Tag: return on investment

Home >> Posts tagged "return on investment" (Page 2)

BBOnline Improving? Dubious for Most

Our recent posts wondering if our observed improvement in the number of referrals from BBOnline was a sign that the troubled directory was returning to its former status as one of the higher referring directories turns out not to have statistical support across the board. [pullquote]Far too many properties are seeing numbers that still appear to be in free-fall.[/pullquote]We asked other innkeepers to provide stats showing traffic changes for specific dates (just so we would all be looking at the same numbers). Quite a few innkeepers shared their numbers, and others were shared (anonymously) by consultants in the industry. To recap, our Bed & Breakfast in Freeport Maine had seen a drop of nearly 90% in traffic from BBOnline following their site redesign in the fall of 2011. Nearly all properties who responded to our posts at that time reported similar drops in referrals. Last month we reported that, in recent months, we had seen significant improvement in their numbers - not back to the former levels yet, but significant, all the same. We asked innkeepers to provide information to see if this was a universal improvement, or if the beleaguered directory was still in the doldrums. [pullquote]Fully half the properties responding found that their recent referrals from BBOnline had dropped to zero![/pullquote]The results we received provide a fascinating cross-section. Properties responding were from all over the USA (and, of course, some were anonymous, so we don't know anything about them). Nearly half the properties responding found that their recent referrals from BBOnline had dropped to zero! Still others had cancelled because of the declines, prior to the dates we examined. Of those still receiving traffic from BBOnline, slightly more than half are seeing increased traffic, while slightly less than half are still seeing significant declines. Overall, the average property…

BBOnline Update

Following last week's post about a possible recovery for BBOnline, we received a few emails with stats from other properties. So far the results are about evenly split, half the properties reporting have seen an increase in traffic from September 1, 2012 through April 15, 2013, similar to our own, while the other half have seen referrals from BBOnline continue to decline. That said, the jury is still out, as we need more data to determine whether anything meaningful is going on. If you're willing to anonymously share the change in your referrals from BBOnline over the period above, please email them to scott at abouttheinn.com, and we'll collect the information and share the results in a future post.

BBOnline – Could Things Be Looking Up?

Is there any new information on the decline in traffic from directory BBOnline? We've been interested to see if traffic from BBOnline has improved over time, since the huge decline observed beginning in November, 2011, and lasting about a year. If you haven't see the earlier discussion of the lost traffic (up to 90% drops, in some cases), just click on the "Directories" tab at the top of the page. Recently another property owner emailed to ask if there was any new information on BBOnline. That's normal, of course, as seasonal properties whose busy season is summer begin to get ready for the new year, and want to be sure they are spending their marketing dollars effectively. Checking Google Analytics for our Freeport, Maine B&B we found a pleasant surprise! In our stats, looking at September 1, 2012 through April 15, 2013, and comparing it with the previous year, we found that BBOnline's traffic had increased over 200% (other directories declined during the same period). Before we get too excited about that, the traffic had declined almost 90% the year before, so a 200% increase after that drop does not bring it back to its former levels. It does, however, return it to being competitive with other directories, and to a more acceptable level. Certainly, if this increase continues, we could see traffic from BBOnline getting back to the old "normal" as time goes on. Have you seen increases (or decreases) in your traffic from BBOnline? If you would like to help us provide more comprehensive information, please send an email to scott at AboutTheInn.com. We'll keep your information anonymous, but if we get enough to provide useful information, will include it in a post that updates this information.

Google Analytics – Climbing Higher

At the end of January we gave two presentations on Google Analytics for innkeepers at the PAII (Professional Association of Innkeepers International) annual conference in Las Vegas. Last week we provided the presentation called "Getting Started with Google Analytics". This week we'll wrap it up with our other presentation, Google Analytics - Climbing Higher. In this presentation we'll look at Ecommerce Tracking, Goals, Multi-Channel Funnels, and a custom dashboard for a quick overview of the performance of paid listings. You can add the Google Analytics dashboard mentioned in the presentation by logging in to your Google Analytics account, then clicking this link to add it to your Dashboards.

Year End Review: Cutting through the cobwebs

[Updated, December, 2014] In our previous posts, we've talked about organizing a year end review of your bookings and about the information that will help you identify guest booking trends and stronger or weaker performing rooms, providing an outline of the information you can track (or should start tracking) to prepare you for next year's review. In this concluding post we'll talk about a year end review of web analytics, specifically emphasizing paid listings. For the purposes of this post, we'll assume you have Google Analytics (or something similar - but we'll use GA for our examples and terminology) installed on your website. If not, you'll certainly want to have it installed soon, so you can track information for next year. [pullquote]Our Key Performance Indicators are Referrals and Bookings over time.[/pullquote]The primary things we want to look at (our Key Performance Indicators, or KPI's, if you will) are referral sources and bookings over time, and specifically bookings and participation in bookings from our paid listings. In plain English, how is our website doing at attracting traffic and converting it to bookings, and how are paid listings doing at getting us bookings. Referral Sources over Time For this piece of information, there are two things we want to examine. The first is quite simple - it is how did we do this past year, compared to the year before. To see this, in the Reporting section (top), we'll go to the left side menu, Acquisition -> All Referrals. Then go to the top right column where the date range is located, and put in the entire previous year (for 2014, that would be Jan 1, 2014 through Dec 31, 2014). Below that tick the box for Compare to Previous Period (or Previous Year) and click Apply. If you want to see…