HomeAway.com: How its robust web analytics makes it a leading vacation home rental site
HomeAway.com is an
online marketplace for vacation rentals. Headquartered in Austin, Texas and valued at $3 billion, the site has more than one
million live vacation rental listings in 190 countries to help families find
their ideal vacation home rental. HomeAway connects homeowners
and property managers to rent to travelers through this site.
The website home page features three different categories on
its home slideshow: Trending in Travel, Dream Destinations and Vacation
Inspiration. The home page also includes a U.S. map where customers can select
a destination by state.
Overall Traffic Overview
Web traffic for HomeAway is pretty strong, with millions of
visits per month and a low bounce rate. According to SimilarWeb.com, here are some web analytics HomeAway.com has experienced as
of January 31, 2015:
- - Visits: 9 million
- - Average page views: 7.89
- - Bounce rate: 38.96%
- - Average time on site: 7:02 minutes
Traffic sources come from a variety of different sources,
with more than 30% coming from directly visiting the website:
- - 32.92% direct
- - 31.36% referrals
- - 25.58% via searching
- - 2.58% social (with 84.64% coming from Facebook, 7.09% from Pinterest)
- - 7.35% mail
- - .21% display ads (mostly on Google)
In terms of search traffic, the vast majority of website’s
traffic is generated from organic search :
- - 95.09% organic search
- - 4.91% paid search on Google
- - Popular organic keywords: Homeaway, Home Away, Vrbo, and vacation rentals
- - Popular paid keywords: Homeaway, Home Away, Homeaway.com, Home Away from Home and Vacation Rentals
Mobile
Furthermore, HomeAway has a mobile app enables customers to browse different properties through a personalized search, such as for specific amenities, wheelchair accessibility or pet-friendly options. The app also lets customers and share their favorites on social media. The site has revealed that 27% of its customers use a mobile device to view guest inquiries, according to a March 2013 survey of more than 1,700 customers.
Furthermore, HomeAway has a mobile app enables customers to browse different properties through a personalized search, such as for specific amenities, wheelchair accessibility or pet-friendly options. The app also lets customers and share their favorites on social media. The site has revealed that 27% of its customers use a mobile device to view guest inquiries, according to a March 2013 survey of more than 1,700 customers.
Vacation Storebuilder
HomeAway partners with Vacation Storebuilder to provide its website platform services for its
websites the company owns in the U.S: HomeAway.com, vrbo.com and
VacationRentals.com. The all-in-one inclusive software solution offers HomeAway
a platform for online booking, a website content management system, as well as
online marketing tools and social media options. In 2014, HomeAway expanded the
partnership to include one of its latest websites in its family,
MyVacayHome.com.
Vacation Storebuilder website platform offers an eMarketing Toolkit for
HomeAway’s websites that help increase organic traffic and conversions. Some of these
tools include:
- - Search engine marketing
- - Search engine optimization
- - Pay-per-click marketing
- - Social media marketing
- - E-mail marketing
- - Landing page optimization
- - Customer relationship marketing
- - Analytics and reporting
Keywords Study
A few years ago, HomeAway did a study on its keywords to drive
more conversions on its site, which uses Google Analytics to better understand
its website activity. According to one case study, HomeAway’s goal was to drive more visits that generated
inquiries to the homes listed on its site.
In order to do this, HomeAway needed to better understand the impact that paid and display ads were having on visitor conversions. Using the Data-Driven Attribution tool in Google Analytics
Premium, Google Analytics tracked which channels and keywords drove the most
traffic from the previous 90 days. Each customer interaction was assigned
a credit rating, such as for clicks or displays, prior to converting into a
sale.
Additionally, HomeAway budgeted their marketing investments
towards identifying the right set of keywords to see the effectiveness of the
Google Analytics Model Comparison Tool Report, which helped them decide the
right keywords to display the campaigns on top. HomeAway
properly credited campaigns and reattributed cost-per-acquisition into its
budgeting and bidding decisions.
The Result
With a $6,000 test budget, Google analytics worked with
HomeAway to identify a set of 20 keywords. As a result, the site saw a 23% increase in attributed conversions for those keywords after
making the adjustments.
Based on the results in an increased conversion rate,
HomeAway learned that keeping an open eye on changing trends across business
and allocating money into the right marketing channels could enhance the
profitability of their business. Along
with seeing where conversions were driving from, HomeAway also learned they
should invest more money into their digital marketing efforts .
Additional Tools
Though HomeAway has some web analytics tools already in place through Vacation Storebuilder and Google Analytics, there are still some additional tools that will be useful for their overall website analytics. Here are a few tools:
Yext- online
reputation management
With its hundreds of thousands of customers renting out vacation properties each year, there are bound to be reviews on sites such as Yelp.com and SiteJabber.com detailing their satisfaction or dissatisfaction with these properties.
Yext.com taps into these forums to hear what customers are
saying, and even allows you to join in and respond to these reviews.
By using Yext, HomeAway will also be able to monitor
any photos and video captured at their properties that are posted on social
media, such as Facebook and Instagram. HomeAway will also be able to “like” and
comment on customers’ content from within the platform.
HomeAway could use this platform to perform customer service
with its customers, strengthen their relationship, and maintain their loyalty.
Custora
Custora is an e-commerce analytics
software that predicts how customers will behave in the future: things they’re
likely to buy, how much they’ll spend, even how often they’ll shop. The
software offers customer-specific insight to enable brands to advertise and
communicate in more effective and meaningful ways. The software helps brands
find customers and persuade them to keep coming back.
It’s likely that HomeAway customers will likely want to go
on another vacation, especially if their experience with HomeAway was a
positive one. The platform enables you to segment an segment customers by
campaign, source, medium, keyword, A/B testing and more. Through Custora,
HomeAway can analyze its customers’ lifecycle and nudge them to be repeat
vacationers through this vacation service.
Conclusion
HomeAway.com has already seen a lot of success through
Google Analytics and Vacation Storebuilder. Through using additional tools like
Custora and Yext, the company will be able to grow and maintain its audience
even more through developing relationships with them and studying their
behavior patterns.