Category

Hospitality

NVISION Insights and Innovation Team
In Hospitality, Technology, Marketing Trends, Digital Marketing, Marketing Strategy, Retail Trends, CPG, Food for thought, Gaming

Mixed Reality Marketing: Three-Dimensional Storytelling

man with vr goggle on

Marketers are always seeking the next big thing; whether its an emerging trend, a new generation of consumers, a viral social platform, or a technological innovation. Many experts predict that the “next big thing” for brand marketers is the Mixed Reality (MR).

Mixed Reality (MR), including Augmented Reality (AR) and Virtual Reality (VR), is becoming more and more attractive. Technological advances give customers a whole new way to visualize and experience products in different settings.

According to David Roe in CMS Wire, “MR, also referred to as hybrid reality, is the technology that is used to merge real and virtual worlds and produce new environments and visualizations where physical and digital objects co-exist and interact in real time.” It is predicted that a staggering 100 million consumers will be using MR by 2020.

In order to ensure future success, brand marketers should stay ahead of the curve and be able to capitalize on the opportunities presented by advances in MR technologies. So, what can brands do to take advantage of MR technologies?

AR on magazine and direct mail

Reimagine Advertising

MR technology enables marketers to be creative with their advertising experience by placing the brand image closer to the eyes of consumers.

Brands can take customers on an experiential “test drive” of their product before making purchase decisions. This builds confidence in their product with ads that can transform UX and the buyer’s journey into the next level.

Using MR technology, brand marketers can also tailor their ads by applying consumer’s preferences where the content of each ad shifts by specific circumstances and even with different languages.

This will help brands tell a better story in a more compelling and a meaningfully interactive way. With Millennials and Gen Z becoming the prime consumer group, the early adopters will have the upper hand in providing a superb customer experience and staying ahead of the competition.

Let Users to Truly Connect

Where there is content, it gets shared. You and five billion other smartphone users instantly connect via various social platforms. AR and VR are the new channels that marketers should consider to increase brand awareness. It is a new way for consumers to connect with your products on a deeper level, from the first-person perspective

For example, home-building brands can implement ways for customers to visually rotate and move furniture online in 3-D, enabling them to more easily see which products look best to them. They can also “see” how various materials and finishes will look and feel in a digital mock-up of a home.

This new trend also bridges the gap between the old and the new. The traditional marketing tactics are evolving as digital and virtual technologies mature, becoming a new storytelling medium for a new revenue stream.

Especially in the form of AR, where no wearable device is required but your smartphone to connect consumers with your products. Simply point and scan brochures or catalogs with an AR app to make a purchase or receive relevant product information and tips.

female using interactive screen to customize shopping

ChatBots 24/7

Some service leaders are now using artificial intelligence (AI) and virtual customer assistants (VCAs) as tools in their contact centers. Brand marketers should consider developing VCAs that can effectively interact with and provide technical support to customers.

By allowing well-equipped bots 24-7 to handle basic customer service queries, customers are cared for when needed, resulting in establishing trust-based relationships between customers and your brand. Using bots can also significantly reduce wait times for customers seeking assistance, which will increase customer satisfaction with your brand.

In the meantime, human representatives can focus solely on helping customers with complex, in-depth issues that require multi-layer customer support. As a result, they will become loyal shoppers and will recommend your brand to others.

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As new MR technologies become more available, brands need to capitalize on the different ways to use them in relation to consumers.

By assigning bots to assist customers with simple service inquiries, giving shoppers the opportunity to virtually test drive your products with AR before committing to a purchase, and provide a meaningful first-hand experience to connect with your products, brand marketers can enhance brand awareness, increasing demand generation to drive sales and revenue.

Related blogs:
2020 Shopper Marketing: Are You Ready For This New Wave of Consumers?
Looking Ahead: What Winning Customer Experiences Will Look Like in 2020
Top Brand Marketing Trends for 2019

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For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Healthcare, Hospitality, Marketing Trends, Digital Marketing, Marketing Strategy, Retail Trends, Online shopping, E-Commerce

2020 Shopper Marketing: Are You Ready For This New Wave of Consumers?

woman holding mobile phone shopping

Due to advances in technology and society, the way that consumers shop is radically changing. And consequently, according to Robert I. Tomei at IRI, the future is looking up for marketers.

Analysts predict to characterize the 2020 shopper by multicultural diversity, age, and technology.

