Pinterest has been all the rage recently, with various news sites and brands sitting up and taking notice. Pinterest.com isn’t new, though…it was (Beta) launched in 2010 and rose to fame in 2011 when it was declared one of the 50 best websites of the year by TIME magazine. By the end of last year, it garnered a lot more attention as it made it to the Hitwise list of top 10 social networks, Techcrunch’s best new startup title and also gained a reputation for driving more referral traffic to online retailers than YouTube, Google+ or LinkedIN.
So what’s the big deal, you ask? And, what, pray tell…is it exactly?
Google recently presented their vision for how display advertising is likely to evolve by 2015…these seven predictions are something all marketers worth their salt absolutely MUST be informed and aware about.
To summarize, here are the broad predictions:
- 50% of ad campaigns will include video ads bought on a cost-per-view basis
- 50% of ads will be bought using this real-time bidding technology to tailor experiences for different viewers
- Smartphones / mobile is going be the number one screen for digital brands to engage users
- There will be at least five metrics that advertisers will regard as more important than the “click”
- 75% of web ads will be “social” in nature i.e. Ads will be shared, discussed, subscribed to and recommended
- Rich media formats enable great creativity and interaction – these will grow from 6% of display ad impressions to 50%, especially for brand building campaigns
- Digital display advertising is going to grow to a $50 billion industry
A picture may be worth a thousand words…but most hotel PR & Marketing managers today would be at a loss for words at the plague of user generated photos out on the Internet today. Hoteliers may need to get used to the fact that competing with their ‘official’ previews of what to expect, past guests have provided quite an unflattering visual footprint for those to follow. It’s no secret that hotels pay thousands of dollars for painstakingly taken, doctored photos that would entice even the most hardened globetrotter to positively drool in anticipation…and hit that book button. Great pictures DO sell.
Just as the transparency offered by the Internet in terms of rates has given many a hotel revenue manager gray hair, the ability to easily share rich media on the web promises to do the same for the marketing ilk. One only needs to turn to photos posted on TripAdvisor or Flickr to obtain unflattering photos of virtually every nook and crany of your hotel these days. Plus aesthetic slip-ups and the dreaded ease with which users can now take and publish photos online virtually guarantee that any dirty rooms, dropped drinks, deteriorating facilities and other ‘oops’ moments get their 15 mintues (or perpetuity) of fame on the Internet (as if old high school photos resurfacing on Facebook wasn’t bad enough!).
So is it all bad news?
A great animated video by Michael Reissinger, based on a concept by Scholz & Friends, titled “Dramatic shift in marketing reality” that illustrates how the producer/marketer – consumer interaction has changed drastically in just a couple of decades. Also known as “The History of Marketing” Enjoy!
Hotels (and the hospitality industry in general) may not be the quickest adopters of technology and “e” trends…but the industry has no shortage of creative and talented people. Branding and marketing is also cutting edge in the industry, especially with the new trends in luxury and lifestyle branding.
So it’s quite dissapointing that hotels are yet to make a mark where viral marketing is concerned! Other industries have made their foray into this new and unpredicatable arena… and many have tried and failed…and then again, there have been some dazzling successes. But where are all the creative minds in hospitality when it comes to online viral marketing? Are hotels scared of the fickle, short-lived and volatile nature of viral marketing? Too risky an attempt at brand management? What do YOU think?
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- Pinterest for Hoteliers – A Guide to Pinterest for Hotels, Resorts and Restaurants
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- Analytics and Reporting
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- Pinterest for Hoteliers - A Guide to Pinterest for Hotels, Resorts and Restaurants
- Future Hotel Trends - 8 Hotel Guest Demands that will shape hospitality
- 6 Hotel Social Media Marketing Predictions for 2013
- TripAdvisor Advertising - CPC Case Study and ROI
- An introduction to Hotel Affiliate Marketing
- Hotels and Restaurants on Facebook Graph Search - First Impressions and Tips
- 10 Things I Hate About Hotel Websites - Infographic
- The Hotels vs OTA Paid Search War - Get Your Defensive Strategy Right
- Commission Free Hotel Bookings with Treovi - Exclusive Interview with the Founders
- Future of Display Advertising - Is the Hotel Industry Ready?