Can Social Media Truly Increase Travel Sales?

Some great new stats out from Reuters and Bloomberg! Granted this is more for hotels and canned package vacations but it will start there and grow to niche markets. Read the full article here, highlights below:

  • Facebook linked 15.2 million visitors to hotel websites in 2010, a 35 percent jump from the prior year, according to a 2011 study by travel researcher PhoCusWright. Of that number, about 568,000 resulted in a booking—a conversion rate, in industry parlance, of almost 4 percent. That’s higher than the conversion rate from travel review sites.
  • Almost 118 million Americans alone will research travel purchases online this year, up from 114.5 million in 2011; online bookings will jump from just over $100 billion to almost $120 – to the tune of 98 million bookings.
  • First-time visitors to five-month-old Trippy are invited to sign in using their Facebook credentials and then are prompted to select a destination. The site combs data streams of relatives and friends to compile a list of recommended hotels and restaurants.

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