Tuesday, May 20, 2008

HOT TOPIC: How to Measure the Success of Social Media Campaigns

If business getting into the social media conversation is hot, then determining how to measure the success of social media participation has to be one of the hot topics of the year.

Do you measure increased conversion? How about increased time spent on your web site? Or do you look at how often your hotel is mentioned in blogs, review sites, etc.

The trouble for most advertisers, and specifically hoteliers, is that we want to get some type of measurable ROI because in the end it is all about the revenue it has generated for us. I have to be honest and say that in the current environment, I don't think anyone has the perfect set of measurement tools. Depending on the level of integration you have with your site, your booking engine and your analytic tools you may or may not be able to get to an ROI calculation.

This post from m-Travel shows the discussion that Eye For Travel had with industry executives and what they look at in their social media campaigns.

What are you using to measure the success of your social media campaigns?

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