Customer behavior Tracking the effect of COVID-19 on digital KPIs - Contentsquare
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The evolution of online customer behavior Tracking the effect of COVID-19 on digital KPIs 1 DATA HUB - 2020 IN RETROSPECT
2020 in Retrospect: The evolution of online customer behavior ― New customers moved online. According to eMarketer’s Global Ecommerce Update 2021 report, global eCommerce sales grew by 27.6% in 2020, with new and existing customers spending a total of $4.28 trillion throughout the year. The pandemic encouraged consumers to try new digital behaviors, with many using telehealth, online entertainment, e-learning, and social media shopping for the first time. ― In-person retail was named non-essential. At the start of the pandemic, many retailers were labeled non- essential and forced to shut their doors. Companies had to meet customers online and quickly adapt to their new needs and behaviors, as many consumers opted for essential goods in favor of personal luxuries. ― Unprecedented digital acceleration. A recent McKinsey & Company report estimates U.S. eCommerce experienced 10 years of digital growth in just 3 months at the beginning of the pandemic. ― New consumer habits are here to stay. Even as stores reopened and lockdowns lifted this summer, customers continued to convert online, suggesting customers have fallen in love with the convenience of online shipping. We suspect these new behaviors aren’t going anywhere any time soon. ― Customer experience has become a key brand differentiator. Brands need to balance creating new, innovative digital experiences and fixing pesky site errors and on-page hiccups that could keep customers from converting. That’s how they can engage their customers and stand out from increasing competition. ― The separation between the physical and digital worlds is fading fast. Omnichannel strategies are now at the heart of companies’ objectives thanks to new immersive experiences and social commerce. 2 DATA HUB - 2020 IN RETROSPECT
Table of contents Methodology 04 Global overview 05 Traffic 06 Time per session 07 Transactions 08 Conversion rate 09 Industry focus 13 - SUPERMARKET 15 - HIGH-TECH 17 - SPORT EQUIPMENT 19 - MEDIA 21 - COSMETICS 23 - BANK & INSURANCE 25 - HOME FURNITURE 27 - RETAIL FASHION 29 - TELECOM 31 - JEWELRY & WATCH 33 - LUXURY 35 - TRAVEL 3 Best practices 37 3 DATA HUB - 2020 IN RETROSPECT
Methodology PERIOD: FROM JANUARY 6TH TO DECEMBER 31ST 2020 +900 WEBSITES IN THE WORLD +10 BILLION SESSIONS +50 BILLION PAGES 26 COUNTRIES 22 INDUSTRIES KPIS ANALYZED: TRAFFIC, TRANSACTIONS, CONVERSION RATE AND ENGAGEMENT (time spent, # of page views) 4 DATA HUB - 2020 IN RETROSPECT
GLOBAL OVERVIEW 3RD QUARTER VS 4TH QUARTER OF 2020 Traffic Time per session Transactions Conversion rate +23.56% +12.98% +38.11% +11.59% END OF DECEMBER 2020 VS EARLY JANUARY 2020 +18.6% +4.6% +78.1% +51.6% -90% 90 % -90% 90 % -90% 90 % -90% 90 % Traffic Time per session Transactions Conversion rate - All KPIs have increased since January 2020, which comes as no surprise as many consumers adopted new online behaviors as a result of the pandemic. - KPIs rose significantly between Q3 and Q4 thanks to continued concerns over in-store shopping, additional pandemic-related store closures in parts of the world, and the convenience of online shopping. This all contributed to a record-breaking holiday shopping season for eCommerce. 5 DATA HUB - 2020 IN RETROSPECT
TRAFFIC 130 125 January 2020 120 reference period = index 100 115 110 105 100 95 90 85 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Global online traffic mirrored the seasonality and severity of the pandemic. In March, as lock downs began, users surged online, while traffic dipped over the summer as stores reopened and people felt more comfortable social distancing outside. As the weather got colder and cases climbed, so did site traffic, as many shoppers chose to find and ship holiday gifts online this year. 6 DATA HUB - 2020 IN RETROSPECT
TIME PER SESSION 120 115 January 2020 reference period = index 100 110 105 100 95 90 85 80 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Similar to global traffic, time per session climbed during the first few months of the pandemic before taking a dip during the summer months as customers took time to enjoy the warm weather and take a much needed break from technology. Once the weather cooled and the holiday shopping season came around, users were back online looking for the perfect gifts for their loved ones and trying to find new ways to stay connected with friends and family during the holidays. 7 DATA HUB - 2020 IN RETROSPECT
