A recent study conducted by Expedia and The Center for Generational Kinetics, found that 74% of Americans value experiences over things. That’s great news for the hospitality industry as most of those people are planning to travel in pursuit of those experiences.
So how can you capitalize on the emerging “experience economy”? For these travelers, the memory is the product. You need to adapt your marketing material to reflect that. It’s not enough to simply advertise a luxurious bed or first-rate amenities. You need to showcase the unique travel experiences that guests will have at your property. Here’s how:
Create video content
Video has become a powerful marketing medium across all industries. It improves SEO and boosts conversions—one study even suggests that including video content in a landing page can increase conversions by 80%. It’s also an ideal tool for showcasing experiences. If used correctly, the dynamic medium can inspire viewers and help them imagine what a stay at your property would be like.
Create videos that portray people experiencing everything your property has to offer (with #travelinspo footage of events and other highlights) and post them across your digital channels. Once viewers start picturing themselves laughing with friends over a drink on the patio, or kayaking peacefully on the lake out front, for example, they won’t want to book anywhere else.
Promote your destination
For most travelers, the destination is the draw. They’re looking to explore and experience the local culture. So, you should promote your locality as well as your property. Sharing helpful information about things to do and see in your area shows a commitment to experiential travel that guests will appreciate. And demonstrating your local expertise will earn their trust. Guests want to stay somewhere connected to the community with insider tips for getting the most out of their holiday.
User-generated content (UGC) is a big deal in today’s marketing landscape. And for good reason. Consumers are much more trusting of their peer’s reviews than traditional marketing material. And, as it’s the real-life experience of your guests, UGC is particularly well-suited for marketing in the experience economy. So, when a guest posts about their stay at your property, use it. It’s the most authentic promotional material you could hope for.
Considering the value of UGC, you should do what you can to encourage guests to post online. This can be done by creating a strong social media presence, hosting contests, and including calls-to-action on other marketing collateral.
Partner with influencers
For high-impact UGC, consider partnering with social media influencers. These are people with a significant number of followers whose content generates considerable engagement. Unlike traditional UGC, these posts will cost you (either in fees or free stays at your property). But if you choose the right influencer, it’ll likely be well worth the investment. 81% of marketers that have tried influencer marketing considered it effective.
Be authentic online
Part of selling the experience at your property is showing off your unique personality. Travelers today aren’t interested in generic accommodation. And if your digital content is uninspired and formulaic, they’ll assume your property is the same way. So make sure you’re being authentic on your website and social media channels. Avoid an overly formal tone and steer clear of canned responses to guest posts.
Today’s travelers are seeking exciting experiences they’ll remember forever (and can share on their social media pages). Make sure you’re creating effective marketing material so you can capture their imaginations and ultimately win their bookings.