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Analysis of 27million CostperClick (CPC) impressions shows hotels are forced to pay an average of 47% more perclick than if they offered the lowest nightly rate on their own website, a study by global hotel technology specialist SHR shows 1. To learn more about SHR, visit www.shrgroup.com.
Online Travel Agent sites (OTAs) compete heavily on these channels to steal market share. With the current economic climate, we have seen significant increases in the average cost-per-click (CPC) on hotel metasearch channels. Right now, we are in a valley with CPCs at a 22.5% decrease YoY.
In fact, more than 75 percent of marketers struggle to track the return on investment for their digital campaigns. With the right numbers, you can determine exactly whether or not the money you invest in your digitalmarketing strategy is well-spent. Costsperclick can vary significantly based on your industry.
By clicking on the hotel profile, we have left the Sponsored Placements program and are now on the hotel’s Tripadvisor profile page. What is concerning here is SLS South Beach may have just paid a very high costperclick to have someone visit their profile, only to be presented with rates from three different OTAs.
No MarketingCosts: No need for digitalmarketing or advertising to acquire these guests. Cons: Unpredictable Revenue: Walk-ins are hard to forecast, leading to fluctuating occupancy rates. Walk-ins Pros: Instant Revenue: Walk-ins generate immediate bookings resulting in increased revenue.
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