TRANSACTIONS 200 190 January 2020 180 reference period = index 100 170 160 150 140 130 120 110 100 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Online transactions increased since the start of the pandemic. The most significant increase unsurprisingly occurred during the holiday season when eCommerce sales saw unprecedented online sales. 8 DATA HUB - 2020 IN RETROSPECT
CONVERSION RATE 155 150 145 January 2020 reference 140 period = index 100 135 130 125 120 115 110 105 100 95 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Overall, 2020 saw high conversion rates across all industries, even with low traffic during the summer months. This suggests many customers have embraced the ease and convenience of online shopping. 9 DATA HUB - 2020 IN RETROSPECT
Industry focus TRAFFIC EVOLUTION, DECEMBER VS JANUARY 2020 - Surging Supermarkets and Sports supermarket 9.9% Equipment: two industries that have seen a huge influx in digital traffic since the start retail tech 53.9% of the pandemic are grocery and sporting equipment. With restaurants closed and heightened concerns about the safety of sport equipment 45.9% in-store shopping, many customers tried online grocery shopping for the first time media 17.5% and fell in love with the convenience. Similarly, the closure of gyms pushed cosmetics 68.5% many people to invest in virtual workout services and at-home workout gear. We’re certainly not complaining about wearing bank/insurance -10% athleisure 24/7. home furnishing diy 16.5% - Tumbling Tourism: on the other hand, the tourism industry witnessed the biggest fashion 26.8% decrease in traffic. With many countries enacting strict travel bans and quarantine telecom rules, people canceled flights and hunkered -9.7% down at home for the pandemic. That said, local travel, car rentals, and camping did jewelry/watch 46.1% see small spikes in the warmer months as consumers tried to find responsible, nearby luxury 45.1% get-aways for a change of pace. tourism -56.3% -40 -20 0 20 40 60 10 DATA HUB - 2020 IN RETROSPECT
Industry focus TRANSACTIONS EVOLUTION, DECEMBER VS JANUARY 2020 supermarket 128.5% retail tech 118.3% sport equipment 78.5% media 20.2% cosmetics 153.4% bank/insurance 22.7% home furnishing diy 108.8% fashion 69.9% telecom -77.1% jewelry/watch 410.9% luxury 140.3% tourism -18.8% -50 0 50 100 150 200 250 300 350 400 450 The holiday shopping season proved particularly successful for industries across the board as consumers favored online shopping over in-store. 11 DATA HUB - 2020 IN RETROSPECT
Industry focus PAGES VIEWS EVOLUTION, DECEMBER VS JANUARY 2020 supermarket 93.6% retail tech 60.8% sport equipment 24% media 13.4% cosmetics 65.6% Not surprisingly, the same industries that experienced high traffic also saw bank/insurance -13% an increase in page views. The jewelry/ watch and retail tech industries were the home furnishing diy 15.6% standout stars, with page views increasing 166% and 165% respectively since the fashion 23.7% beginning of the year. telecom -17.6% jewelry/watch 71.8% luxury 35.5% tourism -65.8% -50 0 50 100 12 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Supermarket OVERVIEW DECEMBER VS JANUARY 2020 +96.9% +85.7% +128.5% +17.5% -140 % 140 % -140 % 140 % -140 % 140 % -140 % 140 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 63.2% Mobile 65.6% Desktop Tablet Desktop Tablet 33.6% 3.2% 30.8% 3.6% The supermarket industry was the unexpected winner of 2020. While online grocery shopping and in-store pickup have been around for some time, the pandemic pushed new users to try these services for the first time and fall in love with its ease and convenience. While we think these high KPIs are here to stay in 2021 and beyond, the industry’s biggest challenges will be figuring out how to keep their broad range of users engaged, maintaining this pace of growth, and turning new behaviors into habits. 13 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Supermarket TRAFFIC & CONVERSION RATE EVOLUTION 140 135 240 130 220 125 January 2020 January 2020 reference reference 200 120 period = period = index 100 index 100 180 115 160 110 140 105 120 100 100 95 80 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC The supermarket industries is one of the few industries that saw both traffic and conversion rates skyrocket during global lockdowns. While traffic dipped in summer, conversion rates continue to soar, proving that consumers were more intentional with their visits and had embraced online shopping for essential goods and new consumption habits have appeared. 14 DATA HUB - 2020 IN RETROSPECT
