All content can be found at https://www.hospitalitydigitalmarketing.com/rocet
The New DORM - The “M” Now Stands for Marketing
As a Director of Revenue Management, you may currently, or will be in the near future, not only be responsible for revenue management, but increased engagement in digital marketing and its social media to achieve your goals. Becoming one in the process.This interactive presentation will give you the insights and tools you need to monetize all things digital for your property. It will dive into the data and its resources from deep within digital marketing for the first time in the terms and processes familiar to revenue management. It will include real world strategies in the use of combining this data with existing revenue models. Also included are new insights on social data, its use and tactics as it relates to Facebook, Twitter, Instagram, Linkedin and more from this new combined perspective. Never to be missed is the introduction of new technologies that are profoundly changing our business models such as MetaSearch, Real Time Data Marketing, programmatic verses re-targeting, API’s Bot’s and AI. It’s going to be a firehose of fast paced dialog all to help define the 'real' revenue management world through the perspective of the new DORM.
HSMAI Rocet Presentation Oct 24th 2016 in Vancouver BC by Loren Gray
1.
2. CHRM The M is For Marketing
Sales Revenue Marketing
2
@LorenGray
3. Let’s Start From The Beginning….
Sales Revenue Marketing
What are we trying to do
4. Today is not about the ‘How to’ it’s
about the ‘What can’ we do…
To learn the tools and data available
To find the value in embracing marketing in your day
to day revenue operations… no really
To combine Sales, Revenue & Marketing into one
mind
Sales Revenue MarketingTo prepare for 2017 in a realistic way
5. Lets Get Warmed Up
Open your iPhone’s “Settings” menu, select
“Privacy”, then “Location Services”, then scroll all
the way down to “System Services”.
In System Services scroll all the way down to the
bottom, press “Frequent Locations” and look at the
“History” section. Click on one of the area names to
see where you’ve been.
Sales Revenue Marketing
6. Problem #1
Sales Revenue Marketing
We’re not really in touch with our
guests….
8. Problem #2
Sales Revenue Marketing
No differentiation in the Marketplace
9. No distinction creates…
What you see in the OTA’s
Same pool, same beds, even the same rates
No control over your hotels presentation, its story
Sales Revenue Marketing
Makes you a commodity, or at least seen as such
11. Clarity,
No clear message, no clear value for a guest
No clear message to your team, no clear guest
Who’s responsible, no clear expectation
Sales Revenue Marketing
Doing nothing is still a decision
13. Consistency, conviction & team
If to outsource
What to outsource
Who’s responsible
Sales Revenue Marketing
Doing nothing is still a decision
14. Problem #5
Sales Revenue Marketing
Failure to define a profitable business
model
15. Not getting your story to your guests
Maximize your current resources
Define your real revenue sources
Assign direct responsibility and provide the three “T”s
Sales Revenue Marketing
Measure, adapt – measure, adapt - measure, adapt
16. How do we make our story?
Sales Revenue Marketing
Change how your telling it
17. Sales Revenue Marketing
This is how we define our guests
18. This is how most see the ‘cycle’ of our
guests
Aquisition
Pre-stay
Engagement – (Stay)
Sales Revenue Marketing
Post stay
19. Sales Revenue Marketing
Timing is as important as content
20. The new story starts with dispelling
these…
We’re not really in touch with our guests….
