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The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

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Making Reviews Fit Millennials The latest innovations in hospitality reviews Matt Eames CCO
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Page 1: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Making Reviews Fit MillennialsThe latest innovations in hospitality reviews

Matt Eames CCO

Page 2: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

I’ll cover…

• Millennials Don’t Queue

• Visual Feedback

• Innovations in Reviews

• A Word From a Feefo Merchant

Page 3: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

MillennialsDon’t QueueAdapting to the changing

customer journey

Page 4: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

85%of people book their hotels

online

Source: PwC

Convenience is king

Page 5: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

“Hotels with a view in Paris…40%

of millennials buy online monthly

Source: PwC

Convenience is king

Page 6: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Convenience is king

1/3of millennials agree that

smartphones will become their main purchasing tool

Source: PwC

Page 7: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Convenience is king

38%make restaurant reservations

online

Source: Marketwire

Page 8: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

The power of feedback

29%Of millennials age 18-24 cite reviews as one of their most important decision factors

Source: Barclays Feedback Economy Report

Page 9: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Disruptive technology

…lose contact…

Page 10: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Case Study: McDonalds

Source: McDonalds

“To improve the overall customer and employee experience:

…self-ordering kiosks, handheld terminals and cashless payments.”

Page 11: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Visual FeedbackThe power of the play

button

Page 12: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Bring Reviews to Life!

90%of information transmitted to the brain is visual

Source: 3M Corporation

Page 13: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Bring Reviews to Life!

visuals are processed 60,000x

faster in the brain than textSource: 3RD-Force

Page 14: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Bring Reviews to Life!

increase in views on content that has relevant images

94%Source: Kissmetrics

Page 15: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Take simple text reviews…

“amazing service…

nothing was too much trouble”

“best breakfast at a B&B

we’ve ever had.”

“stunning views of the Eiffel Tower

from our room...”

“comfortable flight –

easy, efficient check in.”

Page 16: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

…and bring them to life!

Page 17: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Benefits of Video

video now appears in 70% of the top 100 search results listings

Page 18: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Benefits of Video

Videos are shared

1,200xMore than text and links combined

Source: Simply Measured

Page 19: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Why only have this…

Page 20: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

…When this says it better!

Page 21: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Or take this simple text…

Page 22: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

…and bring it to life with video!

Page 23: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

A better customer experience

In 2016, companies will mainly be competing on customer

experience

CXSource: Gartner Survey

Page 24: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

A better customer experience

choose the business that responds to reviews

65%Source: BrightLocal Consumer Report

Page 25: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

A better customer experience

Better feedback management could boost hospitality revenue by

3.2bSource: Barclays Feedback Economy Report

Page 26: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Innovationin Reviews

Page 27: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

iBeacon

Source: iBeacon.com

Page 28: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

iBeacon

“With an iBeacon network, any brand, retailer, or platform

will be able to understand exactly where a customer is in

the brick and mortar environment.

This provides an opportunity to send customers highly

contextual, hyper-local, meaningful messages on their smartphones.”

Source: iBeacon.com

Page 29: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Offline Feedback

Feefo Places is a way for

bricks and mortar

businesses to gather

feedback about their

products and services.

Page 30: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Offline FeedbackThree simple approaches to adding feedback collection to an offline POS.

#1. Send data

#2. Unique codes

#3. Electronic receipts

123 456 789

Please review your experience today

www.feefo.com

Page 31: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

• Needed to engage more

with customers

• Frustrated by inconsistent

reviews on TripAdvisor

• Inability to respond

effectively

• Lack of traceability

Case Study - Electric Cork

Page 32: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

• Feefo is now an integral part oftheir weekly managementprocesses

• Nearly 500 feedback responsesin 6 months. Over 2,000 now.

• Increased overall customersatisfaction score from 89% to98% in 4 months

• Multiple changes implementedon the back of feedback toimprove product and service

Case Study - Electric Cork

Page 33: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Co-owner - Denis “In a 16 week period since we began to use Feefo our

turnover increased by51%. This was achieved because Feefo helped increase our

customer retention by giving us a better idea of weaknesses in our food andservice, which we were able to correct immediately. Feefo also gave us moreconfidence in our product and we were able to give our customers more of whatthey liked. Finally the Feefo satisfaction score on our website gave us a tool togive our customers the confidence to reserve a table."

Case Study - Electric Cork

Page 34: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Co-owner Ernest “It has been great! The frustration with Tripadvisor was wearing us down where

now we have no more negative autopsies over poor reviews which took a lot of time and we lacked the necessary information to fix. As most people write their reviews in the morning and I can read it on my iPhone, it helps set the agenda for the day if needed. ”

Electric Cork – Results

Page 35: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Restaurant Manager Triona “I am delighted with the Feefo feedback as it mirrors what I hear on

the floor. It has also meant that when we do get negative feedback we can trace the customers booking, see what table they sat on, who served them and what they

purchased, before we respond to them and speak with relevant people on the floor or in the kitchen who the feedback concerns.”

Electric Cork – Results

Page 36: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Booking manager Toni “As we have really began to encourage online bookings,

it has made my job easier leaving more time to concentrate on the more exact

corporate bookings. It also helps me get a feeling how the restaurant is doing when dealing with my telephone bookings. I respond to all positive feedback every morning which personalises the online bookings”

Electric Cork – Results

Page 37: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

The Final Word: Best practice

• Be Transparent - Publish your feedback, good and bad! – [added benefit of keyword/SEO]

• Communicate - respond publicly to negative feedback promptly...and positive feedback if you can

• Embrace - make your staff aware and encourage them to look at it

• Incorporate - incorporate your feedback into your weekly management and staff evaluation processes

Page 38: The Caterer Digital Summit 2016 - Making Reviews Fit Millennials

Thank you!

Matt EamesChief Commercial Officer

Feefo.com


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