Deep-dive: High-Tech OVERVIEW DECEMBER VS JANUARY 2020 +53.9% +62.8% +118.3% +45.4% -130 % 130 % -130 % 130 % -130 % 130 % -130 % 130 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 59.6% Mobile 61.9% Desktop Tablet Desktop Tablet 36.1% 4.3% 34.1% 4% 2020 was a good year for the high-tech industry. Thanks to the shift to remote work and schooling and people looking for more at-home digital entertainment, many consumers upgraded their existing equipment or purchased new items. This trend is still going strong as COVID-19 cases continue to increase and people hunker down at home for the colder months. 15 DATA HUB - 2020 IN RETROSPECT
Deep-dive: High-Tech TRAFFIC & CONVERSION RATE EVOLUTION 150 170 145 160 140 January 2020 150 reference 135 period = January 2020 index 100 reference 130 period = 140 index 100 125 130 120 120 115 110 110 105 100 100 90 95 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC High-tech ended the year on a high note thanks to the irresistible deals during the holiday shopping season. 16 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Sport equipment OVERVIEW DECEMBER VS JANUARY 2020 +45.9% +24.2% +78.5% +22.2% -90 % 90 % -90 % 90 % -90 % 90 % -90 % 90 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 59.4% Mobile 61.4% Desktop Tablet Desktop Tablet 36.7% 3.9% 35.4% 3.2% When the pandemic forced gyms to close, consumers had to find new ways to stay active. This caused many individuals to invest in new at-home exercise equipment, virtual class subscriptions, and athleisure clothing, which accounts for the increase in the industry’s digital KPIs. 17 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Sport equipment TRAFFIC & CONVERSION RATE EVOLUTION 170 160 160 150 150 140 January 2020 reference period = 140 January 2020 index 100 reference 130 period = 130 index 100 120 120 110 110 100 100 90 90 70 80 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - The start of the pandemic closed gyms and put a stop to races and tournaments. To stay in shape and sane, fitness enthusiasts switched to at-home workouts, beefed up their home gyms, and signed up for online workouts. - Over the summer, KPIs dipped as the warmer months allowed consumers to exercise outside or participate in outdoor socially-distant classes. However, as the weather turns colder, there seems to be an uptick in both traffic and conversions. 18 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Media OVERVIEW DECEMBER VS JANUARY 2020 +17.5% +4.8% +20.2% +2.3% -30 % 30 % -30 % 30 % -30 % 30 % -30 % 30 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 70.4% Mobile 70.3% Desktop Tablet Desktop Tablet 25.2% 4.4% 23.8% 5.9% Despite the overall positive results outlined above, some media companies were luckier than others during the pandemic. Of course, streaming brands saw a boom in digital subscriptions, while in many cases movie theaters, TV, and traditional print media saw a steep decrease in membership and advertising spend. 19 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Media TRAFFIC & CONVERSION RATE EVOLUTION 240 220 160 200 January 2020 140 reference period = 180 January 2020 index 100 reference period = 160 index 100 120 140 100 120 80 100 80 60 60 40 40 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - Again, while the pandemic has been great for some media companies, others like music and press platforms have seen revenue drop as remote work put an end to many people’s daily commutes. On the contrary, news channels and streaming platforms benefited from traffic increases as people were hungry for more information during a period plagued by uncertainty. - High conversion rates during the first lockdown can be partially attributed to an increase in streaming subscriptions. For example, when Disney+ was launched in late 2019, its parent company projected it would reach 60 millions users by 2024. Thanks to the pandemic, it’s already reached this target – four years ahead of schedule. 20 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Cosmetics OVERVIEW DECEMBER VS JANUARY 2020 +68.5% +46.8% +153.4% +49.9% -160 % 160 % -160 % 160 % -160 % 160 % -160 % 160 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 70.7% Mobile 72.6% Desktop Desktop Tablet Tablet 25.1% 26.5% 2.8% 2.3% While the cosmetics industry saw initial spikes in traffic and conversions at the beginning of 2020, these figures dropped off over the summer months. Luckily, the industry ended the year with an outstanding holiday season. Even though people are staying home, they’re still investing in skincare, eye makeup to sport with a mask, and lipstick to add a pop of color to their Zoom calls. 