The surprising truths of metasearch · 2019-09-17 · desktop, tablet and mobile, actual ROAS...
Transcript of The surprising truths of metasearch · 2019-09-17 · desktop, tablet and mobile, actual ROAS...
The surprising truths of metasearch
Diving into the data that powers the industry’s fastest-growing acquisition channel.
EXTENDED EDITION
T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
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TRIPTEASE
Metasearch is the fastest-growing
acquisitions channel in the world -
and it’s more accessible than ever
to hotels seeking to increase the
volume of high-converting traffic
on their site. But in order to really
compete on meta, it’s not enough
to just be on the platform. Superior
performance requires superior
decision-making.
However, there is no such thing as
a one-size-fits-all meta strategy.
Hundreds of factors go into making
the perfect bid for the perfect guest.
As well as being able to target
your ideal guests, you also need to
be adapting to macro behavioral
trends as they emerge. You need
Foreword
Device type & ad position
Day of the week & month
Region: conversion rate & click-through rate
Region: ROAS & cost per click
Triptease Meta
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Click Through Rate9
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ForewordContentsto know when exactly guests are
searching, clicking and booking at
your hotel, and how that changes
based on regional events and
economic trends.
Over the course of a three-part
article series, Triptease analyzed
two data sets based on millions
of metasearch auctions to identify
how different variables affect
performance on meta. In this
paper, we’ve rounded up the most
illuminating insights alongside
advice for how to put them to use.
Hotels know their guests better
than anyone. It’s time to leverage
your valuable data to make smarter
metasearch bidding decisions.
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T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
Isolating the impact of ad position
on return on ad spend (ROAS)
provides an unexpected perspective
on bidding best practice. Received
wisdom may dictate that top
position is best, but on desktop,
Device type & ad position
return is over twice as high on the
fourth-position placement.
However, that high return comes
at the cost of volume. Top position
brings with it the greatest number
of clicks and conversions, and
therefore the highest revenue.
Optimizing for either volume or
ROAS alone risks missing out on the
full picture.
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While the trend is consistent across
desktop, tablet and mobile, actual
ROAS varies substantially across
device type. While the return on
spend is similar for both desktop
and tablet searchers, the return on
mobile is up to 30% lower.
Across every device, conversion
rates are higher for selected (rather
than default) dates, as these users
typically have a higher booking
intent. However, perhaps as these
auctions are more competitive, they
deliver a lower return than bids on
default dates (for desktop and
tablet searches).
While selected dates do have a
higher return on mobile, ROAS is
still significantly lower than on
other devices.
Data
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T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
Across our data set, guests were
most likely to make a booking
at the start of the working week,
with Monday receiving the highest
impression share and highest
Day of the week & month
conversion rate of any day.
Saturday was the least active day
for bookers, receiving around 20%
fewer impressions and only 2.8% of
them leading to a conversion.
Despite this, Tuesday actually has
the lowest ROAS across the week at
9.55 - although Saturday is not far
ahead with a return of only $9.69.
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From this, we can see that people
are searching significantly more
at the start of the year, with March
receiving twice as many impressions
as October, November or December.
While June and July both have a
relatively small share of impressions,
they also have by far the highest
conversion rates. The early summer
months provide the lowest return
though. The best return can be
had on searches in November,
with a ROAS of 10.5.
Data
ana
lyze
d by
Trip
teas
e in
201
9 ac
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ove
r 200
0 se
lf-m
anag
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otel
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Data
ana
lyze
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Trip
teas
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201
9 ac
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0 se
lf-m
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otel
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T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
While this is a global dataset
collected from hundreds of hotels -
and therefore will vary significantly
from an individual hotel’s audience
data - it gives a good indication of
the regions where consumers rely
more heavily on metasearch.
We can see that searchers from the
Americas have the highest click-
through and conversion rates, with
Region: conversion rate & click through rate
4.8% and 6.1% respectively. While
Oceania’s click-through rate is only
around 3%, their conversion rate is
by far the highest: 7.1%. Is this was
an individual hotel’s data, we might
infer that the hotel’s Australian
audience has a far greater intent
to book when they click on a
metasearch ad - or maybe that they
are more likely to be decisive upon
reaching the direct site.
