Travel marketeers losing millions by ignoring data | News | Breaking Travel News

Each year tourism departments in governments, companies and associations spend millions of tax payer dollars on market research and insights relating to the travel and tourism industry. Unfortunately, much of this effort is wasted. Why? Well there are several reasons.

Tourism's Merry Mountain

Tourism’s Merry Mountain (Photo credit: timtak)

First, National Tourism Organisations (NTOs) often do not have the resource to take the market research process one step further and distribute the findings to regional tourism organisations and the local travel industry. Full reports and findings are often lengthy and in a technical language. The reports are often difficult for people who are not marketing specialists.

Such reports, some of them very good indeed, are generally published on NTO websites. And there they sit. Unfortunately, even if they are aware of the research, travel industry marketeers tend not to have the time or the skill set to trawl through the research and extract the gems—the valuable insights. That is a shame because these insights have the potential to transform their tourism business.

The challenge is for hotel, tour operator or destination marketing organisations to get their hands on transformative insights – insights that can increase revenue and visitor numbers. The marketeers need to understand the report’s implications, and then create an effective campaign that is based on real market conditions. Most importantly, they need to incorporate the voice of the customer.

The good news is, strategically useful money-saving data is plentiful. For example, MyTravelResearch recently created a practical report titled “8 Key Insights On China.” The paper was put together by collating publically available reports from entities such as Tourism Australia, Visit Britain, McKinsey, and the Canadian Tourist Commission. We then made the paper available in an easy format that provided actionable insights. Such insights are designed to make marketing campaigns truly effective.

After 50 years collectively in the travel business, it is clear to us at MyTravelResearch that the tourism industry is so time poor that marketing planning and research takes a back seat. As a result, smaller, provincial and upcountry destinations and operators are not armed with the insight and tools that they need to implement strategic and tactical marketing.

When it comes down to it, as an industry, it is our job is to put the voice of the customer – the tourists (remember them?) – into the decision making process. We take pride in the fact that MyTravelResearch.com has been doing that successfully in Australia for many years.

We now have our sights set on Asia Pacific to complement our ongoing Australia campaigns. We’re now in a position to increase your visitation or spend from, for example, Chinese tourists or Indian honeymooners. Or perhaps you want to target the Australian weekend family market. Or bring more association meetings to your resort. It’s all possible. But first, believe us, you should seriously consider outsourcing your market research department.

via Travel marketeers losing millions by ignoring data | News | Breaking Travel News.

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Research “drives travel marketing” | Travel Daily UK

Research “drives travel marketing” | Travel Daily UK

The travel industry leads the way in making marketing decisions based on data and research, according to a new report.

The study of US executives by The Economist’s Intelligence Unit (EIU) with California-based Lyris found 23% of executives used data for product development and to lead their marketing strategy, compared to an 18% average compared to other sectors such as the clothing, automobile, entertainment, media and banking industries.

via Research “drives travel marketing” | Travel Daily UK.