Statistics on the effectiveness of online video to promote travel and tourism products:
YouTube is now the second most popular search engine in the world and is owned by Google, which is the most popular one
comScore
reported in it’s
Digital Year in Review report that 179 million Americans watched online video
each month in 2010 and that more than 88.6 million people watch online
video on average in a day in December 2010 (up 32%).
According to eMarketer the usage of online video among the
100 leading retailers increased by 18 percentage points between Q4 2009 and Q4
2010.
The Nielsen
Company released
data showing the number of mobile subscribers over the age of 13 watching
online video on their mobile device in Q2 2010 reached 21.9 million (up 43%)
According to a recent report published on eMarketer,
the U.S. online video audience is expected to grow to 190 million
people by 2012. That’s 88% of the entire online audience.
A report from comScore
tells us that online retail videos are also working. From October 2007
to October 2008, the number of visitors to retail websites grew by 4%.
However, the number of visitors to retail websites who watched videos
on those sites grew by 40%.
So what are website owners doing about the changing online trends?
In an October 2008 survey of U.S. online retailers by Knowledge Marketing,
43.3% responded saying they planned to increase the amount of video or
streaming media available on their websites, making it the number one
advanced site feature that online retailers plan to add to their sites
in 2009. Take a look at all responses in the chart below.
More than 300,000 people have watched Authentic Holiday Films on YouTube alone
More than 83% of travelers in the U.S. use the Internet to research or book travel, according to Prospectiv’s 2006 nationwide Travel Poll.
More than half of UK internet users book their holidays directly online new research conducted by Nielsen/NetRatings on behalf of marketing agency Harvest Digital and pan-European advertising network Adviva have revealed.
Podcasting
News reported in September of 2007 that the online video audience in
the U.S. is now 134 million (representing ¾ of all U.S. Internet
users), with the average viewer watching 68 videos online a month, or
more than two per day.
Hotelmarketing.com reports in its Oct. 2, 2007 issue that a nationwide survey by Taylor Nelson Sofres (TNS) for Google and AOL
found that more than ¾ of respondents said online video was as good as
television for learning about advertisers, with more than 6 in 10
respondents saying they had taken some action after watching an online
video ad.
The
Hospitality Sales & Marketing Association International reported on
Sept 4, 2007 that a recent Travel Industry Association/Ypartnership
TravelHorizons-- study found that two-thirds of online adult leisure
travelers consume online video and audio clips.
The Wall Street Journal reported on Aug. 14, 2007 that Cisco
says consumer video will be responsible for a significant portion of
the Internet-based traffic increases from 2006 to 2011, with video
streaming and downloads increasing from 9% of all consumer Internet
traffic last year to 30% in 2011.
Burst
Media’s 2006 nationwide survey of online video viewers found that video
reaches beyond the youngest equally as likely to view online content as
the 18-24 demographics, with the 35-44 and 45-54 age groups age group
A recent article in the Wall Street Journal mentions that online video is starting to become one of the best performing formats for online marketing.
A study by the Kelsey Group found that “online
video can combine some of the traditional strengths of video
advertising (entertaining, informative, ability to elicit emotional
response) with the direct response capabilities of the Internet.”
Other studies have also found that “Streaming
video delivers nearly three times higher brand awareness and message
association, and more than 100% higher purchase intent and online ad
awareness than non-rich media ads.”
Video also performs extremely well with Search Engines (particularly YouTube
videos since the site is owned by Google). Clever marketers are already aware of
the power of video in SEO (Search Engine Optimisation) and it seems search engines are moving away from text search, making searches more interactive via video.
Unlike traditional television advertising, the results of an online
video marketing campaign are also measurable. Statistics are available
with regard to the age, sex, location, and the followup action of
viewers (eg visiting your website and purchasing a product).