Hispanic consumers, as well as Millennials, are beginning to dominate the shopping world. And the majority of them are using their smartphones or laptops to do it.

So, how can marketers and businesses prepare for the 2020 shopper?

Millemmial Marketing

Use Digital Platforms to Better Meet the 2020 Shopper’s Needs

More and more 2020 shoppers turn to their smartphones first before making a purchase in order to compare prices and search for different products. However, many of them do still prefer shopping at brick and mortar stores where they can actually see and feel a product before purchasing it.

The best method for marketers is to combine these two experiences. The first step is to build a strong online platform that drives customers into the store. Then, establish a positive connection in store to keep them engaged and satisfied with their purchases, so they’ll keep coming back.

Use digital platforms as well as legacy marketing assets to appeal to the habits of the 2020 shopper. The better in sync your physical and digital marketing efforts are, the stronger your brand will be in their minds.

Employ Marketing Techniques that Relate Specifically to the 2020 Shopper

As Tomei explains, “There is no such thing as a simple, one-size-fits-all marketing and sales strategy in today’s rapidly changing marketplace.”

To succeed, Tomei suggests marketers need to do three things:

  1. Understand the emerging 2020 shopper.
  2. Use their preferred digital platforms and channels to engage with them.
  3. Drive them into retail stores for experiences that convert.

The 2020 shopper is looking for a customized experience, one that’s tailored to their needs. The easier the process is for them to find and purchase what they need, the more satisfied they will be. And the more likely they will return, as a result.

hand holding mobile phone with AR

Remain Up to Speed with Market Changes

The 2020 shopper is shaping up to be different from the kinds of consumer groups that previously dominated the market, and therefore will respond differently to legacy marketing strategies and assets. For this reason, new tactics will need to be employed to reach them.

Marketers must remain agile to the constant changes that occur within the consumer industry and react swiftly by taking advantage of new ways to reach customers as they are made available.

The success of your brand depends on how well you can adapt and utilize these changes. A flexible supply chain and responsive marketing operations will be critical.

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The 2020 shopper is going to be more diverse, younger, and more connected to technology than previous consumers. By taking advantage of these factors, marketers can relate directly to the 2020 shopper and offer a customized, streamlined consumer experience that meets their unique demands and keeps them loyal to your brand.

By working with a partner who can help you prepare for the 2020 shopper and take advantage of new methods to reach them, your brand can compete in the ever-changing consumer market, instead of being left in the dust.

 

Related blogs:

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In CMO, Hospitality, Marketing Trends, Digital Marketing, Marketing Performance Measurement, Marketing Strategy, Online shopping

Millennial Marketing: It’s a Whole New Ballgame

Millemmial Marketing

The world is changing, thanks largely in part to the efforts, habits, and preferences of “millennials.” And the field of marketing is no exception.

Millennials, those of us born between the early ‘80s and early 2000s, are now the single largest age demographic in the United States. There are currently 87.5 million millennials living in the U.S., compared to just 83.7 million “Generation X” Americans (those born between the mid-‘60s and early ‘80s) and 66.4 million “Baby Boomers.” This means one thing very clearly: to be successful in marketing today, you must engage with these millennials, and savvy marketers must understand their psychology.

Which is why NVSION has gathered some of the latest data on the psychology of millennial shoppers, and how marketing organizations can leverage this information.

hand holding mobile phone with AR

Millennial Spending Preferences: What Marketers Should Know

Due to broader differences in modern culture and values, millennials show distinct preferences for certain industries when it comes to how they spend their hard-earned money. By understanding this fact, marketers in these industries can feel confident in strategically focusing their efforts on capturing this millennial audience and allocating their marketing budgets accordingly.

Here are the Top 5 areas where millennials spend their money.

  1. Socialization. Whether nights out on the town, social organizations like recreational sports leagues, or just fun, once-in-a-lifetime experiences, millennials spend the lion’s share of their disposable income on socialization. Fun is on the menu for them.
  2. Education. We’ve all heard horror stories about student loan debt and for-profit colleges. But millennials are also spending their money on personal continuing education opportunities, like language courses, classes that teach specific skills (like cooking or brewing), and other opportunities to increase their knowledge.
  3. Apparel. We all want to look our best, and that’s especially true for millennials. Clothing retailers and marketers would be wise to closely study the psychology of millennials’ shopping behaviors.
  4. Services. The most precious commodity to millennials is time. As such, they are more willing to pay for time-saving services than any generation before them.
  5. Eating Out. Similar to the Services industry, millennials love to get their food out because it saves time and effort. They’re willing to pay a little more for it. Just look at the success of on-demand food delivery services like GrubHub and Uber Eats.

