GLOSSARY - Bidding
Modified on: Tue, 20 Feb, 2024 at 10:44 AM
This glossary is commonly used terminology regarding the Bidding to help you understand the function.
CAMPAIGN MANAGEMENT
Sub-Section | Term | Definition |
---|---|---|
Campaign Management (Add Filter) | Tag | A label or identifier used to categorize and group specific hotel properties or campaigns which is useful for organizing and tracking different aspects such as location, property type, or objectives. |
Campaign Management (Add Filter) | Campaign Subtype | Indicate the campaign targeting, whether it’s on specific channels |
Campaign Management (Add Filter) | Bid. Strategy | Bid strategies are designed to optimize spending and achieve specific advertising goals, such as maximizing ROAS or increasing visibility. |
Campaign Management (Add Filter) | DeviceHotel | Indicate the users' device such as desktop, mobile, or tablet. |
Campaign Management (Add Filter) | Channel / Market | Indicate the combination of the channel and market, to track the channel in each country |
Campaign Management (Add Filter) | Hotel | The name of a hotel property. |
Campaign Management (Add Filter) | Campaign | The name of the campaign determines where the campaign will be viewed by group or strategy |
Campaign Management (Dashboard) | Status | The current state or condition of a hotel listing or campaign within the Metasearch Dashboard. |
Campaign Management (Dashboard) | Action | Refers to the account admin's interaction, engagement, or instructions on the Click dashboard. |
Campaign Management (Dashboard) | Bid. Target | Corresponding to achieving specific goals on bidding strategy, such as ROAS or increasing visibility position, rate the scale from 1 to 10. |
Campaign Management (Dashboard) | Budget Pacing | The process of managing and distributing effective current spending to prevent overspending or underspending (Current spending vs Even pace) |
Campaign Management (Dashboard) | Budget | A budget is the amount allocated to all of the campaigns assigned to the plan. |
Campaign Management (Dashboard) | Clicks | Indicate the level of user engagement by the number of times that users have visited the hotel listing site or ad. |
Campaign Management (Dashboard) | Cost(USD) | The total expenditure incurred for a particular set of campaigns. It includes all expenses associated with the campaign, such as ad fees, bid costs, and any other related costs. |
Campaign Management (Dashboard) | CPC | Cost per click: It is a method of charging by websites and is based on the number of times a visitor clicks on an advertisement on that website. |
Campaign Management (Dashboard) | First Position Share | Refers to the percentage of time a hotel's listing appears at the top position (the first result) in the search results when users search for specific criteria, such as location, dates, and room type of hotel. |
Campaign Management (Dashboard) | Visible Position Share | Refers to the percentage of time a hotel's listing is displayed within the visible area of the search results when users search for specific criteria. |
Campaign Management (Dashboard) | Bookings | The total number of travel reservations or bookings made through our metasearch platform. |
Campaign Management (Dashboard) | Revenue | Refers to the total income generated by hotels from bookings made through the metasearch platform. |
Campaign Management (Dashboard) | ROAS | Return on Advertising Spend,(ROAS), is a marketing metric that measures the efficacy of a digital advertising campaign.ROAS helps online businesses evaluate which methods are working and how they can improve future advertising efforts.ROAS=Gross Revenue from Ad campaign/Cost of Ad Campaign |
PLACEMENT
Sub-Section | Term | Definition |
---|---|---|
Placement | Campaign Priority | The level of importance or precedence assigned to a specific campaign. Priority settings help determine which campaigns should receive more focus or resources. |
Placement | Bid | Refers to the amount the user is willing to allocate for a campaign on a click platform. The platform's algorithm determines which hotel to display and in what order based on various factors, including the bid strategy and bid target set by the user. |
BING CAMPAIGN
Sub-Section | Term | Definition |
---|---|---|
Bing Campaign | Daily Budget | The maximum amount allocated for campaign spending on a daily basis for a specific hotel or campaign |
Bing Campaign | Last update | The date and time when the most recent changes or updates were made to the settings or data related to a hotel or campaign within the Click dashboard. |
OTA TRAVEL ADS
Sub-Section | Term | Definition |
---|---|---|
OTA TRAVEL ADS | Avg. Daily Cost | The average daily spend incurred for a campaign over a specified period. |
OTA TRAVEL ADS | No Budget | Indicates that there is no predefined budget set for a particular hotel or campaign, meaning it cannot be spent without a daily budget limit. |
OTA TRAVEL ADS | No Eligible | Indicates that the hotel or campaign is not eligible because of such low bid amounts or other eligibility criteria not being met. |
OTA TRAVEL ADS | Destination / Hotel | Refers to the specific destination or hotel property for which OTA advertising campaigns are being managed and monitored. |
OTA TRAVEL ADS | Performance | Refers to the metrics and data monitored related to the effectiveness and success. |
OTA TRAVEL ADS | Top Hotels | A section or category that highlights the best-performing hotels based on various performance metrics (booking/revenue/click). |
OTA TRAVEL ADS | Top Destination | A section or category that highlights the best-performing destination based on various performance metrics (booking/revenue/click). |
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