Influencer Marketing. It’s likely a term you’ve heard thrown around in the last year or two, and perhaps is something you’ve considered doing yourself. You wouldn’t be alone; Hotel brands like Starwood Resorts, Fairmont, and Hilton Hotels are just a few of the businesses that have capitalized on this new opportunity. And a recent post on eHotelier included it as one of the top 5 marketing strategies for 2019. But it’s not just for large chains. Influencer marketing is a powerful tool available to independent hoteliers as well—one that is certainly worth your consideration. Here’s a quick guide to get you started:
What is influencer marketing?
Platforms like Instagram and YouTube have created an ecosystem of influential people with huge followings. And just like traditional celebrities, their endorsement has immense commercial value. By partnering with these individuals, brands can reach new and larger audiences more authentically.
The arrangements between brands and influencers (and the content that is created) can come in many forms. Brands can ask for anything from blog posts, to photos on Instagram, to Snapchat videos, and compensation can be in the form of money or free product.
Why should I do it?
It works >> Influencers are called that for a reason: they have influence (a lot of it). These internet personalities have amassed troves of followers sharing their lives online and have earned tremendous loyalty from their fans. So, their endorsement matters. In the same way that a recommendation from a friend holds more credence than an advertisement, the endorsement of an influencer packs a massive marketing punch.
Makes targeting easy >> Partnering with influencers also gives you access to very specific and well-understood audiences. Their followers are their business, so influencers are acutely aware of who their demographic is and what they want. This can help you choose who to partner with in the first place and also means the influencer can create content they know will resonate with their audience.
Who should I partner with?
Find the right audience >> Choosing the right influencer is key to finding success with this marketing strategy. You want to find someone whose ethos and audience align with your business. Make a profile of your typical guest (based on region, age, lifestyle, and income) and search for an influencer that can deliver that demographic. If you own a boutique hotel that caters to affluent millennials, find an influencer whose audience reflects that. If your guests are primarily families, partner with a family travel blogger. Like any marketing investment, you need to ensure your content is reaching potential customers.
Micro-influencers >> Influencers with massive followings can be extremely expensive to collaborate with, but don’t let that scare you. Social media is a flourishing ecosystem, and there are plenty of smaller influencers, called micro-influencers, that make great collaborators. Not only are they cheaper to partner with but they tend to have a stronger relationship with their followers (more like a friend than a celebrity) and therefore can have much higher engagement.
How can I be successful?
Assess their engagement >> The success of social media influencers has prompted many people to buy fake followers in hopes of reaping the same benefits. Obviously, you want to avoid collaborating with these types of accounts. To ensure your influencer is legitimate, you should assess the engagement of their account (the number of likes versus the number of followers) and take a scroll through their comments to see if they reflect genuine, loyal fans. A comment section full of spam is a big red flag.
Measure ROI >> At the end of the day, influencer marketing is like any other marketing investment. The point is to increase revenue at your business, so you need to know it’s working. Calculate how much the partnership is costing you (whether it’s in free nights stays, amenities, or a fee) and compare it to the revenue they bring to your business. You can track their impact by giving them a unique promo code, a branded hashtag or using UTM parameters.
Social media has changed the marketing game irrevocably. Today’s consumers (made up by a millennial majority) engage with businesses and each other in entirely new ways. Influencers that rose to fame on social platforms are the newest celebrities, and they have the power to bring in massive revenue with their endorsement. Consider incorporating influencer marketing into your current strategy to increase your marketing reach.