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New
Research from Rocket Fuel Gives Travel Advertisers a New Path
to
Increase Bookings Revenue and Decrease Advertising Waste
|
Study Gives
DMOs and OTAs New Ways to Collaborate;
Finds Consumers
55% More Likely to Book a Trip, and Spend 41% More
|
Redwood
City, CA – October 2014 / Newsmaker Alert / Rocket
Fuel (NASDAQ:FUEL), a leading provider of artificial intelligence (AI)
advertising and marketing solutions for global agencies and brands, announces
the release of its Digital Tourism & Travel Study for destination-marketing
organizations (DMOs) and travel advertisers, including online travel agencies
(OTAs), airline, and hotel advertisers. The results demonstrate Rocket
Fuel’s ability to measure and optimize travel campaign success by establishing
real bookings data as a campaign KPI, and they show a win-win benefit from
consumer exposure to the ads of destination marketers and travel advertisers.
“Rocket
Fuel is redefining success metrics for DMOs and travel advertisers; for
destination advertisers this means a view into real bookings metrics, as
well as detailed conversion and exposure data, as opposed to less direct
measures including site traffic, requests for information, or ad interaction,”
said Chris Lorenzoni,
Director of Category Strategy at Rocket Fuel. “We’re excited to share the
findings of our travel study, which demonstrates our superior ability to
measure and optimize for meaningful campaign success for DMO and travel
advertisers.”
Key
findings of the study include:
DMO
Ad Exposure Leads to 55% Bookings Increase
Consumers
exposed to tourism advertising are 55% more likely to book travel to the
advertised destination than consumers who don’t see the ads. Rocket Fuel
also offers detailed insights, including booking amounts and, in the right
circumstances, length of trip.
DMO
Ad Exposure Correlates with 41% Higher Consumer Spend, 81% Longer Travel
Stays
Consumers
exposed to tourism advertising book trips that are 81% longer on average
(4.5 days vs. 2.5 days) to the target destination, and spend an average
of 41% more money on their bookings. Longer stays mean more money spent
at the target destination.
147%
More Likely to Convert with Multiple Exposure Points
Higher
conversion rates evidence the symbiotic relationship between tourism/destination
advertising and hotel/OTA/airline ads, enabling a win-win across the travel
ecosystem. Rocket Fuel can examine data from its OTA and travel advertiser
partners and identify whether consumers who converted were exposed to DMO
advertising prior to booking.
New
KPI for DMOs Based on Conversion, Full View of Consumer Path to Purchase
The
ability to follow consumers’ exposure to DMO advertising through to conversion
is a powerful new KPI for DMOs. Rocket Fuel can examine data from its OTA
and travel advertiser partners and identify whether consumers who converted
were exposed to DMO advertising prior to booking. Rocket Fuel can also
provide insight related to how much was spent on the booking and, in the
right circumstances, length of trip.
On
average, consumers convert on travel campaigns 3.1 days after their first
exposure (impression) to the campaign. This is shorter for airline initiatives
(2.1 days) and longer for hotel and lodging campaigns (4.2 days).
Findings
were based on a review of sample data from travel advertisers partnering
with Rocket Fuel from April – July 2014, focusing on a mix of large destination
advertisers.
For
more information and to review the full report, please visit www.rocketfuel.com/blog/q4-2014-digital-tourism-travel-the-link-between-destination-travel-ads-and-otas.
Join
Rocket Fuel on October 30, 2014 at 10:30 a.m. PDT for the new travel focused
webinar, info.rocketfuel.com/20141030-Travel-Webinar_Register-for-Webinar.html.
The webinar will also be available on demand as of October 31, 2014.
About
Rocket Fuel
Rocket
Fuel delivers a leading programmatic media-buying platform at Big Data
scale that harnesses the power of artificial intelligence (AI) to improve
marketing ROI in digital media across web, mobile, video, and social channels.
Rocket Fuel powers digital advertising and marketing programs globally
for customers in North America, Europe, and APAC. Customers trust Rocket
Fuel’s Advertising That Learns® platform to achieve brand and direct-response
objectives in diverse industries from luxury cars to financial services
to retail. Rocket Fuel currently operates in more than 20 offices worldwide
and trades on the NASDAQ Global Select Market under the ticker symbol “FUEL.”
For more information, please visit www.rocketfuel.com
or call 888-717-8873.
Contact:
Rocket
Fuel
Kenya
Hayes
650-481-6178 |