I'm going to get this out of the way: I wish I could read, let alone write, an article that did not in some way mention the recession. Unfortunately, I'm a firm believer in keeping one's head out of the sand, and as such, I have to be honest: the leisure market is having a bit of a lean time. It's not dead by any means, but it is definitely taking it easy for a while. I may be understating a larger problem, but while travel bookings are not what they were a year ago, people are still going on vacations. In other words, the recession is impacting the travel industry, but it is far from spelling the end. While we wait for things to pick up, I have compiled a list of tips to help keep your campaigns profitable until your customers can afford to splurge again.
When planning your campaigns, remember that the propensity to book varies depending on both the type of travel and the time of the year. In order to weather the gloom of an uncertain economic forecast, focus your efforts on capturing the sale and providing your customers the best value while the natural demand is highest. What this does for you is secures your profitability for later in the year, ensuring that your budgets go farther as a result of the search history you've built during the other parts of your fiscal year.
Here's how you can capitalize on travel's seasonal advantages. The first tactic: know your keywords. By engaging in a little keyword research, you can streamline your spending on the terms you'll need the most when the year gets leaner as bookings drop off due to industry seasonality. Part of this research includes building out a list of negative keywords-in the quest for relevancy and search rankings, it's imperative that you identify and load negative keywords into your campaign in order to protect your brand and cut down on wasteful ad spend.
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