How to Measure ROI for Hotel Key Card Advertising
Measuring the return on investment (ROI) for hotel key card advertising is crucial to determine its effectiveness. To assess the impact, we focus on reach, impressions, cost-per-thousand (CPM), and conversion tracking.Reach: Reach refers to the total number of individuals who are exposed to your branded message. With hotel key card advertising, you can predict reach based on hotel occupancy rates, room availability, and the average number of guests per room. If the hotel has a high occupancy rate, your message can easily reach thousands of guests in a short period.
Impressions: Each time a guest uses the key card, they see your ad, multiplying the impressions. For example, if a guest uses the key card five times a day over a three-day stay, that equates to 15 impressions per guest. Over time, those impressions add up significantly, leading to a high ad recall rate.
Cost-Per-Thousand (CPM): One of the best metrics to measure the cost-effectiveness of your advertising is CPM (cost per thousand impressions). When compared to other out-of-home (OOH) media formats like billboards or digital screens, hotel key card advertising often provides a lower CPM. Typically, CPM for key card advertising can range from $2 to $4, depending on the hotel’s location and audience profile. This makes it a cost-effective strategy compared to traditional OOH formats.
Tracking Conversions: Including QR codes or promotional codes on hotel key cards can help track direct conversions. For example, when guests use the key card and are prompted to scan a QR code, the number of scans can provide concrete data on engagement. If the ad includes a promotional offer, tracking how many guests redeem the offer online allows for accurate measurement of the campaign’s success.
Frequently Asked Questions (FAQs)
1. How effective is hotel key card advertising compared to digital ads? Hotel key card advertising offers a tangible and prolonged exposure that digital ads often lack. Guests repeatedly engage with the key card during their stay, which increases ad recall.
2. Which industries benefit the most from hotel key card advertising? Industries like travel, luxury goods, healthcare, and technology see the most benefits, as their target demographics often align with hotel guests.
3. How can I track the success of my hotel key card advertising campaign? Tracking can be done through QR codes, landing pages, or promo codes on the key cards, allowing you to measure engagement and conversions.
4. What is the average CPM for hotel key card advertising? CPM can range between $2 and $4, making it highly competitive compared to other out-of-home (OOH) advertising formats like billboards and transit ads.
5. Are there specific hotels where card advertising is more effective? Yes, focusing on luxury hotels and those in business districts or high-traffic tourist areas can ensure that your message reaches an affluent and engaged audience.
If you’re looking to engage a high-value audience with prolonged exposure at a low cost, card advertising might be the perfect solution. This unique in-hand advertising method ensures repeated exposure while guests interact with your brand message multiple times per day. Want to explore how this can work for your brand? Request our Media Kit and get insights into real case studies and strategies. Don’t miss out on an opportunity to be a part of their stay. Watch the video below for more details on how hotel key card advertising can elevate your next campaign.