What is Metasearch, and Why Does It Matter?
Lots of questions surround metasearch, especially today with so many changes taking place. To define it in simple terms, an OTA provides a guest a list of hotels and rates in a destination for their desired stay dates - metasearch takes it a step further by taking that list of hotels and including multiple website options where the guest can book the hotel and what rate each site has available, including the hotel website and OTAs. The meta channels don’t actually sell the hotel rooms, but instead provide the information for the shopper. “There are about 40 or 50 different metasearch sites right now, with the bigger ones like trivago, Kayak, and TripAdvisor, having 50 to 70 percent market share,” said Scott. But other than reach, why is it so important for us to be talking about metasearch now? According to Estella, it has to do with the new relevance of metasearch per Google’s recent updates. “They focus even more now on the user experience, and meeting guests where they are. This matters, because you, as a hotelier, absolutely need to be where your guests are, too.”
So, What’s Really Going on with Google Now?
To answer this question, it’s
How to Succeed in a Meta Auction
“OTAs are getting 24 percent, or one in
How can You Optimize Your Conversion Rate?
When we talk about metasearch, we obviously focus on the bidding and price parity side of things, but it’s important to also focus on how you’re converting those customers who come to you via meta too. Scott feels that one very important aspect is breaking down what he calls “data siloes” so you can get more out of what you are collecting by bringing data together. With Google Analytics, for instance, you can look at the finer points of the data being collected. “But examining data on your own can be very intense work-wise, so many hotels find that they benefit from using a data partner to help you to break it all down and truly harness it to your benefit.”
The Big Picture
Estella believes that as you work through all of these methods for improving your metasearch results, it’s important to look at the larger meaning of what is happening now. “It’s such an exciting time for hoteliers because the opportunity is huge for them to appear where their guests are looking, then link them to their hotel website where they can then optimize things for guests’ eyes,” explained Estella. This is where all that data that Scott mentioned before comes in for customization. “That customization is what will really push your conversion rate, coupled with a strong booking engine, and staying in parity,” she added. “When you can meet your guests where they are, and then give them what they need, stronger conversions are likely, as is loyalty and truly owning your guests’ experience.”