MediaPost – Is Your Marketing Strategy Rooted in FOMO? It Shouldn’t Be?

With changes in technology and capabilities evolving on what feels like a daily basis, it can be easy for you, as a marketer, to feel overwhelmed, behind, and concerned. You’ll ask yourself: Am I doing what’s best for my brand? Is my strategy outdated? Are my competitors’ strategies better?

With the influx of marketing trends and intelligence tools, we are entering what feels like the early social media age in digital. This means there’s a lot of comparison and self-doubt when flashy tactics gain more attention from onlookers. This leads to marketers chasing after the shiniest new trend without direction on how it will affect their business goals.

If this is you, it’s time to look in the mirror and ask: “Is my marketing strategy sound? Or am I experiencing FOMO?”

MediaPost – Why You’re Failing if You’re Not Testing Cookieless Solutions Now

The “cookieless future” has been much-discussed during the last few years, with plenty of opinions coming from marketers (like myself). However, the vast majority are not prepared to take action.

It can be easy to fall into the trap of feeling that there’s plenty of time, especially with the just-made announcement that Google’s new target date for blocking third-party cookies has been delayed until 2024.

Sure, there’s always the possibility Google could delay once again, but the reality is inevitable. There will be a day when cookie-based targeting and tracking will be gone. Inaction today will result in failure in the future.

Here are three key ways marketers can set themselves and their brands up for success with the upcoming changes…

MediaPost – Return on Insights: The New ROI in Digital Marketing

It’s time to redefine ROI as a way of remaining diligent in evaluating what’s working and what isn’t over time, because creating a highly profitable campaign takes time. Instead of thinking of ROI as return on investment, view ROI as a return on insight. Insights allow you to understand how media touchpoints are resulting affecting business outcomes and measuring the data points that matter at every step of the consumer journey.

So what steps do you need to take to build sustainable accountability into your marketing strategy?

MediaPost – Digital Is Not (And Never Was) an Easy Button

In a cookieless world, the easy button is dead.

Long before acronyms like GDPR and CCPA, brands turned to the broad reach of ad networks and Facebook’s ever-knowing, ever-changing algorithm. Many gave it a blank check, seduced by the reach, click-through rates, and amassed conversions brought on by Wild, Wild West retargeting approaches.  Brand safety wasn’t discussed.

This mentality fed right into the programmatic narrative: Learn as you go, let the data make the decision.  Media planners, especially those who weren’t digital natives, were intrigued by the ease of it all.  Innovation meant testing new programmatic vendors against one another.  Success was measured by whatever metric was the easiest to track and achieve.  The battle for last click and last impression attribution was in full force, customer experience be damned.

However, savvy programmatic practitioners have always understood there was no easy button.

So where do we go from here?

Travel and Tourism Marketing: The Digital Guide

The travel and tourism marketing is rebounding as the industry surges above pre-pandemic levels.

Are you taking advantage of it?

This digital guide to travel marketing gives you everything you need to know before launching a campaign. 

How to Succeed at Travel and Tourism Marketing

Travel books and printed pamphlets are a thing of the past. Now, it’s time to lead with digital tactics.

Today’s travelers are finding inspiration for trips on digital channels. Younger travelers in particular are taking this a step further by shifting to mobile devices over desktop, looking to the brand’s website or Instagram to get a sense of what they can expect. 

To reach the modern traveler, brands need to create a seamless experience across digital channels from awareness to check out/visit.

You’ll also need to create a strategic, customized approach to target your optimal audience on the most impactful channels.

Your Guide to Success

Download this guide to learn how to:

  • Leverage the latest travel and tourism marketing trends
  • Create the optimal media mix for your brand with the most impactful channels
  • Implement cookieless solutions to reach your target audience
  • Measure the ROI from omnichannel travel marketing campaigns

Ready to take off?

View and download the guide below!

The Return of Travel and Tourism Marketing

After the tumultuous years of the pandemic, travel and tourism is finally experiencing a surge in demand. Travel digital marketing spend dipped 51% in 2021 but is now growing by 14.2% in 2022. An additional 12.1% increase is expected in 2023, according to eMarketer

Pathmatics Travel and Tourism Marketing Spend Data

What do travel and tourism marketers need to do to prepare for this opportunity?

Lead With Digital Tactics

Travel books and printed pamphlets are a thing of the past. Today’s travelers are finding inspiration for trips on digital channels. Younger travelers in particular are taking this a step further by shifting to mobile devices over desktop, looking to the brand’s website or Instagram to get a sense of what they can expect. 

As the saying goes, “not all who wander are lost.” Allow yourself to experiment, becoming smarter by letting continuous learning guide your marketing strategy. The best way to do that is to start with digital, where flexibility and agility allow for quick learnings and pivots.

