Business

The Future of Payments

I'm examining an awesome report prepared by World Pay, and there are lots of informations about the future of payments. I advice you to check whole report but i want to add considerable points to here. 

Below slide answers the question "which payment method will become the most popular in the future?"

future of payments trend

So, we can clearly realise that e-wallet's will be leading the payments industry by 2019. And here is the global payment methods breakdown.

future of payments global payments breakdown

The rest of the information and region/country aggregation can be found at full report. I can repeat that it is awesome. 

http://www.worldpay.com/global/insight/articles/2015-12/global-payment-report

Seth Godin's Way to Promotion, Demotion and Opportunity

"You can learn a new skill, today, for free.You can take on a new task at work, right now, without asking anyone.You can make a connection, find a flaw, contribute an insight, now. Or not.In a fluid system, when people are moving forward, others are falling behind. The question, then, isn't, "when am I going to get promoted?"No, I think the question is, "will I grab these openings to become someone who's already doing work at a higher level?"Act 'as if'. If the people around you don't figure out what an asset you've become, someone else will."Seth Godin

The Biggest Travel Meta Search Players Analysis

I have checked the public data of TripAdvisor, Trivago, KAYAK & Hotelscombined at similar web, topsy and Google Trends and it seems Tripadvisor is still winning the game at first sight, due to its millions of unique & user generated content. Although Trivago invests in all kinds of online & offline advertising, TripAdvisor wins the run and its traffic seems 8x then Trivago has. 

Let's check past worldwide 3 month search volume of these keywords;

Red: Tripadvisor, Blue: Trivago, Yellow: Kayak (Company), Green: Hotelscombined

Red: Tripadvisor, Blue: Trivago, Yellow: Kayak (Company), Green: Hotelscombined

We understand that people tend to search their travel needs on Sunday. 

In terms of traffic, below embedded graph shows the traffic comparison of Trivago.com and TripAdvisor.com. TripAdvisor.com has 8x larger volume but this is valid for US. I think Trivago is able to compete with TripAdvisor at Europe region. 

If you need to compare the local traffic, i suggest you to visit the similar web to get insight. We have to admit that Kayak is differentiating at flights, but i will analyse Kayak vs Skyscanner at a different blog post. I also have a few words about Hotelscombined, they are strong but could not see a global presence as i can check from the search volumes. 

Let's focus on Trivago & TripAdvisor. 

There are a lot to say about before below graphs.

  • Although they spent a lot on Advertising, their direct traffic seems 32% which is considerably low if they want to build a strong brand. This traffic is probably coming from ads on TV & online channels. 
  • Tripadvisor has 70.88% ratio of search volume and this traffic is probably coming from the hotel name search on Google. 17% percent traffic is direct which seem fair for a brand that does not use advertising as a growth strategy. 
  • I did not include the data, but as i see in similar web, Trivago has better time spent on page metrics comparing to Tripadvisor. This is strange, because TripAdvisor has content, but Trivago is continuously developing its product and has more OTA's so hotel rates. This may be a factor on that. 

Below graph is about the social media analytics. The graph shows the links shared to tripadvisor.com and trivago.com domains. Both brands do not succeed well at sharable content but TripAdvisor is again winning on this. 

Blue: Tripadvisor, Orange: Trivago

To sum up, TripAdvisor is still most powerful against its competitors. The one which adapts mobile application world and give better prices to the end users will still win. 

In my opinion, Trivago has better product, TripAdvisor has better content. And content is still the king.