21 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Cosmetics TRAFFIC & CONVERSION RATE EVOLUTION 210 180 200 170 190 January 2020 160 180 reference period = January 2020 index 100 170 reference 150 period = index 100 160 140 150 130 140 130 120 120 110 110 100 100 90 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC The year’s early spike in online performance can be directly connected to stores closing in March due to COVID-19 safety measures. Still, as stores reopened in the summer months, online traffic and conversions dipped, suggesting consumers may prefer to go in-store to touch and try products in-person. Still, high online performance during the holiday shopping season reminds us that physical and digital channels are complementary and should work in tandem. 22 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Bank & Insurance OVERVIEW DECEMBER VS JANUARY 2020 -10% -12.4% +22.7% +43.7% -50 % 50 % -50 % 50 % -50 % 50 % -50 % 50 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 35.84% Mobile 44.2% Desktop Tablet Desktop Tablet 61.86% 2.3% 53.3% 2.5% Mobile traffic shares increased by 9 points between January and December as customers become more accustomed to mobile banking. 23 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Bank & Insurance TRAFFIC & CONVERSION RATE EVOLUTION 130 150 125 140 120 January 2020 130 reference period = index 100 120 115 110 110 100 105 90 100 80 January 2020 95 reference 70 period = index 100 90 60 85 50 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC During the first half of the year, online traffic increased significantly, while conversion rates decreased. This could be because consumers were mainly looking to access their online services, rather than subscribe to new services. 24 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Home furniture OVERVIEW DECEMBER VS JANUARY 2020 +16.5% +0.2% +108.8% +77.9% -120 % 120 % -120 % 120 % -120 % 120 % -120 % 120 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 63.36% Mobile 65.8% Desktop Tablet Desktop Tablet 32.23% 4.4% 30.7% 3.5% Throughout 2020, the home furniture and DIY industry performed strongly. Because they were spending more time working, socializing, and living at home than usual, many individuals decided to invest more in their home décor and take on a few home improvement projects to pass the time. As a result, traffic, transactions, and conversion rates increased over the course of the pandemic. 25 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Home furniture TRAFFIC & CONVERSION RATE EVOLUTION 200 190 140 135 180 130 170 January 2020 January 2020 125 160 reference reference period = period = index 100 120 index 100 150 115 140 110 130 105 120 100 110 95 90 100 85 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - Like high-tech, home furniture saw its traffic and conversion rates go up during lockdown and the second wave due to consumers wanting to improve their home. 26 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Retail fashion OVERVIEW DECEMBER VS JANUARY 2020 +26.8% +20% +69.6% +33.2% -140 % 140 % -140 % 140 % -140 % 140 % -140 % 140 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 68% Mobile 74% Desktop Tablet Desktop Tablet 28.3% 3.7% 23.1% 2.9% Even though people weren’t socializing as much or showing up to the office, retail fashion’s KPIs faired positively this year. Consumers swapped jeans for joggers and button up shirts for sweatshirts, but still shopped for new clothes. 27 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Retail fashion TRAFFIC & CONVERSION RATE EVOLUTION 140 145 135 140 130 135 125 January 2020 January 2020 130 reference 120 reference period = period = index 100 index 100 115 125 110 120 105 115 100 110 95 105 90 85 100 80 95 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - Retail fashion’s 2020 performance matched the first and second waves of the pandemic. When stores closed and lockdown measures increased, online traffic and conversions followed suit. - Drops in traffic and conversion rates during the early summer period could be because of stores reopening and safety measures lifting. This suggests that online shopping might be a back-up for the industry, as consumers may prefer being able to touch and feel products in-person over online shopping. 