Digital marketing is the perfect petri dish to test out tactics and creatives before making a major investment. For example, you can run a short-form video ad on social media and identify which creative is performing best. Then, use those creative learnings to inform a more premium CTV placement or Cable TV buy with an added layer of confidence.

Is your travel brand ready for a digital-first marketing strategy?

Here’s your digital housekeeping checklist to prime your digital travel and tourism marketing for success:

High Impact Travel and Tourism Marketing Channels 

When choosing travel marketing channels, consider these four aspects: 

  1. Budget: If budget is limited, maximize spend on fewer channels. If you have more dollars, consider diversifying, testing something new or incorporating premium placements. 
  2. Audience: Identify where your audience is most active and receptive to advertising. 
  3. Customer Journey: Understand how your customers behave, and shape your advertising around their decision making process. 
  4. Storytelling: Include highly visual channels that allow storytelling to tap into their emotions. 

To keep pace with digital-first users, prioritize your digital marketing efforts on these key digital channels: 

Facebook

  • According to Pathmatics data, Facebook is the leading social media channel for Travel/Tourism ad spend. Explore various ad formats to help lead your traveler down the funnel, such as Facebook Lead Ads. Tailor educational resources to unique audience groups to establish trust and consideration. 

Endemic Travel Sites

  • Travel blogs and sites are highly valuable for travel brands. 59% of families use travel websites to plan vacations. Another 13.5% of leisure travelers use travel blogs to plan trips. Use these sites establish brand awareness and trustworthiness among potential travelers. 

User-Generated Content 

  • UGC is used by 58.2% of travelers for planning leisure travel. Word of mouth is, and always will be, the most impactful form of marketing. Encourage customers to leave quality reviews on your site or other travel pages to boost your brand status. In addition, encourage users to create content FOR you. 

Paid Search

  • Speed and agility are crucial for travel brands. You need to appear as a top option for during the research and discovery process. Optimize a combination of branded, unbranded and competitive paid search terms. This will help you show up for relevant, high value queries.

Twitter

  • Twitter is especially effective for targeting luxury and business travelers on a platform where users are highly engaged, especially surrounding news and business. To expand your targeting pool, use the platform’s AI to find follower lookalikes from competitor brands.

Online Video 

  • While a picture is worth a thousand words, a video is priceless. Online video placements across YouTube and Display allow brands to tell a rich, visual story. YouTube offers various travel category targeting options such as Business Travel, Family Travel, and Frequent Travel. You can also layer these with geo targeting to narrow in on your core audience. 

Connected TV

  • Connected TV amplifies online video by placing it on the largest screen in the household. It’s one of the most impactful visual mediums travel brands can use, while offering more flexibility and addressability than linear TV. CTV ads are a great option to reach family travelers or promote kid-friendly destinations. 

Influencer

Instagram

  • Instagram is a go-to source of inspiration for Millennial and Gen-Z travelers. Travel brands can build community by interacting with users through various formats – reels, stories, and posts. Use post comments, story polls, and Q&As to start a conversation with interested travelers. Avoid being overly curated and don’t be afraid to use trending phrases, sounds or hashtags. 

Pinterest

  • Travel engagement on Pinterest is at an all time high with travel-related searches increasing by over 60%. Pinterest is primed for planning and purchasing, and can facilitate real bookings. This platform is a great place to hone in on ‘Travel’ and ‘Foodie’ audiences. 

TikTok

  • No other social platform enables the potential virality or mass reach as TikTok. Users spend an average of 52 minutes per day on the app, and 90% of TikTok users use the app multiple times daily. Although TikTok has a strong younger presence, 51% of users are now 30+. The app is growing in popularity amongst millennials with disposable income for travel. DisneyParks has over 4M followers on TikTok and Delta Airlines gained nearly 19.5M views in the initial 36 hours of their first TikTok campaign.

Retail Media

  • Activating first-party shopper audiences through retail media networks is a great way to reach travelers. For example, the Marriott Media Network uses search and reservation data to serve relevant ads to consumers.  

DOOH

  • Digital out of home spend is soaring as people are traveling again. Screens in airports, inflight video, taxi cabs, bus stations, billboards near attractions, and more can place your brand in front of traveling audiences. DOOH is a great tactic to educate users once they are at a destination. 

Local Partnerships

  • 78% of survey respondents want to support local small businesses when they travel. State and city tourism brands can leverage this trend by partnering with local artists, chefs or businesses. Thise partnerships can drive travel consideration and boost awareness for both parties. Consider unique creative options like how-to videos, downloadable guides, or co-branded social posts about the partnership. 

Ad Targeting for Travel and Tourism Audiences

It’s important that you don’t create a one-size-fits-all approach when marketing to future tourists. Consider who your existing traveler base is, and identify attributes to qualify other individuals in your prospecting audience. From there, tailor messaging to drive education and consideration. 

Are they solo travelers seeking adventure? Young families looking for a cost effective, kid-friendly trip? Foodies wanting luxurious and avant garde dining experiences? Create profiles to understand these individuals from a 360-degree perspective. Build as many personas as makes sense for your brand. 

