THE BUSINESS CASE FOR ... âTomorrowland: Emerging trends in travel technology.â GTMC. ... from-big-data-to-big-personalization] Last accessed 10/03/2016.
THIS TIME, IT’S PERSONAL
Travel is a romantically-charged heart-over-head affair. Travellers are passionate about where they’re going, how they’re getting there, and what’s waiting for them.
EVERY STAGE OF A TRAVELLER’S JOURNEY NEEDS TO BE PERSONAL
87%
83%
73%
BELIEVE THAT
CUSTOMISED OFFERS
LIKE TO BUY FROM BRANDS THAT
COULD HAVE A POSITIVE EFFECT ON TRAVELLER SATISFACTION
PERSONALISE THE SHOPPING EXPERIENCE
OF CUSTOMERS EXPECT
RELEVANT INFORMATION AND PRODUCTS
TO BE RECOMMENDED TO THEM BASTED ON THEIR PERSONAL PREFERENCES
76%
ARE WILLING TO
TRADE THEIR INFORMATION
75%
FOR MORE RELEVANT OFFERS AND DISCOUNTS
LIKE IT WHEN BRANDS SEND THEM
88%
E L A S
PERSONALISED MESSAGES AND OFFERS
VALUE RELEVANCY
67%
IN THEIR SHOPPING JOURNEY
OF CORPORATE TRAVEL MANAGERS CONSIDER PERSONALISATION A
HIGH PRIORITY
THE BUSINESS CASE FOR PERSONALISATION INCREASE EMAIL CLICK-THROUGH RATES BY
72%
INCREASE INCREASE OVERALL AVERAGE ORDER CONVERSION VALUE BY RATES BY
41%
OF CUSTOMERS BUY MORE FROM RETAILERS AFTER RECEIVING
PERSONAL EMAILS
53%
33%
40%
39%
BUY MORE AFTER EXPERIENCING A MULTI-CHANNEL
PERSONALISED EXPERIENCE
BUY MORE WHEN PRODUCTS ARE
RECOMMENDED TO THEM BASED ON PREVIOUS PURCHASES
So, what are we waiting for? THE PATH TO PERSONALISATION
“A computer should never ask you a question that it should be able to work out the answer to.” - Benedict Evans
1. TEST Use website analytics, emails, and mobile optimisation to analyse traffic, click-through rates, site journeys, and conversions.
2. TARGET
3. SEGMENT
Decide which customers you want to target.
Separate out target demographics and get personal using first- and third-party data.
4. SYNCHRONISE Roll out multi-device customer journeys across all channels - especially mobile.
5. CONTINUOUS LEARNING Use website analytics, emails, and mobile optimisation to analyse traffic, click- through rates, site journeys, and conversions.
Written Materials
Travel Technology Europe 2016 Conference
“Aircraft leasing: Buy or rent?” The Economist. 21/01/2012. [Online: http://www. economist.com/
“Choosing a technology partner.” Travel Technology Europe 2016. 25/02/2016.
node/21543195] Last accessed 10/03/2016. Cowen, Martin. “Thomas Cook India links up with Airbnb for international packages.” Tnooz. 22/02/2016. [Online: http://www.tnooz.com/articles/thomas-cook-india-Airbnb-packages/] Last accessed 10/03/2016. Evans, Benedict. “16 mobile theses.” ben-evans.com. [Online: http://ben-evans.com/ benedictevans/2015/12/15/16-mobile-theses] Last accessed 10/03/2016. Everstin, Joakim. “Tomorrowland: Emerging trends in travel technology.” GTMC. [Online: http://www.gtmc. org/wp-content/uploads/2016/01/Tomorrowland-the-future-of-travel-1. pdf] Last accessed 10/03/2016. “From Big Data to Big Personalization.” Monetate. [Online: http://content.monetate. com/h/i/12311817from-big-data-to-big-personalization] Last accessed 10/03/2016. Grogan, Lee. “The Path to Personalization.” Monetate. [Online: http://content.monetate. com/i/526128-5levels-of-personalization/] Last accessed 10/03/2016.
“CTO question time: Four CTOs/CIOs from across the travel sector debate the hottest issues in travel technology.” Travel Technology Europe 2016. 24/02/2016. Everstin, Joakim. “Tomorrowland: Emerging trends in travel technology.” Travel Technology Europe 2016. 25/02/2016. Grogan, Lee. “The Path to Personalisation: Getting Started, Top Tips and Best Practice.” Travel Technology Europe 2016. 25/02/2016. Perkin, Neil. “Disruption, Data and Digital Transformation: The Key Digital Trends in the Travel Sector.” Travel Technology Europe 2016. 24/02/2016. “The age of multiple channels: can customers receive consistent messages through different channels?” Travel Technology Europe 2016. 24/02/2016. “Travel futures: what the travel company of 2025 looks like.” Travel Technology Europe 2016. 24/02/2016.
Business Travel Show 2016 Conference “Technology and the new corporate traveller - a debate.” Business Travel Show. 25/02/2016.