28 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Telecom OVERVIEW DECEMBER VS JANUARY 2020 -9.7% -11.5% -77.1% -75% -90 % 90 % -90 % 90 % -90 % 90 % -90 % 90 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 54.6% Mobile 54.1% Desktop Tablet Desktop Tablet 43.6% 1.8% 43.6% 2.3% - The arrival of 5G in 2020 had many telecom companies feeling optimistic about the start of the new decade; however, many countries postponed its launch due to the Covid-19 outbreak. That, combined with a decrease in consumer purchasing power contributed to lower than expected annual revenue for many telco companies. - Due to the public health crisis, many businesses reduced their budgets for IT investments, leaving telco providers in a tough spot. They were expected to provide continuous, if not improved, services to their existing customers without increasing costs. 29 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Telecom TRAFFIC & CONVERSION RATE EVOLUTION 125 120 110 120 100 115 January 2020 reference 90 period = 110 index 100 80 105 70 60 100 January 2020 reference 50 period = index 100 95 40 90 30 85 20 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - The spring lockdown had a strong impact on traffic for the telecom industry. As the home office became the new norm and people spent more time online, data consumption increased. Telco companies were tasked with the challenge of providing good service and assistance to customers without increasing costs for consumers. Suddenly, the telco industry became an essential service. 30 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Jewelry & watch OVERVIEW DECEMBER VS JANUARY 2020 +46.1% +19.3% +410.9% +252.6% -420 % 420 % -420 % 420 % -420 % 420 % -420 % 420 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 71% Mobile 76.6% Desktop Tablet Desktop Tablet 26.3% 2.7% 21.3% 2.1% - Jewelry and watches were a hot ticket item this holiday season. Thanks to the Black Friday, Cyber Monday, and other holiday deals, conversion rates skyrocketed. - Mobile traffic increased by 5%, indicating brands might want to invest more heavily in mobile optimized experiences. 31 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Jewelry & watch TRAFFIC & CONVERSION RATE EVOLUTION 170 350 160 150 January 2020 reference 300 140 period = January 2020 index 100 reference period = 130 index 100 250 120 110 200 100 90 150 80 70 100 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - Looking at the evolution of the conversion rate during the year confirms the impact of the peak season on online sales. 32 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Luxury OVERVIEW DECEMBER VS JANUARY 2020 +45.1% +24.4% +140.3% +65.5% -150 % 150 % -150 % 150 % -150 % 150 % -150 % 150 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 77.4% Mobile 79.7% Desktop Tablet Desktop Tablet 20.4% 2.2% 18.9% 1.4% - Even as unemployment rates soared and consumers remained uncertain of the future, the luxury industry performed strongly in 2020. Overall, conversion rates increased +65.5%, while transactions spiked by an impressive +140.3%. Additionally, the holiday shopping season was particularly strong for luxury goods. - Mobile traffic shares also increased by +2 points since the start of 2020. Brands should make note of this trend and opportunity and ensure mobile holds a prominent place in their 2021 digital strategies. 33 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Luxury TRAFFIC & CONVERSION RATE EVOLUTION 170 150 160 140 150 January 2020 January 2020 reference reference 130 period = period = index 100 140 index 100 120 130 110 120 100 110 90 80 100 70 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - While Q4 was a particularly strong time for luxury performance, the year started on a different note. From January to March, traffic decreased as shops closed and lockdown measures were implemented. - On the other hand, conversion rates increased from the start first global lockdown. - The year ended on a high note for luxury e-tailers. Brands had improved their online experiences and benefited from the increased traffic and conversion rates of the holiday season. 34 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Travel OVERVIEW DECEMBER VS JANUARY 2020 -56.3% -66% -18.8% +86.5% -100 % 100 % -100 % 100 % -100 % 100 % -100 % 100 % Traffic Time per session Transactions Conversion rate TRAFIC SHARE PER DEVICE January 2020 December 2020 Mobile 51.9% Mobile 57.24% Desktop Tablet Desktop Tablet 43.8% 4.3% 40.16% 2.6% - The travel industry was hit hard by the pandemic. Health safety concerns grounded flights and kept many consumers at home. That said, the end of the year does have travel companies feeling somewhat optimistic. Holiday traveling did increase KPIs at the end of the year and brands are hopeful lenient refund policies, flexible booking, and the rollout of a vaccine will encourage consumers to take to the skies and seas again. - Another key indicator to follow closely in 2021 is mobile traffic. Similarly to other industries, travel experienced an increase in mobile traffic by 6 points since last January. 35 DATA HUB - 2020 IN RETROSPECT
