Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business. You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy.

Get it on Amazon (Kindle/Print)

Loyalty rewards are still motivating travellers

Three out of five travellers (61%) pay attention to the quality of the loyalty rewards on offer when making travel purchase decisions, the study found. However, travel operators are failing to meet reward expectations with over two thirds (67%) of consumers claiming they are not satisfied with current programmes.

These findings highlight the impact that reward programmes now have on revenue generation and customer retention, with around three quarters of travel customers potentially choosing a competitor if reward programmes are not up to scratch.

The study, entitled 'A Guide to Reward Programmes: The Traveller's Review', questioned 4,000 consumers globally and found that, despite being the first sector to introduce reward programmes in the 1970's, travel is now falling behind other industries when it comes to loyalty rewards. The retail, food & drink and the finance sector all ranked higher than travel in terms of consumer satisfaction and quality of reward programmes.

Combined with the fact that in 74% of cases a rewards programme can be the tipping point between a customer choosing one brand over another this suggests travel companies need to re-think their reward programme strategy.

When members were asked about the areas where travel programmes were falling short, three key areas stood out:

1. Ease of use
   Nearly two thirds said that reward programmes were overcomplicated (64%) and hard to use (63%);
2. Relevance and Choice
   More than eight out of ten travellers (86%) said more choice of rewards would help improve their experience;
3. Service levels
   Nearly seven in ten (69%) said they were unhappy with the level of service offered by their travel loyalty programme of choice.

"Today's connected traveller expects benefits from travel brands that are tailored to their individual needs," said James Berry, e-commerce director for Collinson Latitude. "If the user journey is poor, the transaction is too complicated or they can't find the reward they want, members will rightly look to other suppliers - waiting is not an option and a one size fits all approach doesn't fly anymore."

The study concluded that, by taking a few simple steps to address the issues highlighted, travel companies can improve the value of their reward and redemption programmes, having a big impact on customer satisfaction and retention.

"To genuinely improve the way reward members perceive travel programmes, it's important to understand who customers are and what it is that they are likely to find rewarding. Deeper insights into customer behaviours give travel operators a critical competitive edge," concluded Berry.

Have you seen The Customer Experience Factbook?

In this 180+ page report, you'll find all the information and support you need to build a profitable, effective CX Improvement Program that spans every part of your business.

You'll be able to implement and manage meaningful and profitable change, and grow your bottom line despite a slowing economy. Grab this goldmine of easily adaptable and up-to-date strategies, walk-throughs, trends, technologies, research, suppliers and partners, plus all the supporting arguments you need to build a solid CX strategy.

While most marketers could list maybe a dozen key points for improving their brand's Customer Experience (CX), the researchers and writers at The Marketing Factbook have identified FORTY main 'CX Keys' which will help you drive your customers to new levels of delight, loyalty, advocacy and profitability.

The areas in which customers have direct contact with your organization are perhaps the most obvious places in which CX improvements can be made, and this report addresses all 24 of these 'Direct CX Keys', applicable to offline and online businesses alike.

At the same time there are many other areas that indirectly affect CX (such as the supply chain, policies and processes) in which every business can make simple but far-reaching improvements. This report guides you through the problems and solutions for all 16 of these 'Indirect CX Keys', many of which are often forgotten or under-played even in the best CX strategies.

Get it on Amazon (Kindle/Print)