In its annual outlook for the travel industry, Skift Research has created 2023 global revenue forecasts for airlines, hotels, short-term rentals, cruise lines, and online travel agencies. Skift also built an estimate for international cross-border travel from 2023–2025. This outlook is meant as a companion piece to our recent State of Travel report that offers in-depth coverage of all travel segments.
Effective Hotel Marketing in the Digital Age: New Skift Research
25.08.2023 - 13:17 / skift.com / Saniya Zanpure / Skift Travel / Skift Research
Skift Research’s U.S. Travel Tracker Survey shows that online sources are used more than offline sources when planning a trip, making digital marketing and advertising crucial for the industry. If a brand is marketed well, potential customers will be drawn to it regardless of how they decide to book their trip.
Our new Skift Research Report gives an overview of what digital marketing and advertising tools offer, the top vendors in this space, and the revenue potential of the technology in the hospitality industry.
Marketing and advertising technology can help marketers increase direct bookings, draw in new customers, speed up social media reaction times, and improve overall content strategy. As a result, it has emerged as a crucial component of a hotel’s tech and marketing stack.
A pre-pandemic survey by Skift Research shows that a significant 25.4% of a Chief Marketing Officer’s (CMO’s) budget was allocated to marketing and advertising technology.
This is the latest in a series of reports and data products that Skift Research puts out. The Hotel Tech Benchmark is a data product exclusively available to our Research subscribers, offering insights in market sizes, revenue streams, and vendor landscapes for the major hotel tech categories.
After you subscribe to Skift Research you will gain access to our entire vault of reports conducted on topics ranging from technology to marketing strategy to deep dives on key travel brands. You will also be able to access our proprietary Skift Travel Health Index and Skift Health Score data and reports.
Digital marketing and advertising tools, if utilized effectively can help hotels increase direct bookings, draw in new customers, and improve improve the overall content strategy. This tech category has the potential to generate $3 billion in annual revenues and is embedded in the industry’s future.
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