Hotel Metasearch Bid Modifications You Should Be Making
As the online travel industry grows, so does the need for metasearch optimization tools. Search engines have become increasingly complex, and there are now more players in the market than ever before. As such, you may find yourself faced with a new challenge: how to optimize your metasearch campaigns in an increasingly competitive landscape. Although we cannot bid on specific dates, there are many ways to update and customize your bids for prime optimization.
In-Market Audiences are a useful bid modifier that can be used to target people who are looking to travel soon. This bid modifier could be combined with other modifiers, like device targeting, to get even more granular with your audience targeting.
In-Market Audiences also allows you to target people who have already shown interest in travel plans so that you’re not paying for impressions that are less likely to result in conversions.
OTA Bid Modifiers
OTA bid modifiers are a way to increase or decrease your bid on a particular site like TripAdvisor, Google Hotel Ads, Trivago, etc.. This can be useful for ensuring the highest visibility on the channels that are most likely to convert for your brand. Alternatively, you can decrease the amount you’re willing to bid (or not bid at all) on channels that have a track record of lower performance. Travel metasearch optimization is all about getting the most bang for your buck while still maintaining your presence throughout the customer journey.
Check-in Day Modifiers
Since hotels are not able to bid on specific check-in dates, the next best way to fill need periods is by adjusting your bids for particular check-in days of the week. Have strong weekend occupancy but are somewhat soft in mid-week? Increase your bids for check-ins Monday through Thursday and decrease bids for Friday through Sunday. This will allow you to be present for more searches where you need the bookings and avoid spending unnecessarily when you’re already full.
Hotel Metasearch Management Best Practices
There are some basic best practices that should be followed when managing a metasearch campaign:
- Optimize your campaigns. There's a lot of room for improvement in terms of how many impressions each campaign is getting compared to others in the network, as well as where those impressions are being served (geographically).
- Use in-market audiences. These are audience segments based on consumers who have recently searched for products similar to yours, so they're more likely than non-qualified searchers who didn't find what they were looking for before coming across yours on the next page down (or wherever else!). This can help get better results at lower CPCs because people have already shown an interest in what you offer by searching for travel or hotels. This means there's less risk involved since they've already expressed their intention towards booking travel previously in their research.
- Adjust your bids for Check-in day, Length of stay, and/or Days to arrival. If you’re looking to encourage bookings for specific periods, the easiest way to have an impact is by increasing your bids for these variables.
There are many ways to update and customize your metasearch bid for prime optimization.
Although we cannot bid on specific dates, we can utilize in-market audiences and other bid adjustments to ensure the highest visibility with guests that are the most likely to book. It’s important to own the space for searches with the highest value to your business.
We hope this article has helped you understand how to better optimize your metasearch bid. There are a few more tips we didn’t mention here, but if you would like to learn more about optimizing your metasearch bids, then please contact us at https://metadesk.pro/sign-up/