As the only region in which click-
through rate is higher than conversion
rate, it’s possible that guests in
Asia were using the platform more
as a research tool than a booking
mechanism over this period and for
these hotels. However, ads were seen
at a much greater scale - searchers in
Asia counted for over double those in
Oceania.
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T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
To easily compare ROAS across
regions, we’ve given each country
a ROAS Index Score. This shows
the relative return on ad spend
compared to the best performing
region. Our results show that, over
the course of this short-term data
study, there is a positive correlation
between ROAS and cost per click.
The Americas have the highest
ROAS, even when the average cost
per click is double the amount of
every other individual region at
$3.10. Despite having the lowest
conversion rate and click through
Region: ROAS & cost per click
rate, Africa’s ROAS is greater than
that of both Asia and Oceania, and
is only 2% smaller than the return
for Europe. However, this does not
account for volume of bookings;
spending more on each click can
still provide a greater return if those
clicks are resulting in a significantly
higher number of conversions.
It’s interesting to note that, while
Oceania had the highest conversion
rate in the previous graph, it also
has the lowest ROAS out of all of
the analyzed regions - with a ROAS
Index Score of only 0.76. Oceania
has the second-highest cost per click
at $2.71 - only $0.39 off that of the
Americas - and is the only region not
to follow the overarching trend. There
are many factors that may influence
this, and this is a clear example of
how metasearch data should never
be taken out of context and viewed
in isolation. Other variables such
as volume and value of individual
bookings may play a crucial role; each
bid multiplier and success metric
must be viewed as part of the greater
metasearch puzzle.
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T H E S U R P R I S I N G T R U T H S O F M E TA S E A R C H
If there’s one thing that’s clear, it’s
that metasearch auctions are a
complicated business. And let’s
face it - even the most data-savvy
hoteliers have better things to do
than keep constant watch on their
ROAS. But you need to be data-
driven in order to succeed. OTAs
have got where they are today by
ruthlessly iterating and optimizing
their spend to ensure success on
metasearch channels.
Pre-set bids don’t work. They waste
money and miss opportunities to
attract guests who convert. That’s
why Triptease Meta uses live data
and smart bidding to supercharge
metasearch.
Our unique algorithms take into
account the Guest Value Index and
Trip Value Index of every search.
Triptease MetaBased on the searcher’s potential
value to your hotel, behavioral data
associated with their demographic,
the status of your price parity and
what we’ve learned from millions
of searches about optimizing
performance, we calculate the
perfect bid for every guest. We also
know when not to bid when you’re
being undercut by an OTA, so your
hotel is never paying to advertise
that you don’t have the best rate.
The complexity of the data
displayed in this report might be
intimidating enough for hoteliers
already well-versed in metasearch,
let alone those just starting out.
Triptease Meta makes simple that
complexity. If you’re interested in
using Triptease Meta as part of
your acquisition strategy, get in
touch with our team today.
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Designed by Alisa VoitikaBrand & Content Manager
Rob FunnellContent & Product Marketing Executive
Why do we care?
Contact us:
USA: +1 888 643 4732
EMEA: +44 (0) 203 950 7688
APAC: +65 6932 2577
www.triptease.com
OTAs are building an enormous
data advantage over hotels. When it
comes to acquiring and converting
your guests, they now know them
better than you do.
Triptease is here to change that.
We make your data work harder to
increase revenue direct.
Our Triptease Platform identifies
your most valuable guests then
works across the entire customer
journey - from acquisition to
conversion - to make sure they
book directly at your hotel.
We support you the whole way with
coaching, content and community.
Take back control of your
distribution and become an expert
at driving direct - intelligently.
Author:
TRIPTEASE
$75k
16x
CASE STUDY
Hospitality management group Number of rooms: 1,557 Location: Philippines
Revenue generated in one month from Triptease Meta.
ROAS in one month with the full Triptease Platform.