disney breakout - merkle breakout the value of a ... • walt disney world • four theme parks...
TRANSCRIPT
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Disney Breakout
The value of a holistic
marketing effectiveness
initiative
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Welcome
Nathan Vadeboncoeur
Manager, Marketing Analytics and Optimization
Disney Parks and Resorts
Scott Nuernberger
Vice President
Quantitative Marketing Group
Merkle
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Objective
• Provide overview of an Disney’s multi-year marketing effectiveness initiative
• Highlight importance of a centralized data store for media and business
response data
• Demonstrate value generated for Disney through quick examples:
– Marketing performance dashboards
– Marketing mix models across the sales funnel
– Robust scenario planning and optimization
– Relevance to CFO on proving business impact of marketing program
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Business Overview
• Disney Parks and Resorts • One segment of the Disney Company • $12B in Revenue
• Disney Parks and Resorts Marketing • Responsible for all marketing
• Walt Disney World • Four Theme Parks (Tickets, Passes)
• New Fantasyland opened in December• Two Water Parks (Tickets, Passes)• 25 Resort/Disney Vacation Club (DVC) Properties ~25,000 Rooms
• Downtown Disney• Shopping, dining, night clubs
• ESPN Wide World of Sports• Disneyland
• Two Theme Parks (Tickets, Passes)• California Adventure Expansion (May)/Cars Land opened (June)• Three Resorts
• Disney Cruise Line • Four ship fleet
• Disney Vacation Club • Adventures By Disney• Aulani, A Disney Resort & Spa, Ko Olina, HI
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Marketing Effectiveness Initiative
Goals•Create robust, automated, holistic foundational data store•Transform analytics from last click to partial attribution model•Analyze performance data, along with associated costs and investments, to measure ROI and determine overall value•Use learnings to make wiser decisions on future goals, overall marketing mix, and specific campaigns and tactics
Considerations•Identify a “Common Currency” across media•Define, categorize and prioritize >200 metrics across all business units to develop meaningful and valuable KPIs •Provide granularity of data to allow for measurement at a variety of discipline, tactic and geographic levels •Support both analytic efforts and marketing performance reporting/dashboards
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Foundation is a centralized Marketing Effectiveness Data Store
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MEDS Feeds Weekly Dashboards for Specific Marketing Campaigns
7 * Note: all data changed to protect confidentiality
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MEDS Feeds Weekly Dashboards for Specific Marketing Campaigns
* Note: all data changed to protect confidentiality
Wealth of metrics available to select including:• Site traffic• Report bookings and room
nights• Social metrics
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MEDS Feeds Weekly Dashboards for Specific Marketing Campaigns
* Note: all data changed to protect confidentiality
Also showing awareness and intent metrics from market research
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MEDS Feeds Weekly Dashboards for Specific Marketing Campaigns
* Note: all data changed to protect confidentiality
Market level comparative metrics
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MEDS Feeds Weekly Dashboards for Specific Marketing Campaigns
* Note: all data changed to protect confidentiality
Map view provides wealth of metrics by market
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MEDS Also Feeds Centralized Reporting for all Media Activity
* Note: all data changed to protect confidentiality
15 * Note: all data changed to protect confidentiality
14 * Note: all data changed to protect confidentiality
Overall Media summary page with drill down dashboards for each media
TV Detail
Video Detail
Radio Detail
Print Detail
Online Detail
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Media Summary View Provides One Overview Across All Media
* Note: all data changed to protect confidentiality
15 * Note: all data changed to protect confidentiality
14 * Note: all data changed to protect confidentiality
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TV Detail Dashboard Can Also Drill Down into Dayparts, Networks, Markets
* Note: all data changed to protect confidentiality
15 * Note: all data changed to protect confidentiality
14 * Note: all data changed to protect confidentiality
15 * Note: all data changed to protect confidentiality
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Objective
• Provide overview of an Disney’s multi-year marketing effectiveness initiative
• Highlight importance of a centralized data store for media and business
response data
• Demonstrate value generated for Disney through quick examples:
– Marketing performance dashboards
– Marketing mix models across the sales funnel
– Robust scenario planning and optimization
– Relevance to CFO on proving business impact of marketing program
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Analysis Example #1: Funnel Models
* Note: all data changed to protect confidentiality 16
0% 20% 40% 60% 80% 100%
Online Booking Engine
Calls
Vacation Planning Kit
Web Visits
Search (Paid)
Search (Google Trends)
TV
TV
TV
TV
TV
TV
Display
Display
Display
Display
Display
Display
Contributions by Model
Base TV Radio Direct (DM/EM) Display Search
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Although the modeling focus is generally on driving resort bookings, additional models were built to assess the impact of media higher in the funnel
This view provider more complete picture of media impact along the sales funnel
TV has strong impact in driving on-line shops as does display
EM/DM has strong impact in DRC calls as well as net bookings
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Optimization scenarios can be run with any budget level and set of constraints. It is this flexibility that makes
scenario planning an effective tool to aid decision making
To illustrate, twelve optimization scenarios were run:
− Different overall budget levels (90%, 100%, 110%, and 120%)
− Different media held fixed
Any media not fixed were constrained to only change by plus or minus 30%
Results are highlighted in table below. The value in each cell represents the change in expected resort
bookings.
Detail media spend change for scenario highlighted in red shown to right
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Total BudgetScenario 90% 100% 110% 120%
Nothing fixed 1.8% 10.2% 14.3% 19.7%
Intent TV Fixed -2.1% 6.7% 12.3% 17.9%
All Intent Media Fixed -3.9% 5.7% 11.8% 17.4%
Media Change in Spend
Display (Conversion) $284,395
Display (Intent) -$356,623
Direct Mail (Conversion) $1,030,278
Email (Conversion) $297,177
Magazine (Conversion) $213,982
Radio (Conversion) $547,050
Search (Conversion) $1,537,745
Search (Intent) $582,038
TV (Conversion) -$1,292,684
TV (Intent) $0
Grand Total $0
The 6.7% increase was achieved by making these changes to spend by media
* Note: all data changed to protect confidentiality
Analysis Example #2: Optimization Scenarios
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-100%
-50%
0%
50%
100%
150%
200%
250%
300%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%
Marketing Spend as % of Revenue
Mar
gin
al P
rofi
t R
OI
Marginal Profit ROI = the profit generated with $1 increase in marketing investment over current spend levels (0% is break even).
Size of bubble represents size of marketing spend
Disney
Industry 5
Industry 4Industry 3Industry 2Industry 1
* Note: all data changed to protect confidentiality
Analysis Example #3: Comparative Analysis
Industry comparative view of marginal marketing ROI informs broad decisions on value of marketing as a whole
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Summary
• Disney embraced a long term marketing effectiveness initiative which included
organizational alignment and focuses on building required infrastructure
• The broad range of data gathered in a marketing effectiveness database
(MEDS) provides a complete picture of marketing activity and effectiveness for
all groups within Disney and their partners
• Always having the data present, validated, and up to date enables quick
turnaround of analyses to keep pace with quickly changing marketing
landscape
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Thank You!
Q&A
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