No differentiation in the marketplace
Failure to communicate
Sales Revenue Marketing
Leadership breakdown
Failure to define a profitable business model
21. Sales Revenue Marketing
Digital Strategy – Guest Acquisition – The Really Short
Version
Stay Date
Research Date(s)
Timeline
Prime Booking WindowResearch Period LOS
January February March
Departure Date
23. Sales Revenue Marketing
In ten days
31 new memberships
Costing $1,248
Total Revenue -- $201,500
Group dropped 14
days out for entire
weekend (62% of
Occ)
• Took arrivals list and made a
custom audience
• Took last years in-house list
same time made a custom
audience
• Made a custom audience based
on a radius of 150 miles (drive
market)
• Put all three together for an ad
featuring those specific dates,
(making the arrivals list a
negative)
Membership and Short Term Replacement
24. Sales Revenue Marketing
Stealing Market Share and Driving Local Business
Gender: Female
Age: 24 - 34
Relationship Status: Single
Interest: Live Music
Located: Within a 5-mile radius
Scheduled to Post: Friday @ 5 pm &
9 pm
Meeting Initiative F&B Initiative
25. Daily & Long Term
Strategies
Sales Revenue Marketing
It’s not just about
campaigning…
26. Sales Revenue Marketing
Attribution and Socials Real Value
Path Analysis Report for a Non-Branded hotel
client.
Of all conversions where Social was a part of the
discovery process by the consumer, 75% involved
other channel touchpoints (social probably
doesn’t get enough credit for driving bookings
that they do).
Organic Search (and to a lesser degree Paid
Search) were integral parts of that journey.
Again, another reason why a unified content
strategy will provide these people with a better
user experience that will improve engagement
and bookings – and through that should improve
rankings.
Social Engagement Does Not Occur In A Bubble
27. Sales Revenue Marketing
Value is more than just the one effort
Giving content a more permanent home on an independent site page or brand.com or
on blog (or YouTube) means that the content can continue to provide engagement long
after the initial post.
Admittedly a challenge to find the best content formats to do this with Brand sites.
437 Sessions
from
Facebook
28. Now for some
REALLY cool stuff…
Sales Revenue Marketing
To combine Sales, Revenue &
Marketing into one mind
29. Sales Revenue Marketing
New ways to look at Digital Marketing Data and
Revenue Management Strategies
30. Sales Revenue Marketing
Sourcing Data to Define Strategies with GTM
31. Sales Revenue Marketing
Merging Social, Analytics and Emails to Sales
32. Sales Revenue Marketing
Isolating under performing opportunities
33. Four Statements
Websites will be a thing of the past
The Search Box will go away
“A.I.” will control your marketing
Sales Revenue Marketing
Video will become your only voice
36. Bots & API’s
Bots, bots and bots… what’s a ‘BOT’
Google & Apple --- UNLOCKED!!
Amazon Echo – From 16 to 2600
Sales Revenue Marketing
Microsoft – first to be in ONE MILLION Cars
44. We’re talking to Inanimate Objects
“Google Assistant” – the new ‘Google Now’
“Alexa” -- Amazon Echo
“Siri” – OS10 and now on Mac & Wireless ‘smart ear-
buds’
Sales Revenue Marketing
“Cortana” – Microsoft …everywhere
46. Some Questions
Sales Revenue Marketing
Take out your phones and
text to ’22333’ the word
‘lorengray’
47.
48.
49.
50.
51.
52. Do You Know What These Are?
Chevrons – Feature spots on TripAdvisor
Hotel Finder – Googles Hotel Product
“3 Pack”– SERP results box on Google
Sales Revenue Marketing
Price parity and reviews matrix – Conditions used to
calculate CPC and ad placement
Google Local “Knowledge Graph”- Right Hand results
53. Sales Revenue Marketing
Where’s
Brand.com?
The locations That Count
56. Sales Revenue Marketing
Urgency Messaging
“x rooms left”
option
Real Time Prices
Based on dates of
travel
Promotion Messaging
Property
Multi-property
option available
Brand Logo
Stars
Destination Messaging
Dynamic Creative Template for a Real Time Bidding Display Ad
Membership Link
Facebook Brings DAT Mainstream
57. Sales Revenue Marketing
“Facebook wants to become a stronger player
for driving trip inspiration and travel
bookings, particularly direct bookings.”