When you compare these trends to the top areas of spending focus for Gen X shoppers and Baby Boomers (things like pensions and insurance), it becomes clear that a one-size-fits-all marketing strategy just won’t work. Personal insurance marketers should be investing their marketing budgets differently than socialization marketers because their audiences – and their audiences’ preferences – are different.

Best Practices for Marketing to Millennials

Keeping the above spending preferences in mind, here are some best practices for marketers to leverage and increase millennial engagement.

Millennial Personalization

According to a study by the University of Southern California, millennials are 85% more likely to purchase a product if they have been exposed to it via personalized content. Whether this is with marketing promotions based on their personal shopping history or unique materials segmented for their unique buyer persona, millennials prefer highly personalized marketing.

In fact, a 2018 SuperOffice study found that 86% of consumers are willing to pay more for a product if marketed to them with personalized experiences. And that trend will only continue: customer experience will overtake price and product as a key brand differentiator among consumers by 2020. Agile marketing operations that can accommodate the creation of personalized experiences will win more millennial business for your brand.

Multi-Channel Marketing to Millennials

More than any other generation, millennials engage with brands across multiple different channels, including digital, mobile, in-store, and direct mail.

A recent study by the Harvard Business Review found that 73% of consumers regularly engage with their preferred brands via an average of four (4) different channels. What’s more, retail brands that engage their customers with a multi-channel marketing strategy see an average increase of 89% in customer loyalty and retention.

These numbers only increase for millennial shoppers, who own on average 7-8 internet-connected devices each. In fact, 60% of millennials expect a consistent experience across all of that brand’s channels. By working to establish well-organized, agile marketing operations, marketers can create the unified, multi-channel marketing experiences that win over millennial shoppers.

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The millennial generation becomes a larger portion of your marketing audience each and every day. By understanding their unique preferences, spending habits, and preferred methods of engagement, marketing teams can capture more of their business, increase overall revenue, and improve brand loyalty.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Hospitality, Digital Marketing

Digital Trends to Watch for Hospitality Marketing

As digital channels continue to disrupt more and more areas of everyday life, hospitality marketing is facing changes to its models, as well. That’s according to Modern Restaurant Management, who explains that digital travel sales are expected to hit $198 billion in 2018.

With more than 140 million adults slated to research their travel plans online, and half of those expected to do so via their smartphone or mobile device, agility and responsiveness in digital channels continues to become increasingly important for hospitality marketers. While print and promotional physical marketing materials remain crucially important, supplementing those streams with digital is now a foundational competency for marketers.

Here are five of the top trends in digital hospitality marketing.

Digital Channels Are of Primary Importance

As we mentioned above, digital travel sales are expected to reach $198 billion this year. That’s 140 million travelers primed and ready to engage with digital marketing campaigns. Through the entire buying journey, digital is now crucial each step of the way.  According to MRM, 71% of travelers use digital to plan their trip; 79% use digital channels to shop for their travel accommodations; and 83% use digital to actually book their trips.

What’s more, research shows that 61% of travel marketing spend is now committed to online channels. By working with a partner to optimize their digital marketing campaigns, hospitality marketers can capture an enormous amount of business.

Millemmial Marketing

To Win Younger Travelers, Leverage Search Engines

Search engines like Google and Bing are how most of us begin our quests for information these days, and travel planning is no exception. Research shows that 63% of travelers use a search engine at some point in their trip planning. However, search engine marketing is especially effective with younger shoppers.

As many as 57% of travelers ages 18-34 use search engines specifically to check accommodation prices, and 50% of those same travelers are able to recall the travel ads they see on search engines. Compared to just 36% for overall consumers, search engine marketing is a key piece for hospitality marketers.

Smartphone Use Is Rising

As smartphones become more powerful and prevalent, they are impacting every business vertical, including hospitality marketing. Recent studies suggest that 43% of consumers use a smartphone to search for travel accommodations. But when we segment that out into age groups, it becomes quickly apparent that Millennial and Generation Z shoppers have made smartphones an integral part of their buying journey. For shoppers ages 18-34, as many as 78% use their smartphones while traveling (an excellent opportunity for promotional on-site targeting), 67% use their smartphones to plan their trips, and over one-quarter (27%) use their smartphones to actually book their accommodations.

color light bulb illustration - design creativity

Visual Content Matters More Than Ever

Travel has always been a very visually appealing industry, and leveraging visual marketing materials is paying big dividends for hospitality marketers. 51% of consumers report that the visual imagery in travel marketing materials influences their decision to book. Not only are images influential, but they stick with shoppers memories much more effectively. 49% of travel shoppers recall a compelling visual image, compared to just 41% who recall a promotional price, and 37% who recall a targeted ad. If you can partner with a supplier who can keep production costs low and manageable, the ROI on visual marketing can be enormous.

