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Thursday, 20 November 2014

Why travel companies need integrated CRM marketing?

11/20/2014 12:46:00 pm

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This article will focus on the need of an integrated CRM marketing strategy is important for brands aiming at potential vacationers. It will tell you how to turn leads into bookings.

It does not make a difference, if you refer to them as ‘guests’ or ‘visitors’ or ‘passengers’, the travel domain puts forth unique set of challenges for the CRM vendors. Stiff competition for the vacation dollars along with the considered nature of the travel buying can lead to making the job of engaging and also converting the qualified potential clients as a tough job, which is the bad news. But the good news is that a good acquisition, email along with an analytical strategy will prove helpful in profitably pushing the CRM program.

Travel marketing speaks about acquiring and also nurturing relationships with the travel enthusiasts and also making their dream vacation into reality.

- Finding the right set of clients and widening the net
In comparison to traditional audience segmentation models utilized in the other industry verticals, travel decisions are usually taken in a wider context that comprises of influencers like friends, family, colleagues, travel agents, reviewers, bloggers, etc. By stressing on the database recruitment and marketing initiatives on particular audience segments like ‘married with kids in household’ or ‘retirees’, opportunities are being missed to touch base with wider circle of influence.

For instance, the inter-generational travel trend continues to go up as travel-hungry boomers retire, hence a ‘retiree’ data record can be created to finding them as a grandparent which multiplies the messaging and conversion opportunities. It can be referred to as ‘family’ booking.

- Developing an ‘always on’ CRM acquisition strategy
A well-developed acquisition strategy consistently finds and also qualifies potential clients by using and also integrating different kinds of digital advertising tactics consisting programmatic display, social, search, email, mobile, co-registration and varied other media tactics. The key to success is not to rely on any particular media tactic but instead focusing on a digital mix for quantifiable engagement metrics like hard booking details to develop and also grow your database.

It is a better idea to budget particularly to budget mainly for direct response (DR) digital and direct media campaigns apart from evaluating results separately from branding initiatives to ensure you are able to measure the success of acquisition efforts.

- Treating the potential clients as guests
A service provider should always have a personalized welcome series in place when new clients com onboard. It is important to collect ample information about your potential clients such as their likes/dislikes with the aim to manage message frequency, sent content and also the interest driven offers.

As the name suggests, CRM focuses on managing relationships so treat your clients like the guest you want them to be.

- Test often 
In the starting period, companies should be encouraged to periodically test the new audience segments and also the media channels instead of performing multivariate testing between varied ad creative and the registration land page treatments.

- Consistently measuring and analyzing data 
Big data has the potential to offer necessary insights so making use of proprietary and third party data to develop cluster profiles or client personas permits for smarter prospecting, aiming along with retargeting of the database contacts. l

Similar to well-oiled gears in a machine, a good CRM program makes use of data, leanings and also the insights to buy, engage and also converting the potentials into long term brand advocates. For the marketing professional in the travel and tourism domain, treating the potential clients as guests can enhance the business opportunities.

The article is also available at http://www.basearticles.com/Article/32534/Why-travel-companies-need-integrated-CRM-marketing.html

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