the indian digital traveler executive summary · the indian digital traveler –executive summary....

18
Request for complete study: [email protected] March 1, 2017 A custom study sponsored by Criteo The Indian Digital Traveler Executive Summary

Upload: others

Post on 17-Oct-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Request for complete study: [email protected]

March 1, 2017

A custom study sponsored by Criteo

The Indian Digital Traveler

– Executive Summary

Page 2: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Agenda for presentation at Phocuswright India on 1 March at 12noon

1. Travel Spending and Device Ownership on the Rise

2. Understanding The Digital Traveler’s Journey

3. Key Takeaways and Opportunities

4. Introduction to Criteo & Yatra Customer Story

#phocuswright2017

Page 3: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

3 | Copyright © 2017 Criteo

18%

14%

23%

Questions: A2, A3, A4, A5, A6A, A6B, E3

Survey Profile

N=300

50% 50% 23%

30% 29%

13%

5%

18-29

30-39

40-49

50-60

>60

≥ 100,000 INR

< 50,000 INR

50,000 INR - 59,999 INR

60,000 INR - 69,999 INR

70,000 INR - 99,999 INR 22%

23%

Gender Age Income

Device ownership or daily access

100%smartphone

61%tablet

94%laptop

68%desktop

Travel planning and booking

53%did online travel planning in the

past one month

92%made an online travel booking

in the past three months

Millennials Gen X Baby Boomers

Page 4: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Travel Spending and Device Ownership

on the Rise

1

Page 5: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

5 | Copyright © 2015 Criteo

7,154

32,305

2011 2012 2013 2014 2015 2016

CAGR 35.2%

Number of households possessing digital devices

Government support of e-commerce contributes to digital device growth

• Government initiatives such

as ‘Digital Literacy Drive’

(providing the knowledge to

its population on how to use

digital devices) and the

support of e-commerce are

the main drivers of digital

device possession in India.

• The growth of smartphone

and tablet possession was

higher than that of laptop and

personal computer because

of lower price point, and

convenience.

740

3,011

2011 2012 2013 2014 2015 2016

CAGR 42.0%

2,467

15,605

2011 2012 2013 2014 2015 2016

CAGR 44.6%

23,436

41,613

2011 2012 2013 2014 2015 2016

CAGR 12.2%

Page 6: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Understanding The Digital Traveler’s Journey

2

Page 7: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

7 | Copyright © 2017 Criteo

The digital travelers' journey

Dream Search Book Travel Return

Page 8: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

8 | Copyright © 2017 Criteo

57%56%

52%50%

44% 44%41%

40% 39%

36% 35% 34%

31%

16%

Travel websitesreviews/ posts/

forums

Internetadvertisements

of thedestination/

travel services

Social mediareviews/ posts

Experience fromlast trip

Attractions/activities of the

selecteddestination

Word of mouth Travel fairs/promos

Travel programsor related

shows on TV

Travelmagazines,

guides, books

Specific dates/occasions

Printadvertisements

of thedestination/

travel services

Personal advicefrom travel

professionals/travel agents

Price vis-à-visbudget

Otheradvertisements

of thedestination/

travel services(e.g. TV ads)

Total

Peer reviews and internet advertisements inspire traveling

All respondents are most influenced by travel websites reviews/ posts/ forum, however Baby Boomers are also influenced by

experience from last trip and internet advertisements of the destination/ travel services

Travel Decision-making InfluencersN=300

Dream

Page 9: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

9 | Copyright © 2017 Criteo

Online channels preferred for search because of convenience

Channels used to search for travel prices and products in the past 12 monthsN=300

It helps me to save time66%

69.7%65.3% 62.7%

31.7% 30.7%

Own websites/apps of travel

vendors

Online travelprice

comparators (e.g.Skyscanner)

Online travelagencies (e.g.

Agoda)