Personalize Messaging 

Next, personalize your messaging to meet their unique motivations, behaviors and interests. Speak to each group differently and adjust visuals to resonate with their interests. If you’re looking to reach the adventure seeker, show fun activities like zip lining, hiking, concerts, etc. If you’re speaking to the budget-friendly family, showcase the value of the experiences you offer, without a major bill.

Reach Your Travelers Throughout Their Journey

To reach today’s consumers, brands need to create a seamless experience across digital channels from awareness to check out/visit. 

An omnichannel strategy is vital to keep a loyalty loop and encompass all phases of the customer journey. Use your marketing mix to show up at key moments in the consumer journey from planning to experiencing. ThinkWithGoogle identified four core micro-moments in the travel process: Dream, Plan, Book, and Experience. 

  • Dream – Spark inspiration and educate during the dreaming phase
  • Plan – Provide helpful information and build trust
  • Book – Offer a compelling value proposition and enable seamless transaction
  • Experience – Ensure the visit is positive and meets expectations. Follow up with post-visit marketing to keep customers engaged. Encourage reviews and social media posts during and after. 

Measuring Travel and Tourism Marketing Campaigns

Create a Data Terminal

It’s easy to get absorbed in the performance of individual channels. However, this causes campaigns to quickly turn from strategic to tactical. Instead, manage your advertising holistically within one dashboard. Doing so allows you to share and optimize performance trends and learnings across tactics. By looking at the data from a macro lens, you can identify important signals and weave a cohesive story. 

Check your unnecessary baggage 

Marketers need to ensure they are looking beyond vanity metrics to identify trends that signal success. It is especially important to synchronize data sets as we prepare for cookie deprecation. Instead of solely looking for direct attribution, explore a variety of business and media metrics over time. This will unveil unique learnings and better show the incremental impact of advertising.

Onboard advanced measurement 

When media metrics do not answer your business questions, layer advanced measurement tactics, on top of traditional media efficiency metrics. These data points will provide a more robust view of marketing’s impact on business goals. 

For tourism brands, foot traffic lift is especially impactful in providing a clear view of how advertising drove incremental increases in visitors.

Refuel with continuous learning

When creating a marketing strategy, it’s critical to fuel ongoing campaign learnings to answer key questions and improve results for future initiatives. 

At Coegi, we combine a measurement strategy and a structured learning agenda. This ensures we are optimizing campaigns toward business goals while also continuously improving. 

Key Takeaways for Travel and Tourism Marketers 

  1. Lead with digital tactics to reach the growing audience of travelers 
  2. Lean into highly visual channels such as social media and online video
  3. Understand your unique audiences and tailor ads to their consumer journey across channels 
  4. Implement a comprehensive measurement strategy to see the impact of your campaigns

For more strategic insights and campaign activation, contact Coegi to set up a meeting with our travel marketing experts. 

The Drum – From Influencers to Creators: Are Content-makers Evolving?

According to some, ‘influencers’ are out and ‘creators’ are in, heralding a shift from glitz and glamour to craft and artisanship. At the same time, regulators are ratcheting pressure on creators. So what does this moment really mean for online creators – and how can brands and conent-makers adapt to the shifting landscape? Coegi VP of Marketing and Innovation, Ryan Green, joins other industry experts in answering this question.

The Drum – What I learned… as a professional poker player, with Coegi’s Ryan Green

Ryan Green is vice-president of marketing and innovation at Coegi. What you won’t necessarily see on his CV is that he spent most of his twenties as a professional (and successful) poker player. The Drum sat down with him to find out what it’s like swapping chips for pitches.

Marketing Insider – Navigating Digital Advertising’s Gray Areas

Advertising has always been riddled with challenges on what’s ethical and what isn’t. This is even more relevant with digital advertising, as powerful data and a complex ecosphere become available to more and more marketers.

Here are three key ethical gray areas to be aware of in digital advertising – and tips for how marketers can navigate them.

The Drum – Keeping the Underdog Mentality: How Brands Can Sustain Success

Challenger brands often succeed thanks to a scrappy, nimble ‘underdog mentality’ – but they can lose that edge as they grow. Coegi’s director of marketing and business strategy, Elise Stieferman, argues that as brands grow into household names, it’s important to keep thinking like an underdog.

The Drum – New Year’s Resolutions for the Marketing Industry

The last few years have each been uniquely transformative for the advertising industry. Many agencies might be hoping for a slightly stabler 2022 – so while individuals are making commitments for the year ahead, what should the industry commit to?

Are there technologies, beliefs or ways of working we should be giving up? Difficult changes we need to make in service of long-term good health? Or any other bitter pills to swallow? The Drum Network caught up with some of its members to find out what they’re planning to prioritize in 2022.

Coegi Partners

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