March 2007

TRAVELTRENDS™

Monthly travel insights from Compete

by Gregory Saks


CONSUMER GENERATED CONTENT: : LEARNING FROM THE INNOVATORS

When making travel decisions, consumers listen to one another. In total, consumer generated content (CGC) already influences $10 billion a year in online travel bookings. Consumers are increasingly embracing their peers’ voices online: 20% rely on CGC when planning travel, and they consider this content more credible than reviews from professionals or information from the brands themselves.

To understand how marketers can create a strategy for getting involved in the conversation, Compete analyzed the effectiveness of three innovators in the travel category that have already embraced CGC:


Key Findings:

As CGC in travel matures, marketers are asking two questions when considering CGC initiatives: How much control should I seek to maintain over the conversation, and how much exposure among travelers is appropriate? These initial questions will help define the direction of CGC campaigns, but the real questions is: how can these strategies be executed successfully?

MORE FINDINGS FROM COMPETE'S CONSUMER GENERATED TRAVEL CONTENT STUDY

To read the latest travel research from Compete and sign-up for TravelTrends, Compete's monthly newsletter for travel marketers, visit www.competeinc.com/travel


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