PR Is A Wise Investment In A Shrinking Economy | By Lorraine Abelow
When budgets shrink with the retrenching of the economy, what tool in the marketing mix is the most cost effective? Public relations is one of the most under utilized avenues to dedicate your dollars to. And boutique PR firms as well as those practicing luxury travel PR will give the most bang for the buck, particularly if they have a breadth of experience in the travel public relations and hotel pr field. The ROI on public relations campaigns can be astounding when compared with advertising.
Agencies specializing in travel public relations deliver a range of results, but in this instance, Abelow PR secured about 30 stories, including such A list media as Travel and Leisure and Vanity Fair as well as a wide range of trade and online media from Forbes.com to Businessweek.com. Media relations specialists, which function in any PR agency, are the ones with those coveted contacts.
An added boost from publicity is the editorial endorsement of the publication that runs the story. These “mark of approvals” can be utilized on the hotel or destination’s website. Anyone who looks at a website is swayed positively if that property can cite a quote from a leading travel publication. When an excerpt from a prominent magazine or national newspaper is prominent on a website, immediately the viewer’s mind is influenced in a positive way.
In today’s information environment, travel public relations campaigns that are carefully orchestrated across both traditional media and online platforms have tremendous power. Never before have there been so many tactics available for public relations campaigns. Everyday we read about studies touting the growing influence of blogs and social media. While the airwaves and world of print journalism are still important, the power of the web cannot be underestimated.
When looking to engage one of the PR agencies that specialize in travel, make sure you find one that is adept at all the new tools available in the ever expanding media of the information age. Availing yourself to that kind of expertise will go a long way to reaching and influencing your target market. And best of all, the exposure positions you well against your competition which is of paramount importance in today’s economy.