— Dan Peltier
With U.S. travelers spending 20 percent of
their time on mobile on either the Facebook
or Instagram apps, Facebook’s new Dynamic
Ads for Travel product is designed specifically
for hospitality and other travel brands to help
them retarget consumers browsing those
apps and other web sites for travel ideas and
inspiration –Skift Sept 26th 2016
Facebook Lives in Mobile
Have a good and happy life
Forbes says it has the five reasons businesses fail….
You seem like everyone else.
You seem like everyone else.
This stands to the staff as well
This stands to the staff as well
The execs must have gone to a conference story….
The measure adapt is the never ending story
Stop doing this
The measure adapt is the never ending story
Take a total of followers in the room
Tally it up and show the power of who you already have
Go through some examples of the types of filters in facebook
Geofencing
Proximity targeting
Banjo
How to turn on even targeting of posts
Who has access to there FB pages
Why is social good for brand hotels – last unregulated place for them to put timely content up online
Will have all this content online to share
Don’t blitz anymore
Three types of data in a radius local / visitor / traveler take business out of your competitor.
Geofedia – calgary example
Twitter triggers for responses or unhappy guests at your competitors
Gravy targeting concert goes passing by your venue
Beacons
Messenger tools to push notify
This is a way for branded and non branded to help themselves
Google data studio in there new 360 program it used to be called
Magneto and the bridge being built right in front of him
The opening of ‘Bots’ — Google / Apple / Amazon / Microsoft — why is this important? it allows developers to now use the voice commands of Google now / Siri / Alexa / Cortana — googles new assistant / SIRI coming to your computer / Echo / and the internet of things coming to you home and cars….
Philly has the first Uber automous cars why is there a person behind the wheel? Whay are all the auto makers racing to build fleets of automous cars”?
Henry ford said if he asked his future customers what they wanted they would have said faster horses
Voice and inanimate objects
For now we have…
For now we have…
Next we’ll have VIV ----- start at 2:10
Gboard –
Apple & -- wireless ear buds
A "Chevron"
https://www.polleverywhere.com/multiple_choice_polls/n3FgdceK9uLI8HD
A "3 Pack"
https://www.polleverywhere.com/multiple_choice_polls/K7lkYFsI7soVcoc
MetaSearch
Cindy Estes just published an article on the growth and hidden value of MetaSearch
http://hotelmarketing.com/index.php/content/article/the_rise_of_metasearch_and_its_effect_on_hotel_distribution
https://get.google.com/trips/
http://marketingland.com/google-cross-device-remarketing-launches-192819
REMEMBER TO HIT THE “PLAY” ON THE PLAY BAR AT THE BOTTOM LEFT OF THE SCREEN (USE MOUSE)
Remember watson? Meet Lucy
Be careful of automation you become to reliant on it and forget how to do the work yourself
How many still know how to perform a displacement analysis?
Think of the price gouging report in florida, that was automated rev tools modifying price….. Got a lot of people in a lot of trouble
100 million hours of video are being loaded onto Facebook everyday,
600 million for YouTube
3/4 of all video views are mobile over a billion active users a day on Facebook
Cisco says 75% of all mobile traffic will be video by 2020
20 minutes a day on Facebook
Facebook.com/map its almost its own TV station example Hurricane Mathew
100 million hours of video are being loaded onto Facebook everyday,
600 million for YouTube
3/4 of all video views are mobile over a billion active users a day on Facebook
Cisco says 75% of all mobile traffic will be video by 2020
20 minutes a day on Facebook
facebook.com/livemap screen shot
Sony’s new VR game just out
Give example of AUS and the 360 campaign
Show the real fly 360
Give example of AUS and the 360 campaign
Facebook.com/map its almost its own TV station example Hurricane Mathew
100 million hours of video are being loaded onto Facebook everyday,
600 million for YouTube
3/4 of all video views are mobile over a billion active users a day on Facebook
Cisco says 75% of all mobile traffic will be video by 2020
20 minutes a day on Facebook
facebook.com/livemap screen shot