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1 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Actionable UGC Analytics
A Case Study Focusing On The Right Metrics in a Sea of Social Data
Presented by: Jack Feuer,
President, DMW @DigiMktgWorks
2 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
About DMW
• 11th year as boutique consultancy and performance media agency
• Insights & solutions that maximize profits through digital channels
• Exclusive digital advisor to Blackstone Real Estate Advisors
• Trusted third party that “sees forest through the trees”
• Proprietary methodologies, frameworks, best practices
• DNA is measurable results & accountability
• Focus on Travel & Hospitality
3 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Turning Disruption Into Opportunity
Channels & Services Devices & Platforms
4 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
“Can Social Media Sell Soap?”
• Unlike other industries, hospitality has quantifiable data for Social and UGC: Guest Reviews
• Leverage Reviews to drive better customer experiences, higher demand and more profits
“In a server farm packed with social data, it’s hard to
know what to count.”
http://www.nytimes.com/2013/01/06/opinion/sunday/can-social-media-sell-soap.html
5 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Fact: Guest Reviews Affect RevPar
5
Correlation of 1% Improvement in Review Index to RevPar Index
Factors in hotel selection
6 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Standing Out from the Crowd: The London NYC Hotel
• 4-Star Hotel in Midtown NYC • No Brand Affiliation • No Rewards Program
• January 2011: “Review Optimization Program” • Improved online reputation KPIs • #1 for RevPar in 2012 • Awarded “Hotel of The Year 2012” by Revinate • Institutional Investor's “America’s Best Hotel in 2012”
7 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
8 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Metrics That Matter: Compset Index
• Performance of your hotel in the context of the competition
• Measure Quality and Quantity
9 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Increased Quantity of Reviews
• Our guests love us (great quality scores)
• Poor job in sharing the news (quantity scores)
• Developed strategies that improved scores for “Total Reviews”
• Improved scores from baseline of 55 to 114 by end of Q4 2012
10 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Improved Quality of Reviews
Better Overall Quality vs. Compset
11 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Improved TripAdvisor Popularity Index
Moved up from #51 to #37 in the extremely
competitive NYC market (434 hotels)
Occurred as a result of improving our Overall Rating,
Review Pace, and Total review scores
12 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
First Place in RevPAR for 2012!
• Per Smith Travel, #1 in RevPAR (vs. compset) for 2012.
• Captured the #1 Annual position for the first time in the history of the hotel.
13 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
How We Did It
The London NYC totally crushed it by… • Selecting meaningful metrics that define
success for online reputation • Deploying strategies to improve those
numbers • Increased demand for hotel with
improved social metrics • Drove ADR up into the demand curve
while increasing occupancy
This is the exact effect described by that recent Cornell study, BTW
14 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
References
• Guest Review Optimization Drives Hotel Market Share – DMW Industry Analysis (blog.DigitalMarketingWorks.com) – http://goo.gl/Pp0TW
• Best Practices: Optimizing Online Reputation & Reviews – DMW Industry Analysis (blog.DigitalMarketingWorks.com) – http://goo.gl/ia4Ep
• “The Impact of Social Media on Lodging Performance” – By Chris K. Anderson, Ph.D. – The Center for Hospitality
Research at Cornell University – http://goo.gl/7ZI3o
15 © 2013 Digital Marketing Works, LLC. All rights reserved. Confidential.
Thank You.
@DigiMktgWorks