The world for hotel owners can be quite tricky. There are days where you feel like you don’t even have a moment to breathe. You know that the positive aspects of being in the hotel business are worth it, but sometimes it feels like a futile effort. You put one fire out, and then it’s on to the next one.
This issue comes up a lot when you are allocating hotel marketing dollars. It is one of the simplest and most difficult things that you are tasked with doing. You know that you need to market your hotel, but you aren’t sure about which of the many options are right for you. This is where hotel marketing attribution comes into play. Marketing attribution analysis will help you see where your traffic is coming from, and if it is of the quality that you are looking for.
Once you have this information, you can begin to decide how much value you place on all of the activities that go on in your digital space. This is where attribution models come into play.
An attribution model lets you choose how much credit a customer’s click/website visit will receive towards your goal. When a customer is looking to book a room at your hotel, they’ll likely do quite a few searches and look at many different kinds of advertisements before settling on the right one.
Since all of your digital marketing efforts worked together, you need to factor that into your overall marketing value. Some channels work best to get your name out there, such as social. If you are only looking at last-click attribution, it might not seem like a valuable marketing tool for you. If you dive deeper into the data, you will see that it plays a huge role in exposing your business to potential customers. Once you know where each of your marketing efforts lies, you can tailor them in a way that will increase their effectiveness in the marketing funnel.
Most hotels are measuring how well they are doing by using the “last click” method. Meaning, they will assign all of the credit to the last-clicked paid ad, organic keyword, or social post as being responsible for the conversion. This means that many hotels are completely ignoring all of the other clicks a customer could have possibly done while making their purchase decision.
Marketing attribution theory is a trendy conversation piece. It has become crucial for hotel marketers because it can allow them to create the very best version of their ads for better ratings among customers. It will take a lot of time to create the very best attribution model for your hotel, but it can be done.
Marketing attribution can quickly stop being helpful if it is used in the wrong way. Here are the three biggest mistakes someone can make when trying to use hotel marketing attribution models.
Here is a quick way to get started:
Hotel attribution is much more complicated than that, but this is a good start. It will get you to focus on what it is that is important to your business. Once you have this information down, you can begin to look for services that meet your particular needs. If you find that social converts well, then you could start looking for an agency that can manage the social media for your hotel. The same can be said of paid search, print marketing, or SEO. Knowing about attribution can help you make the right decisions for your hotel going forward.