October 8, 2019
Yes Marketing survey finds price is the most influential factor when selecting a travel brand
DALLAS, September 24, 2019 – Gen Zers and Millennials are twice as likely as their older counterparts to consider perks as the most significant factor when selecting a new travel and hospitality brand (10% compared to 5%), according to a new study by Yes Marketing.
For their “Understanding the Traveler’s Journey” report, Yes Marketing surveyed more than 1,000 travelers on their priorities as they engage with travel and hospitality brands. While more than half of consumers (58%) say price is the most significant factor when selecting a new travel and hospitality brand, almost 1 in 5 (19%) cite quality and 9% identify perks as most influential in their decision, indicating an opportunity for marketers to compete on more than price alone, especially with younger travelers.
When it comes to marketing factors that influence travelers’ purchasing decisions, 40% of consumers identified relevant messaging as most important. A brand’s perceived value compared to its competitors is the second most influential factor with 18% of consumers saying that’s their top consideration when booking travel with a new brand. The findings demonstrate an opportunity for travel companies to win over customers by highlighting competitive pricing, quality and perks.
“Today’s travelers are looking for value above all else. Whether value means the lowest price, the most seamless experience or the most exclusive perks, today’s travel and hospitality brands must ensure their customers feel like they’re getting special treatment through every interaction,” said Jim Sturm, president of Yes Marketing.
“The travel and hospitality landscape is highly commoditized, and even a small advantage in a brand’s data quality, technology, or execution can make a world of difference when it comes to new customer acquisition,” said Michael Iaccarino, CEO and chairman of Infogroup, parent company of Yes Marketing. “Travel and hospitality can win over the competition by selecting a partner who can help them glean a deeper understanding of the customer through technology-enabled services and a data-driven marketing strategy.”
Additional findings from the report include:
To learn more about consumers’ preferences as they progress along their journey with travel and hospitality brands, download the full report here.
Yes Marketing focuses on enabling marketers to engage, acquire and retain consumers along each stage of the consumer journey with a brand – from awareness through consideration, purchase and lifetime loyalty. This is accomplished through a unique combination of expert marketing services, best-of-breed technology and proprietary data assets that enable brands to create and deliver truly personalized, data-driven customer experiences with the help of a single vendor with an integrated technology and service offering. To learn more, call 1-877-937-6245, email [email protected] or visit www.yesmarketing.com.
Infogroup is a leading provider of data and data-driven marketing solutions for salespeople, marketers, and professionals. The company’s solutions are powered by its proprietary business and consumer databases and supplemented by client and third party data. Clients range from Fortune 500 enterprises and local businesses to not-for-profit and political organizations. Infogroup’s cloud-based Data Axle technology allows for real-time updates to its business and consumer data files, and also provides clients with a real-time API delivery platform for the most accurate and up-to-date information to support their marketing and business needs. Infogroup has 45+ years of history creating its own data and makes 24+ million verification calls per year to ensure data quality. For more information, visit www.infogroup.com.