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HomeMy WebLinkAbout10. FY24_DiscoverVail_FallMedia_ReportDiscover Vail FY24 FALL MEDIA REPORT November 11, 2024 Agenda 1.FY24 Fall Campaign Overview 2.Paid Digital Performance 3.Paid Social Performance 4.Paid SEM Performance 5.FY25 Strategic Shifts DISCOVER VAIL: FY24 Fall Media Discover Vail FY24 FALL CAMPAIGN OVERVIEW DISCOVER VAIL: Media Brief Timing: September 9th - October 27th, 2024 Budget: $47,000 Audience: ●Leisure Travel Intenders ○Age 20-64 ○HHI 125K+ ○Additional Profiles: Families, Empty Nesters, Outdoor Enthusiasts, Active Professionals ●Existing Customers ○Email lists (Brown) ○1st Party Data segments Tactics: ●Programmatic Display ●In-State Custom Email ●Paid Search ●Paid Social Arizona Utah Denver/ Colorado Drive IS Market Drive OOS Market DISCOVER VAIL: FY24 Fall Media Partners Discover Vail FY24 FALL CAMPAIGN PERFORMANCE DISCOVER VAIL: Paid Digital Performance 3,641,191$480,277 HOTEL REVENUE GENERATED (ADARA IMPACT) 0.09%816 HOTEL ROOMS BOOKED (ADARA IMPACT) 28% ABOVE INDUSTRY BENCHMARK ROI: $10.79 Against $44,475 of trackable media IMPRESSIONS CLICK-THROUGH RATE DISCOVER VAIL: Paid Digital Creative DISCOVER VAIL: Paid SMM Performance 2,153,171COST PER RESULT (LPV) 1.22%30.42% ENGAGEMENT RATE 2%-5% INDUSTRY BENCHMARK IMPRESSIONS CLICK-THROUGH RATE 418,842 REACH 12,988 LANDING PAGE VIEWS (LPV) 2.20% INDUSTRY BENCHMARK $0.79 $1.00 INDUSTRY BENCHMARK DISCOVER VAIL: Paid SMM Creative DISCOVER VAIL: Paid SMM Insights Prospecting Campaign ●Each ad set targeted a different audience: ○Outdoor Enthusiast: Ages 21-64 ○Family: Ages 27-58 ○Empty Nest: Ages 59-64 Retargeting Carousel ●People who interacted with the Fall Prospecting Campaign and all visitors to the website were delivered this carousel. Engagement rate was high at 7%. DISCOVER VAIL: Paid SMM Retargeting DISCOVER VAIL: Paid SEM Performance 482,418COST PER CLICK 22,99313.90% SEARCH CTR 1.4X ABOVE INDUSTRY BENCHMARK (10.03%) PERFORMANCE MAX CTR - 4.98% AVERAGE ACCOUNT CTR - 7.32% IMPRESSIONS CONVERSIONS (Key Events) 35,329 REACH 32.41% CONVERSION RATE MORE THAN 8X ABOVE INDUSTRY BENCHMARK $0.46 $1.17 UNDER INDUSTRY BENCHMARK UP 75.5% YoY DISCOVER VAIL: Paid SEM Creative Examples DISCOVER VAIL: Paid SEM Campaigns ●Brand (In State & Out Of State) ○Brand ○Brand DSA ●Events (In State & Out Of State) ○Events ○Events DSA ●Lodging (In State & Out Of State) ○Lodging ○Lodging DSA ●Things To Do (In State & Out Of State) ○Arts & Culture ○Biking ○Family ○Free Things To Do ○Golf ○Hiking ○Things to Do ○Things to Do DSA ●Seasonal Blog (In State & Out Of State) ○Always On “Vail for All Seasons” DSA ○DSAs updated on a monthly/seasonal basis ■October Things to Do ■Boutique Hotels ■Fall Leaves ●Performance Max (In State & Out Of State) ○Brand ○Lodging DISCOVER VAIL: Paid SEM Insights Clicks +71% CTR -56% CPC -11.5% Conversions (key events) +75.5% Conversion Rate +15% Cost/Conversion -18.5% Overall engagement rate was very high at 81%, up 3% YoY. Spend was up 51.5% YoY, helping yield the positive growth in KPIs without increasing CPC. Top locations for key events: Colorado, Texas, Arizona, Florida, California, Illinois DISCOVER VAIL: Paid SEM Demographics Discover Vail FY25 STRATEGIC SHIFTS DISCOVER VAIL: FY25 Strategic Shifts ●SEM ○Seasonal Asset Groups ■These will run in addition to our “always on” Brand and Lodging asset groups, but provide Google with a creative refresh that is more specific to the season. ○Demand Gen Campaign ■YouTube is 2X more likely than any other video services and social media platforms to be used for researching products and brands, and viewers rated YouTube ads significantly (16%) more trustworthy, credible and honest than ads on other video and social media platforms. ●SOCIAL ○The message in the retargeting ad isn’t clear and the CTA doesn’t give the user a clear understanding of what they will get if they click. The URL leads to an email newsletter sign-up page, but nothing about that is stated in the messaging of the ad. ●DIGITAL ○Continued evaluation of partners for 2025. ○Potential to layer on pre-roll video in 2025 to fill the gap at the top of the funnel and help drive high level awareness. DISCOVER VAIL: FY24 Fall Media