch can help you drive more traffic to your website. Metasearch is to become the most important advertising channel for hotels. Select the different digital players that are most pertinent to your business according to your sales area and your objectives: mass volume or high return on investment. • The efficiency of your direct booking strategy depends on your price. We have noticed a substantial difference in return on ad spend for hotels that chose to give advantages to direct bookings. Lowering rates for direct bookings is one of the most efficient ways to make metasearch generate substantial direct revenue. We have noticed a return on ad spend by an average of 2.5X. As a general rule of thumb, if one is selling at higher rates on one’s website the results will not be profitable. At rate parity, the results are acceptable, although this lowers the direct booking percentage. • Look for professionals To secure a hotel’s direct bookings or simply to increase revenue across multiple sources, metasearch and digital advertising channels have become mandatory channels for both independent and chains hotels. We recommend hotel groups and chains to create an internal team for campaign management and optimisation. For independent hotels, it would be wise to use an experienced digital agency. • Keep monitoring Metasearch, like all online advertising platforms, is not set-it-and-forget-it platforms. It requires optimisation to ensure that the return-on-ad-spend is kept profitable. Food For Thought The constant change in technology has kept hoteliers on their toes with constant adaptation. Different shifts in digital strategies to maximise direct traffic includes metasearch in the hotel distribution mix. We have witnessed that if digital marketing strategies are handled with experience, paid traffic can represent 30-50% of market share per hotel. This is definitely worth the effort and attention. Metasearch, notably Google Hotel Ads, are strong allies to Independent hotels. This would provide high visibility and conversion as compared to OTAs. Now the question that remains is “How to be connected to Metasearch?“ • Engage with Marketing specialists such as FASTBOOKING Digital team. • Hotels can benefit by partnering with Specialist who works incessantly to improve the efficiency of advertising platforms. They have the expertise 38 Better Revenue I Better Industry I APAC I www.revenuemanagement.com.au to manage and optimise the campaigns to provide maximum returns on investment. This is shown in our current survey where professionals manage the digital campaigns, the cost per click is decreased for either a higher or similar return on ad spend. Hotel distribution is not going to get simplier; it would require a constant shift of strategies and adaption. Mobile, new technologies such as chatbots, etc. will continue to transform the digital landscape. But this also mean new opportunities and improved performance possibilities for hoteliers that embrace these new trends and technology. Get the full infographics on Metasearch here Want to make the best out of Metasearch? Click here and discover our dedicated solutions ABOUT FASTBOOKING FASTBOOKING offers leading edge e-commerce solutions for hotels to boost their direct sales strategy. Our solutions are based on a cutting-edge cloud platform and our proven expertise in digital marketing enabling hotels to increase brand visibility and promote online sales through online and mobile channels. Our local experts offer daily support to hoteliers, in more than 100 countries, to help them leverage our solutions and retain their independence. Founded in 2000, FASTBOOKING is a specialist for digital solutions dedicated to independent hotels and regional chains. www.fastbooking.com