The recession hasn’t just reduced family travel budgets – it’s also changed how consumers buy their travel experiences. They are more mindful of what they select, and they demand more value. A combination of technology and recessionary discounting across the entire industry has, for good or bad, trained both leisure travelers and groups to hold out for a better deal, even if that means switching brands.
It will take time to regain the margins lost to rampant discounting, but lost customers can be regained if marketers think smart. BOHAN understands how cluttered and homogenous the travel advertising landscape is. We understand why brands often fall into that trap, and we know what it takes to convince stakeholders to break that pattern. Many times over, we’ve proven how smart marketing leads to long-term growth.
There’s no doubt that the travel industry is on a rebound, but that rebound comes with conditions: smarter, more demanding and better-informed consumers, a multitude of new marketing channels and an even more competitive marketplace. Marketers have to work harder than ever to show both differentiation and genuine value, and we have to do so in a media landscape that is larger and more fragmented than ever before.
BOHAN understands those issues, and we know how to help brands determine their true value and then showcase that value to the most relevant audiences, often in non-traditional ways.
Redefining Luxury In The 21st Century