Personalized Loyalty Programs Are a Critical Piece

Loyalty programs are a powerful way for hospitality brands to establish repeat customers and renewable revenue streams. In return, loyalty customers expect personalized experiences. 55% of travel loyalty program members acknowledge that program membership influences their decision-making process, so marketers would be wise to leverage it. But how? By offering truly personalized experiences, made possibly by an agile and efficient marketing supply chain.

In fact, travel loyalty program members are more likely to share personal information in exchange for custom-tailored offers, click-through on personalized online advertising, and recall personalized online ads from travel brands. These loyalty members want hospitality brands to leverage the wealth of information they know about the member to offer him or her truly unique, personalized experiences that are custom-tailored to his or her preferences.

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Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

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NVISION Insights and Innovation Team
In Hospitality, Marketing Trends

Top Trends in Hospitality Marketing for 2018

napkin-on-table-hospitality

The hospitality and travel industry is a trillion-dollar business, according to Deloitte. As with any lucrative industry, hospitality has become highly competitive, with large chain brands and independent boutique hoteliers competing for customers’ time, attention, and dollars.

And while the way that brands across all industries market themselves begins to change with the rise of digital and other channels, the hospitality industry would be wise to keep an eye on a few trends. That’s according to Jason Dent at Campaign Monitor, who explains some of the biggest new opportunities for hospitality marketers.

Personalized Customer Experiences

The more data you have about your customers, the more you can tailor their experiences in ways that truly wow them, add value to their stay, and win over their loyalty. For example, by leveraging information about their booking dates (are they near a specific holiday or anniversary?) their check in information (are they newlyweds with a single room or business colleagues with a double?), and any host of preferences they can opt-in to providing to you, you can offer them customized onsite experiences.

Whether you want to make the newlyweds aware of the couples massages available at your onsite spa, or let the business travelers know you have a fully-stocked internet café and lounge, when you understand your customers, you can market to them in the ways they love. With a highly responsive marketing supply chain, you can make it a reality.

gen-z-holding arms together

Point-of-Sale and Moment Marketing

The unique thing about hospitality marketing is that it’s one of the only industries where, generally speaking, you know exactly who is going to show up where and when. This gives brands with agile marketing operations a powerful opportunity to create compelling moments at check-in and at the point-of-sale. For example, if you know you will be hosting numerous attendees for the same conference or convention, signage and banners in the lobbying welcoming them and promoting certain amenities are strong ways to show you value their business.

This also enables highly agile cross-selling and up-selling opportunities. If your data shows that John Q. Guest often likes to have a drink at the hotel bar, or order room service, a personalized gift card waiting at check-in entitling him to a free drink or appetizer is a great way to encourage him to continue to spend money, and return as a loyal customer.

Millennial Loyalty

According to Forbes, Millennials now make up a bigger portion of travel and hospitality customers than any other generation. That means that understanding and catering to this demographic is of major importance. Millennials feel very strongly about the brands they love, and they are actually more prone to join and actively participate in consumer loyalty programs than other demographics.

To turn this fact into revenue, smart hospitality brands are investing in better integrating their loyalty programs into their marketing materials. Kiosks in the lobby where customers can easily opt-in; offering additional loyalty rewards points for activities Millennials prefer; using new technology like RFID scanners and QR codes to allow guests to link purchases to their loyalty accounts; these are all savvy ways that smart hospitality marketers are capitalizing on Millennial loyalty.

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Hospitality is big business, and that business is changing. By prioritizing the health, agility, and efficiency of your marketing supply chain, your brand can capture more revenue, and win more customer loyalty, than ever before.

Subscribe to the Blog

Why NVISION?

For more than three decades we’ve partnered with Fortune 500 companies to deliver marketing operations solutions. Led by a strategic account management team, we’ll help you develop, procure, fulfill and distribute printed collateral, signage, point-of-purchase displays, direct mail, branded merchandise and much more.

LEARN MORE