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The Boostly Podcast

Booking Lead Time is getting back to 2019 levels [What to do next]

The Boostly Podcast

Mark Simpson

Marketing, Business

5.0302 Ratings

🗓️ 8 November 2021

⏱️ 4 minutes

🧾️ Download transcript

Summary

Welcome to Boostly Podcast Episode 401. This is a recap of my Facebook live where I talked about how booking lead time is getting back to 2019 levels. 00:00 Start 00:50 What you can do • https://Boostly.co.uk • https://Boostly.co.uk/5steps • https://instagram.com/boostlyuk • https://Boostly.co.uk/guidebook • https://Boostly.co.uk/website • https://Boostly.co.uk/podcast

Transcript

Click on a timestamp to play from that location

0:00.0

Here's an interesting start for you. In 2019, the point of booking to a rival, the average

0:09.5

over over thousands and thousands of data being given, millions of data being given, was

0:14.8

62 days. In 2020, that fell to 1818, which is amazing how dramatically that cut. I mean,

0:26.8

if you look at the context around the situation, it makes so much sense because of restrictions,

0:31.6

people didn't know what was happening, what was open, what was closed, etc. etc. Well,

0:36.9

the news that's coming out of Air DNA, the stats and the surveys that they have produced

0:42.5

and shared with the world, is that those dates are starting to go back to 2019 levels.

0:48.4

So at the moment, it's averaging around about 58 days. So how can you be best prepared

0:54.3

moving forward? Well, number one, the point of booking to a rival is getting back to what

0:59.7

it normally is. It's not as close as what it has been. So what you need to be doing is where six

1:06.5

months ago, eight months ago, ten months ago, we were really dramatically focusing on 18, 20 days

1:13.8

before a rival. Now what you need to be doing is looking two months, nearly three months out.

1:19.4

And what you need to do is you need to take advantage of dynamic pricing software tools,

1:24.6

such as wheelhouse, such as beyond, such as price laps, such as boi, and to really help them

1:31.6

dictate your pricing. Now, whichever one you use depends on what's available in your country.

1:36.8

The number, my number one recommendation is wheelhouse, but I know that it still isn't everywhere.

1:41.5

So it may be price labs, it may be beyond or boi, or whoever it may be. But take advantage of

1:47.5

their technology, take advantage of their software, take advantage of what the data that they have,

1:52.8

and try and look a little bit further out now. Don't think so short term because the average booking

2:00.3

time from the point of book into the point of arrival is getting back to 2019 levels. Again,

2:05.9

look at the context behind it. Number one, the restrictions are starting to lower. There is a bit

2:12.0

more certainty in the market. It was a bit more certainty in the process. The more that vaccinations

...

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