Knowledge is power.
According to research conducted by Forrester, CX leaders have a 5 times greater revenue growth on average than stragglers. It isn’t necessarily about implementing brand new processes or gaining fresh information but rather using the information already owned by your organisation to better use. There is a lot of data flowing in/ out of your organisation:
- Social demographic & transactional info.
- Contact & response history.
- Social media data.
- Online data.
- Location data.
- Analytics (spend, POS data etc).
All of this data is available to you, but how much, how good and how valuable it does vary, if it can be collated and used correctly can help you define your customer's needs and wants. It is essential to avoid silos of data and to eliminate any duplication or confusion from the data stored.
A good CRM is essential to Automation.
Consider a good balance of quality and quantity of the data. You do need both, but you can tailor this depending on the application. (e.g. personalisation does need a critical mass to be effective). To establish a single customer view you need:
- Relevant data in a single place.
- Use the data to add value to the customer journey.
- Apply tech sensitively and appropriately.
- Be prepared for business change.
- Start small. Big will come later.
It’s about pulling together the relevant information you already have and using it to make incremental business changes that’ll give you a return on your investment.
AUTOmation vs MANual.
Data is the foundation of automation. Most automation is events driven and is triggered by a change in data… a cancellation, a complaint, a rebooking, an absence of a rebooking. Just because you can automate, doesn’t mean you should, and vice versa! Travel, especially leisure travel should not be seen as a commodity, it’s an experience from start to end.
If you can get away without automation then it doesn’t mean you should ignore it either.
As a travel company, you are offering a service as much as a product, the client interaction is key to this especially where you don’t control the end product – so an OTA for example.
Automation can provide a consistency of service that is as important as quality. A core driver for automation across all industries is to move humans up the value chain, enhancing processes more than doing them. Humans can do the ‘thinking’ rather than the ‘doing’ for example, which is essential when you are looking to make the customer journey understandable and relatable.
Engage with customer on their terms.
A key technique of enhancing customer experience is to use personalisation. The level of personalisation will be defined by the data you have as well as your brand and marketing strategies, but be aware that greater personalisation is now becoming the norm and expected by customers:
SmarterHQ surveyed UK and US consumers and 90% of them are willing to share data for a cheaper and easier experience.
Instapage reported that 74% of consumers felt frustrated when website content is not personalised.
Accenture reported that 91% of consumers say they are more likely to shop with brands that provide offers and recommendations that are relevant to them.
The customer expects the companies they engage with to know them. Customers are becoming more conscious of how their data is used. This does not mean we should not use it, but it does mean that customers expect the value from their data to benefit them.
Reinvention or evolution?
The new business landscape in tourism post-COVID has changed and companies will have to change to meet the new needs from the inclusion of Vaccination Passport information, safe destinations and greater risk over future travel bans. Inspiretec will continue to help its customers not just respond to this change but be prepared for the next big challenge the industry might face in the future. So if you are looking to reinvent your approach or just evolve your current systems then Inspiretec would like to leave you with these last few thoughts.
6 Steps to Success
- Create a single customer view (with clean data).
- Integrate platforms to share data.
- Use customer insight to personalise the journey.
- Automate to empower your experts.
- Offer self-service options.
- Extend the touchpoints beyond booking
When it comes to reinventing The Travel Customer journey, if you are implementing a brand new strategy or evolving an existing one, Inspiretec has both the experience and the capability to help you deliver the significant improvements that your customers deserve and expect. To start on that journey, experience our Travel CRM product for yourself at www.thetravelcrm.com