european hotel investment conference what next: a vision ...€¦ · 30th european hotel investment...

37
30 th European Hotel Investment Conference What next: a vision for the hotel industry Paul Godman| Wednesday 7 November

Upload: others

Post on 05-Jun-2020

7 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

30th European Hotel Investment ConferenceWhat next: a vision for the hotel industry

● Paul Godman| Wednesday 7 November

Page 2: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Confidential + Proprietary

© Google Inc. 2016. All rights reserved.

Page 3: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Confidential + Proprietary

Page 4: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Confidential + ProprietaryConfidential + Proprietary

1.5%

Page 5: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Confidential + ProprietaryConfidential + Proprietary

>50%

Page 6: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Technology is changing.

The dynamics of the travel industry are changing.

People’s expectations are changing.

We are at the intersection of change

Page 7: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

Airbnb is now the most searched for

accomodation brand, replacing

Bookings.com

Source: Google Internal Data, based on exact searches for ‘co-living’ and ‘coliving’ from users worldwide

Page 8: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

69% of UK travellers

Purchased the different components of

their trip individually, i.e. not via a

package.

Source: Google/Phocuswright August 2017

Page 9: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great ExpectationsSource: The Evolving Digital Travel: McKinsey & Company

36 days45 touchpointsCross device

To book one hotel

Page 10: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Proprietary + Confidential

CURIOUS DEMANDING IMPATIENT

Page 11: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

15% of all searches

happening on Google every year are

new and have never been seen before.

Source: Google data

Page 12: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Proprietary + ConfidentialSource: Google Data, UK, Jan - June 2016 vs. Jan - June 2018

in the past 2 years

UK travel searches starting with ‘best’ increased by

best hotels in Madrid

25%

Page 13: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Increased consumer

expectations

Tech innovation

Continual business innovation

Page 14: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

60% of UK travellers

Would rather see a few travel options,

which reflect their travel habits and

preferences, rather than searching

through many options.

Source: Google/Phocuswright August 2017

Page 15: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

70% of people

expect an action to be completed

in as few a steps as possible.

Source: Google Research Great Expectations n=2000 UK Mobile Phone Users Feb’18

Page 16: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

76% of travellers

abandoned a mobile booking

when the checkout time was

longer than 1 minute.

Source: Google/Ipsos, April 2017

Page 17: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

People’s expectations are changing:How do you not only meet, but exceed the

expectations of the future consumer?

The Challenge

Page 18: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

How do you better assist people?

How do you ensure your company reflects the

expectations of the modern consumer?

Technology can help hotel companies

Be frictionless Be helpful

How do you create more meaningful connections with

people?

Be inspirational

Page 19: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

How do you better assist your customers?

How do you ensure your company reflects the

expectations of the modern consumer?

Be frictionless Be helpful

How do you create more meaningful connections with

people?

Be inspirational

Page 20: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

After implementing the

recommendations made

as a result of the AMP

test.

+11% conversions

Think with Google Case Study

Page 21: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Google has a unique understanding of the modern traveller.

Page 22: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Smart ReplySmart Compose

April 1, 2009: April Fool’s Day joke

Nov 5, 2015: Launched Real Product

Feb 1, 2016: ~20% of mobile replies

Page 23: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

“Book me a room in paris with a view of the Eiffel Tower”

Page 24: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

How do you better assist your customers?

How do you ensure your company reflects the

expectations of the modern consumer?

3 Areas of focus, for now and the future

Be frictionless Be helpful

How do you create more meaningful connections with

people?

Be inspirational

Page 25: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Prioritise customer emails for response 4x faster using machine learning tags

Control inventory and predict demand with analytics of over 100TB

We don’t have to do a lot of work to get

an answer, as Google does most of the

heavy lifting and scaling with the data.

Paul Clarke, Chief Technology Officer, Ocado

Page 26: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Google Great Expectations

Hey, it’s end of February and you haven’t booked

a holiday yet… how can I help?

Page 27: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Source: Phocuswright, "The state of voice in travel”, 2018

Smart Speaker adoption (US)

Page 28: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Conversational Machine Learning

Page 29: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

69% of travellers

are more loyal to a travel company that

personalise their experiences (online

and offline)

Source: Google/Ipsos, April 2017

Page 30: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection
Page 31: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection
Page 32: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

How do you better assist your customers?

How do you ensure company reflects the expectations of the

modern consumer?

Be frictionless Be helpful

How do you create more meaningful connections with

people?

Be inspirational

Page 33: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Google Translate

© 2017 Google Inc. All rights reserved.

Page 34: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection
Page 35: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Nielsen Catalina Research via the Advertising Research Foundation May 2017

5 - 35 %

50 - 80 %

Targeting

Creative

Page 36: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

Analyse and activate customer data to provide a more relevant,

personalised and assistive experience

Use data and tech to provide a seamless journey from

inspiration to post-booking

Be frictionless Be helpful

Use technology to delight users and create more meaningful

connections

Be inspirational

Page 37: European Hotel Investment Conference What next: a vision ...€¦ · 30th European Hotel Investment Conference What next: ... People’s expectations are changing. We are at the intersection

This publication has been written in general terms and we recommend that you obtain professional advice before acting or refraining from action on any of the contents of this

publication. Deloitte LLP accepts no liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication.

Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London, EC4A 3HQ,

United Kingdom.

Deloitte LLP is the United Kingdom affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and

each of its member firms are legally separate and independent entities. DTTL and Deloitte NWE LLP do not provide services to clients. Please see www.deloitte.com/about to learn

more about our global network of member firms.

© 2018 Deloitte LLP. All rights reserved.