Online Direct Is the Fastest-Growing Hotel Distribution Channel – Is that the most exciting statement you’ve seen today?!
NB: This is an article from Net Affinity
Last week, market and consumer data specialists Statista obtained and released very interesting and exciting information in the realm of hotel bookings. It seems that online direct is officially the fastest-growing hotel distribution channel in Europe.
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From 2017 to 2023, “online direct hotel bookings are forecast to grow by over 10% in Europe, whereas most other distribution channels, such as phone and walk-in are expected to see a decline.“
Data also shows that the only other hotel distribution channel forecast for growth is online travel platforms (where a growth rate of 3.3% is predicted for the same time frame). Tripadvisor’s revenue in the third quarter of this year was $459 million, up 51% year-over-year and exceeding Q3 of 2019 by $31 million. Expedia Group has also seen record profitability in Q3 of this year.
This news is very welcomed by hoteliers and it means that your book direct strategy is more important than ever, because every element of the user experience needs to be right in order for them to book directly with you.
There are so many benefits of a book direct strategy which include:
More control over your terms and policies
The ability to build loyalty between your hotel and its guests
Personalising your brand, therefore differentiating yourself to competition
Direct bookings are also more favourable for your hotel because they reduce the commissions paid to third parties while helping you to form stronger, longer term ties with your guests.
It’s good to remember that consumer expectations are also always rising. We have become used to increasingly personalised experiences when it comes to parting with our money in exchange for a product or service.
Consumers know that shopping around for the best deal is the smartest thing to do before clicking ‘pay’. They also want a more personal and direct relationship with the hotel, especially if they know they will be rewarded for taking this route.
When it comes to your offers, don’t just plan for key dates throughout the calendar year – try to also be reactive and keep your eyes open for ad hoc opportunities as the months progress. Be flexible in relation to your guests’ plans and needs – a third of global travellers desire the ability to freely cancel or modify a booking as a top-two priority, so flexibility is the name of the game.
Read rest of the article at Net Affinity
The post Book Direct Is Growing: Here’s How To Strengthen Strategy appeared first on Revenue Hub.
