94 – Brand marketing for hotels, what should it be?
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Nike experienced a significant stock price drop of $25 billion, or 32%, on June 28, 2024. The slump was due to an over-focus on Return on Ad Spend (ROAS) and performance marketing, neglecting the brand's emotional connection with consumers. Brand marketing is suggested to complement performance marketing to achieve long-term success. Amazon allows hotels to advertise on platforms like Prime Video and Twitch, highlighting the importance of brand-building in the hotel industry. Hotelbeds' parent company launches The Luxurist, featuring over 3,300 properties across 141 countries, to enhance the B2B premium travel sector.
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