Deep-dive: Travel TRAFIC & CONVERSION RATE EVOLUTION 170 110 160 100 150 January 2020 90 reference period = 140 index 100 80 70 January 2020 130 reference period = 60 index 100 120 50 110 40 100 30 20 90 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC - We can see that the biggest traffic drops occurred during lockdowns or when the outbreak resumed. Naturally, traveling seemed out of the questions so consumers didn’t browse online as much. - The second wave of the pandemic at the tail end of the summer had less influence on conversion rates. Travel bans were less strict than during the first wave and many people decided to visit family for the holiday season. 36 DATA HUB - 2020 IN RETROSPECT
3 best practices USING BEHAVIORAL DATA TO BOOST CONVERSION 1. REASSURE AND INFORM Put key information front and Detail terms and conditions, center, so customers can easily expected delivery dates, and find what they need. any extended return policies. EXAMPLE: INFO BANNERS KAYAK Kayak developed a COVID-19 Travel Guide to help customers easily and quickly answer their most pressing questions. The FAQ guide was featured above the fold on the site’s homepage and offered visitors 3 options: - I wish to cancel my flight - I want to book a flight - I’d like to plan a trip Once a customer clicked on an option, they could view more detailed information to help them achieve their goal. 37 DATA HUB - 2020 IN RETROSPECT
3 best practices USING BEHAVIORAL DATA TO BOOST CONVERSION 2. ENGAGE ON THE WEBSITE Introduce new cross-sell opportunities, offers, Encourage an intuitive free trials, or payment methods to appeal to new purchasing experience. and existing customers. THE AUTOMOBILE EXPERIENCE LAND ROVER The brand offers a “Build, Find, & Order” tab that allows customers to explore their car options and build a custom car of their dreams. This immersive online experience lets customers explore and familiarize themselves with the brand’s range of products while customizing the experience to visitors’ preferences and geographic area. 38 DATA HUB - 2020 IN RETROSPECT
3 best practices USING BEHAVIORAL DATA TO BOOST CONVERSION 3. SUGGEST NEW SERVICES To stay top of mind with Leverage aspirational Let them know when your customers, send and helpful content, like a product they love is them emails advertising guides and tutorials, to about to sell out or back new offers, items, and give your customers in stock. content. added value. EXAMPLE: ADVICE PUSH ON THE HOMEPAGE CASTORAMA During the start of COVID-19, French home improvement retailer Castorama updated its homepage to include helpful guides on “Our advice for being a good remote worker,” “How to keep your kids entertained at home,” and “Our ideas and advice for at- home well-being.” This helped the company share helpful advice with their customers without just pushing their products. This added value helped them stay top-of-mind for their customers during the pandemic. 39 DATA HUB - 2020 IN RETROSPECT
For more insights For the latest monthly digital performance KPI data, access our Digital Experience Data Hub. Our latest report: 2021 Digital Happiness Pulse Putting customer happiness at the heart of digital experience We surveyed 500 marketers and 4,000 shoppers to understand the state of digital happiness around the world. Learn why 75% of consumers say online shopping makes them feel unhappy and how you can build a digital CX that makes your customers smile. 40 DATA HUB - 2020 IN RETROSPECT
Thank you! Contentsquare empowers brands to build better digital experiences. Our experience analytics platform tracks and visualizes billions of digital behaviors, delivering intelligent recommendations that everyone can use to grow revenue, increase loyalty and fuel innovation. We want to hear from you hello@contentsquare.com Ask for a demo 41 DATA HUB - 2020 IN RETROSPECT
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