Monday, September 21, 2009

Understanding your competition’s online strategy is the first step in topping it

Many hoteliers, especially those new to online marketing, advertise and market blindly but are baffled when very little is achieved. A fatal mistake that many make, is to ignore the competition and consequently focus their attention in the wrong direction. In order to be successful, it is vital to know who your hotel’s competitors are and what it is they do online. By going through this exercise, you ensure that you have a point of comparison and information that can be used to your advantage. Analysing your competition’s website presence and the online marketing tactics they use, enables you to explore your marketing strategy’s effectiveness comparatively and act upon any discoveries which, in turn, will enhance your success.

There are many competitor analysis tools available online, however these can be complex to use. Here are a few simple tips to get you started without investing in technology. A full competitor analysis based on these concepts should always be conducted prior to planning your hotel’s online strategy. This way you can incorporate your findings into your strategy and ultimately plan a much more targeted and successful approach.

1. Identify who your competitors are - Brainstorm your known competitors. If you have been in the hotel any length of time, it is highly likely that the “other” hotels are well-known to you, especially the local ones. Look up their websites and make a note of their web addresses.
2. Create keyword lists - Compile a list of keywords your clientele would use to find a hotel like yours online. Incorporate your geographical location into your list – many travelers will choose destination before hotel.
3. Search online - Using your keywords list, execute some searches on the major search engines - Google, Yahoo and MSN. The results most commonly shown to your target market, will be listed on the first page. Make a note of the web addresses of the top 10 results. Going forward, consider these your top competition, along with the local “colleagues” you already knew about.
4. Analyse offerings - Visit each of these competitors’ websites and analyse their offerings. Ensure you keep notes summarising each of their services, facilities and special offers. Determine the strengths and weaknesses from the perspective of your target market – How do your offerings compare? Are your rates higher or lower than theirs? Why? What makes you unique to them? What makes them unique to you? How can you capitalize on your unique offerings? This analysis will facilitate a clear definition of your competitive advantages.
5. Compare usability & functionality – Are your competitors’ sites easier to navigate compared to yours? Determine how each website differs to yours and assess the strengths and weaknesses of each.
6. Popularity – Determine how your competitors compare to your hotel in terms of popularity. How can you find out? By downloading the Google Tool bar you can establish their Google Page Rank. Page Ranks are rated from 1 to 10 – 10 being the best. Higher Page Ranks indicate higher quality websites receiving a lot of relevant traffic. Appropriate, fresh and keyword-rich content that is updated regularly, is also a positive factor. It adds value to the site for the user.
7. Links – Identifying what websites your competitors are linked to, helps to establish the kind of reach their sites have in the online world. Remember, in terms of SEO (Search Engine Optimisation), relevant and high quality inbound links are weighted heavily in a website’s favour by the search engines. Therefore, if you find a number of great inbound links on a competitor site (and these are also relevant to your site), you should contact the website and ask if they will link to your site too. You will find them highly interested if the link is meaningful. As such, writing a quick press release about your hotel and sending it over, typically results in getting advertising for your property as well as an inbound link to your website. To scope out your competition’s links, you can use www.freewebsubmission.com/linkpopularity.html
8. Keep records – Often, the most helpful way of keeping track of your findings, is by listing them in an electronic spreadsheet. Simply update the spreadsheet each time you gather new information and at the same time you are building a record that you can always refer to.
9. Keep up-to-date – Regularly re-visit your competition’s website to see what’s new and consequently keep important and relevant data in your spreadsheet up-to-date.

During these difficult times, it is vital that hoteliers formulate competitive intelligence, allowing them to stay one step ahead. The cost of acquiring a website visitor is ever-increasing; therefore marketing has to be evaluated from all angles. From the tools and methodology used to attract the website visitor, to the tools used to ensure your site is exactly the place where that visitor converts into a reservation. The internet provides you with a great opportunity for learning about your competition– use it!

About GlobRes

GlobRes provides the Guest Connect web booking engine and hotel Internet marketing services for hotels around the world. Connecting hotels with their guests through increased exposure via all channels including GDS, IDS, Digital Marketing and the hotel’s own website. GlobRes operates a fully serviced support centre, offering assistance to hotels in English, Italian, German, Spanish and French. GlobRes is also offering hotel website design for free when purchased with Guest Connect web booking engine.