Phone call /physical visit totravel agencies

Phone call /physical visit to

the airline / hotelsales office

It is easier to compare travel

products/services online60%

It is more convenient to book

after browsing online58%

I can browse anytime I want58%

It is more convenient than

making phone/physical

travel enquiries

53%

Search

47% of respondents used

either or both of the

following offline channels

100% of respondents used a

combination of the following online

channels

Top 5 Reasons for Online Travel BrowsingN=300

Page 10: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

10 | Copyright © 2017 Criteo

Nearly 8 in 10 Indian travelers book 4 weeks or less in advance

65% most often book travel products/

services online on weekends

Time of booking of leisure and personal trips before departureN=296

Time of the week for online travel booking

4%

13%

15%

24%

23%

15%

5%

1%

Within 24 hours

2-3 days

4-6 days

1-2 weeks

3-4 weeks

1-2 months

3-4 months

5-6 months

Book

79% 80%

27% 30%25% 24%

When I’m home

When I’m at work or school

During mydaily

commute

When I’m out but have time to do it

When I’m already

travelling

52% of respondents book

on-the-go

Location for online travel booking

of respondents book

leisure and personal

trips 4 weeks or less

before departure

Page 11: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

11 | Copyright © 2017 Criteo

Smartphone apps are the #1 booking devices for most in-destination activities

Top devices used to book for in-destination activities

N=300

Types of in-destination activities that travelers have made online booking for during the trips

N=300

Travel

37%

28%

45%

17%

34% 34%

29%

26%19%

34%28% 27%

17%

21%16%

26%

18%14%

113

17%

99

25% 89

20%84

23%

65

20%

64

25%

Others Laptop computer Smartphone browser for mobile sites Smartphone apps

Day trip (Excursion,

sightseeing)

Dining outTheme Park Museum/ cultural

attraction

Outdoor activities

(canoeing, rock

climbing, etc.)

Ticketed event

(concert, sports,

shows, etc.)

Page 12: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

12 | Copyright © 2017 Criteo

52% 52% 52% 54% 51% 47% 51% 48%

30% 33% 31% 29% 31% 36% 30% 38%

19% 15% 17% 17% 18% 17% 19% 15%

Posting commentson a general socialnetworking website

Online instantmessaging

Writing a review ona traveler review

website

Email Writing a review onan online travelagency website

SMS textmessaging

Writing orcommenting on

blogs

Personalconversations (in

person or viaphone)

Baby Boomers (>50) Gen X (40-49) Millennials (18-39)

Treat Millennials well, because they can make or break your reputation

Means of sharing travel experiences from trips with others, by age group

N= 300

Millennials are the most likely to share their experiences with peers

Return

Page 13: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Introduction to Criteo

& Yatra Customer Story

4

Page 14: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

14 | Copyright © 2017 Criteo

Criteo applies personalization and predictive bidding to each single impression

Lisa likes to scroll through

products in the ad.Mary engages with deals.Amy converts with simple

visual design.

Page 15: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

15 | Copyright © 2017 Criteo

Seamless support of the consumer journey across

Laptop

Mobile

Tablet

Android Others

iOS

Web

Open Web

Platforms

Publisher Ecosystems

Devices

Marketing Channels

Apps

Social

Native

E-mail

Page 16: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Increase in Transactions, Traffic Volume and Order Value

*Uplift from Aug 2015 to Mar 2016 | Copyright © 2017 Criteo. Confidential.

Yatra.com is India’s leading Online Travel Agency (OTA), with more than 30 per cent of local market share for all

online travel-related transactions.

62%Increase in Domestic Flight

Bookings*

54%Decrease in Cost per

Acquisition*

34%Increase in Average Order

Value*

“The strength of the Criteo Engine is that a consumer would not be seeing ads all the time on every site. Instead, they will

see the ads at the right frequency on selected sites determined and delivered by Criteo’s algorithms, as a reminder to

return to our site and complete the purchase.”

- Saurabh Gupta, Senior Manager - Marketing, Yatra.com

http://www.criteo.com/results/yatra/

Yatra observed that a high volume of online traffic

would not necessarily translate to increased

transactions. Competing retargeting solutions helped

Yatra experience an initial increase in conversion

rates, but these solutions operated separately and

hence the consumers would end up being served an

excessive number of display ads resulting in user

fatigue, and reduced sales conversions.

Yatra decided that it required a unified retargeting

platform – one combining the ad inventories from

Google, Yahoo! and Facebook, as well as other

publishers. With Criteo’s performance marketing

solution and extensive direct relationships with more

than 16,000 publishers worldwide, Yatra was able to

engage consumers with personalised ads or product

recommendations in real-time.

Ch

alle

ng

es

Th

e S

olu

tio

n

Page 17: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

17 | Copyright © 2017 Criteo

A trusted partner for leading online travel brands

OTAs

Metasearch

Airline

Accommodation

Car Rental

Tour Operators

Cruise

Rail

Page 18: The Indian Digital Traveler Executive Summary · The Indian Digital Traveler –Executive Summary. Agenda for presentation at Phocuswright India on 1 March at 12noon 1. Travel Spending

Thank you.

Feedback & Questions? Contact:

[email protected]