Luxury Hoteliers Magazine 4th Quarter 2019 | Page 40

past behavior, and 29% say they’d like to see more communications based on demographic info. Finally, 27% say they’d prefer brands to act on information the consumer has given them directly (e.g., via feedback forms, experience surveys, preference centers, etc.). Additionally, when asked what kind of content they’d like to see more of, 52% say “information specifically about reservations/past travel,” 43% say partner offers (e.g., discounted hotel stays while booking flights), and 40% say customer reviews or testimonials. Again, customers want useful information that could help them when planning trips or traveling and also reaffirm their travel choice. Refining content for existing customers can be challenging in more ways than one given the nature of the industry. For example, customers who just flew to San Francisco probably don’t need to see promotions for flights to San Francisco after they’ve landed back home. Instead, a brand could offer recommendations for flights to cities they’ve never visited within a price range similar to previous purchases they’ve made. TURNING FINDINGS INTO ACTION Act on the information you have. There’s no excuse for sending irrelevant content to customers who have booked reservations with your brand before. Customers are savvy, and they know what information you should have available if they’ve stayed at your hotel or booked with your airline. If you can’t master data-driven personalization at scale, consider using a partner that can help. The discount airline Allegiant reminds customers who frequently travel from Cincinnati when there are cheap non- stop flights from the area, and nudges them to book with links for each flight in the email. Negative reviews will drive even repeat 40 ILHA customers away quality (17%) and perks (8%). Current customers are not immune to negative reviews about your brand— even if they’ve previously had a good experience. Sixty-one percent say negative reviews have stopped them from using travel and hospitality brands they have used previously. This doesn’t necessarily mean brands should race to the lowest price since customers have different standards for a discount airline or hotel than they do for luxury experiences. But regardless of the tier or luxury level of travel they choose to book, consumers need to feel like they are getting value for the price they pay. Whether you work for a luxury hotel brand or a low-cost airline, reinforce the value consumers receive for their loyalty to your brand in every interaction — this will help customers feel like they are getting more for their money. Generational differences exist in this regard, with younger customers reporting they are even more influenced by negative reviews about brands they’ve used in the past (71% of 18-21 year-olds and 67% of 22-37 year-olds, compared to 56% of 38-52 year-olds and 47% of 53-71 year-olds). Since younger consumers are more likely to be active across a variety of social media platforms, it’s not surprising they are exposed to more of their peers’ opinions and likely to consider them more heavily. TURNING FINDINGS INTO ACTION Mitigate CX issues before they become negative reviews. Given the high cost of traveling, customers will shy away from brands if they see that other travelers have had bad experiences — even if they’ve used those companies in the past. Consistently gather feedback from customers to understand what CX problems occur so you can address them before they become larger issues. LOYALTY Loyal customers remain consistent in their demands Given the uncertainties and stress of traveling, it makes sense that customers are likely to stick to their favorite brands once their trust is earned. More than six out of 10 (64%) customers say they have a go-to travel company they consider above all else. Still, many of the same concerns that drove customers to try a new hospitality or travel brand also determine their loyalty. The top factors that drive loyalty among travelers include price (65%), TURNING FINDINGS INTO ACTION Identify, reward and recognize loyal customers. Customers that habitually spend the most money with your brand should receive better perks, prices and rewards. Recognize tenure and use customers’ transactional history with your brand to provide better personalization, more relevant communications and more informed offers. For example, members of Wyndham’s loyalty programs who belong to the most exclusive tier — Diamond — not only receive welcome gifts at check-in (like cheese plates or local beer samples), but they also get complimentary tickets for local experiences. They can also treat family members to Gold status rewards like priority check-in. Loyal customers demand exclusivity Loyalty can be challenging to earn, but even more difficult to retain in the travel industry, since value-conscious customers are always on the hunt for a good deal. You are more likely to retain loyal customers if you know how to reward them. Eighty-three percent of customers say that being rewarded for their loyalty influences their decision to remain loyal