How travel brands can meet consumers’ changing desires in 2022
Nicola SmithWhile the pandemic-driven caution of travellers hasn’t entirely disappeared, there’s renewed hope for travel brands that holidays are back on the agenda in 2022.
While the pandemic-driven caution of travellers hasn’t entirely disappeared, there’s renewed hope for travel brands that holidays are back on the agenda in 2022.
Prior to coronavirus, brands and marketers already had to adapt to customer journeys taking place across a growing number of channels, but the speed and magnitude of the change required are now vastly bigger
Marketers know connected customer journeys are key to their success yet most aren’t fully satisfied with their ability to achieve it, with the challenge being to turn data from each touchpoint into actionable insight.
Unless businesses build an exceptional experience around their brands they risk losing the all-important loyalty of their customers, which can now be translated into measurable commercial value.
Despite ‘price’ being one of the 4Ps of marketing, not all marketers are in charge of developing their business’s pricing strategy, so how can marketers take control?
Though the dominance of Google and Facebook draws attacks from the media, digital channels are still commanding increasing marketing spend while lending themselves to ever more sophisticated measurement techniques.
Getting the price of a product or service right is critical. Customers want to know they are getting value for money but businesses must ensure they’re not leaving any money on the table, so it’s a fine art.
Reaching customers with the right product at the right time requires an effective distribution strategy, which becomes all the more important in an always-on, multichannel environment.
Marketing channels such as direct mail are enjoying higher consumer trust, as digital saturation grows.
Understanding customers is vital but market research isn’t always as high up the agenda as it should be.
Heather Laverne, vice-president, partnerships & brand at American Express, on why it’s important to reward card holders with flexible offers.
As brands continually look to differentiate from competitors, those that incentivise customers with rewards outside of their core product offering could do better to build loyalty in the long-term.
Marketers are still struggling to follow consumers’ purchase journeys as they research and buy on numerous devices, and without a new approach they risk losing sight of the effectiveness of performance marketing.
Job titles can be as simple as ‘marketing director’ and as wacky as ‘the dark lord of coding’, but as disciplines splinter, is it more important that your title reflects your specialism or paints you as an all-rounder?