Luxury Hoteliers Magazine 4th Quarter 2019 | Page 36

UNDERSTANDING THE TRAVELER’S JOURNEY Guiding Hospitality Customers Through Acquisition, Retention and Loyalty By Gurjit Sandhu, Yes Marketing INTRODUCTION Global tourism rates are hitting record highs(1) — and as consumers flock to book reservations with airlines, hotels and other travel brands, the pressure for marketers in the hospitality 36 ILHA industry is on to win that business. Therefore, it’s no surprise that digital ad spending in the travel industry is expected to surpass what is spent by CPG companies, according to a recent eMarketer report.(2) As the competition heats up and companies like Airbnb radically change the hospitality landscape, it’s critical to understand what customers demand from travel brands across the board — whether they’re booking with legacy hotel brands like Marriott, hopping on