In a digitized world, there’s no shortage of data sources for insights into the travel industry. All big players use big data to collect and analyze information about their rivals. Leveraging on this potential will help you not only improve your service, but increase your market share as well.
Social media platforms are great resources to gauge travellers’ experiences. Through posts and comments, travel services can find out where the hotspots are, or who’s been making vacation plans, and create targeted holiday packages.
Reviews and ratings on sites like TripAdvisor and Booking are great indicators of a competitor’s strengths, weaknesses and reputation. Analyzing such data helps you identify gaps, so that you can expand your services and improve your reach.
Analyzing how customers engage with rival OTAs online is a savvy way to understand your customers better. With that data at hand, you’re able to create and offer tailor-made packages, and provide memorable holiday experiences.