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Increased bidding on key search terms, including ‘brand searches’ that identify particular hotels, has sparked a sudden increase in cost-per-click, with Google Ads rising 62.5% In fact, the extra investment driving this change is making itself felt in other ways too. from $0.16 to $0.48 (up 128.6%). Download the report here.
Hotels can bid on metasearch advertising placements and pay when consumers click on the ad. Metasearch differs from OTAs in that you can direct travelers back to your website to drive direct bookings, and it works on a non-commission model; instead, you pay a costperclick (CPC).
Set a Budget and Bidding Strategy There are different bid types to help you meet your campaign goals: Costperclick (CPC) — set a maximum price for someone clicking on your ad. Cost-per-view (CPV) — you pay each time a user watches your video for at least 30 seconds. Contact us today to scale your business!
When it comes to your budget, you’ll often choose between a daily budget (the average amount you’re willing to spend per day) or a lifetime budget (the total amount you’re willing to spend throughout the campaign duration). All of this will be based on a costper result. Get in touch with us today to learn more.
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