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HomeMy WebLinkAboutOLD - PresentationVLMDAC BOARD MEETING MARCH 16, 2023 Agenda I. MONTHLY FINANCIAL REPORT (5 minutes), Carlie Smith, Town of Vail II. APPROVALS •VLMDAC February 15 Minute Approval III. INFORMATION & DISCUSSION UPDATES •Spring Lodging Promotion Campaign (10 minutes), Miles •Media Update & Summer Creative (20 minutes), Miles •Content Approach (10 minutes), Miles •Town of Vail Updates Mia Vlaar & Jeremy Gross, Town of Vail •Other Business •Board Only Working Session with Carl Ribaudo, 90 minutes, (Board and Town of Vail) •Adjournment MONTHLY FINANCIAL REPORT MINUTES APPROVAL SPRING LODGING PROMOTION CAMPAIGN Late Winter Plan Overview: With many spring breaks ending in late March, but the ski resort staying open until at least 4/23, there is opportunity to drive increased demand for Vail lodging 4/1 - 4/23. Goal: Increase hotel bookings in Vail in April Late Winter Plan Recommended Timing: 3/20/23 – 4/23/23 Recommended Markets: · Denver DMA · Colorado Springs DMA · Grand Junction DMA · New Mexico (statewide) · Utah (statewide) Recommended Tactics: · Display/Native (Ad+Genuity) · Colorado.com - native and banners · Paid Social - carousel and stories · Paid Search Campaign Measurement: · Bookings pre-launch vs. post-launch · Clicks/Click thru rate/CPC · Searches/Search rate/Cost per search · Bookings/Bookings rate/Cost per bkg Late Winter Plan Late Winter Creative Late Winter Creative MEDIA UPDATE & SUMMER CREATIVE Media Update   Non-Winter Creative Goal of Creative: •Increase awareness of Vail as a non-winter destination •Capture attention; break out of tourism sea of sameness •Create an emotion and engage; Bring to life the magic, the dream Recommendation: •Use best-performing, most relevant assets from 2022 •Bring in new 2023 assets when applicable •Integrate additional target-relevant imagery where needed (family, empty nester) Non-Winter Creative 2022 Performance .24%.20%.19%.18%.17% Non-Winter Creative   2023 New Creative - Hero Non-Winter Creative   2023 New Creative - Tier 2 Non-Winter Creative   2023 New Creative - Tier 3 CONTENT APPROACH Content Plan Update Executed three audits to better understand: a.) Blog/Article Website Content b.) Video Content c.) Organic Social Media Presence These analyses informed channel recommendations and an overall content plan that integrate how Vail can develop and distribute written and video content to potential visitors and engage with them in a relevant, consistent way Presented initial findings, insights and recommendations last Friday Next Steps •Integrate partners in the next couple of weeks •Bring final findings to board in April TOV UPDATES Thank you! Upcoming Meetings: VLMDAC Monthly Meeting, April 20, 2023, Grand View Room APPENDIX