Complete our online contact form for more information.

Editors Note: Please direct all press queries to Samantha Hasler. Tel +41 41 500 0111 or email marketing@globres.com www.globres.com

Wednesday, September 2, 2009

Hotels cannot afford to lose lucrative bookings due to online booking ignorance

It is astounding that, despite the current climate, hoteliers are still missing fundamental requirements in terms of the usability and functionality of their website and website booking engine. Even more frighteningly, many hoteliers are missing the vital ingredient that promises to increase their reservations – the capacity for instant online sales! The absence of a web booking engine on your website means that visitors experience a pre-historic process which leaves them unengaged, irresolute, on occasion confused and likely to abandon your website! With hoteliers fiercely competing for relevant website visitors and with the cost of acquiring them ever increasing, it is flummoxing that some hoteliers insist on dragging their heels, sticking with a relic booking model that will not convert traffic into the maximum number of bookings.

In a hospitality index report published recently, it was demonstrated that 40% of website visitors did not complete their booking due to navigation problems. Research also shows that the booking process can take up to 12 clicks. This does not bode well with the 21st century traveler – an effective booking process should rely on a few quick and simple steps. It has been established that the more experienced a customer is, the less likely he is to abandon a booking because he is more familiar with online booking processes. However, many of those booking online are first-time customers with no experience. To lose these customers due to a complex and lengthy process, will have a huge impact on conversion rates; therefore this type of shopper must be catered for.

Hotel websites that do have a web booking engine installed, are not exempt from high abandonment rates. I have seen web booking engines stuck behind vaguely entitled menu bars or behind two or three unnecessary pages, making it hard to find. Again, the customer is relied upon to click around the site to find the online reservations system. The web booking engine must be easily accessible. Ensuring there is an obvious link to the web booking engine, which is clearly titled on the home page, will eliminate any confusion. Moreover, having a “quick book box” on the first page will allow any potential guest to quickly and effortlessly check availability for their travel dates.

There is a plethora of web booking engines available on the market, but they are not all equal in their ability to convert “lookers” into “bookers”. The Guest Connect Booking Engine is an example of a web booking engine that has proven to deliver a significantly higher level of reservations. Furthermore, in an independent usability study among consumers Guest Connect received a score of 95 percent, higher than any other similarly tested engines. Extensive market research, hotel customer feedback and technical innovation during the launch period have ensured the Guest Connect web booking engine meets traveler’s usability needs. Key features that add value to the booking process for consumers range from multiple language capability to its consistency with the theme of the website. Installation of such a reputable web booking engine enables hoteliers to track all marketing efforts and gain a clear understanding of return on investment for specific advertising initiatives. These statistics are invaluable and easily acquired from the web booking engine data. With more and more room sales happening online, this type of quantifiable process may eventually replace traditional reservation processes, making it crucial that hoteliers come to grips with it.

Your hotel’s web booking engine plays a pivotal role in converting website traffic into reservations. Therefore, having a relic process that relies on your website visitors chasing you for booking confirmation or counting on them to click around to find your web booking engine, is going to mean you lose out on valuable bookings. Today, travelers are looking for immediate access to information, rates, policies and they want instant electronic confirmation that their booking went through. By ensuring your web booking engine meets these requirements, you are setting the foundations for a good web experience and consequently the start of a good relationship with your future and invaluable guest.

About GlobRes

GlobRes provides the Guest Connect web booking engine and hotel Internet marketing services for hotels around the world. Connecting hotels with their guests through increased exposure via all channels including GDS, IDS, Digital Marketing and the hotel’s own website. GlobRes operates a fully serviced support centre, offering assistance to hotels in English, Italian, German, Spanish and French. GlobRes is also offering hotel website design for free when purchased with Guest Connect web booking engine.

Complete our online contact form for more information.

Editors Note: Please direct all press queries to Samantha Hasler. Tel +41 41 500 0111 or email marketing@globres.com www.globres.com