A recent blog post and case study shared by Mirai, on TripAdvisor’s Business Listings option introduced earlier this year. Many hotels have jumped onboard and many others have held off till better information is available about the Return on Investment on these (often pricey) listings.
TripAdvisor Business Listing – not for everyone
On May 6th 2010 in its press release Tripadvisor announced that over 12 000 hotels around the world had subscribed to its Business Listings service and added their urls, emails and telephone numbers. Five months after the launch Paris has taken the leader position wih 13% slice of the total listings with urls, followed by Rome, Florence and Venice.
It looks like a great business for Tripadvisor! According to cautious estimates, the above numbers can mean at least 5 million euros in revenue generated by the new feature. But is it really worth for a hotelier to pay from 400 up to 10 000 Euros per year? Since TripAdvisor launched the service we have received many enquiries from numerous hoteliers, keen to boost their direct sales by placing a link, asking whether it pays off. We decided to check it.