Klook, the rapidly expanding travel experiences booking platform, is set to launch its inaugural consumer travel event, ‘Klook Travel Fest’, on Saturday, 30 November at Sydney’s Carriageworks. The event, hosted by singer and TV personality Faustina ‘Fuzzy’ Agolley, aims to offer travel enthusiasts exclusive discounts, prizes, and expert tips on travel hotspots including Japan, the US, and Hong Kong.
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As Digital Natives edge towards becoming the inevitable majority, experience design needs to catch up
The kids are alright, mostly. The percentage of Australians who have only known a digital world is edging inexorably towards a majority, yet the digital experiences of government and business are still anchored in the messy transitional world of those who also remember a world of real things. To ensure they are delivering the best experiences, brands and governments need to take much more account of the changing relationship the community has with technology according to a report from R/GA. It’s a world already familiar to executives we spoke to at Kit (part of CommBank’s X-15 ventures) and Bendigo and Adelaide’s Up Bank.
The new email: Lounge Lovers, Designstuff, Hey Bud tap SMS as the new strategic marketing channel, notch huge ROI – but can they avoid reach-driven pitfalls of the past?
Responsive rates upwards of 45 per cent against single digit email results, 100:1 ROI on spend, 37 per cent conversion rates on fast cart abandonment – the figures for why retailers say they’re increasingly leaning into SMS as a strategic alternative channel to email are stacking up. Even better: The money invested is not going into Google’s coffers and instead being used to build up the strength of their first-party data sets and insights. During the recent Attentive event in Sydney, marketing and business leaders from Lounge Lovers, Designstuff and Hey Bud spoke to Mi3 about the surprisingly full-funnel ways they’re now tapping SMS – many in increasingly personalised ways, but some even with the odd dose of spray and pray. But given the spam and email abuses of the past, will marketers be able to stop themselves from overusing SMS?
‘There’s a lot of junk’: Top VC firm Luma Partners’ Terry Kawaja says adtech ‘refuses to grow up’, did ‘a terrible job’ on privacy, backs ad activists to force a clean-up and says a Google ad break-up is ‘good for everyone’
Part One: Seven companies now account for a third of the total value of the US S&P 500 – and the bulk of their collective trillions in market value happens to come from marketers and advertising. It’s a crazy number, but Terry Kawaja, the fast talking banker, considered by some the ‘godfather’ of adtech start-up investment, says another wave of advertising and marketing related tech spin offs are incoming that’s making him a little more bullish than the cooling of the past 18 months.Kawaja’s New York firm Luma Partners is behind the Lumascape spaghetti maps that try to make sense of the sprawling, connected pipes of the adtech industry. Kawaja thinks consolidation has to happen for the industry to shake the cowboys – “the environment is highly fragmented and that allows people to hide,” he says.That’s code for nefarious market behaviour which undermines adtech’s credibility – and Kawaja argues a clean digital ad system is more important now than ever if open web players are to compete with big tech, especially as he sees retail media quickly eating a third of open web ad dollars.But there’s little sign of that consolidation right now and Kawaja admits adtech is still notoriously opportunistic and has played a starring role in the creation of some of the problems the market is struggling to address with junk digital data, fake people and opaque trading practices that nobody seems able to solve.Regardless, Kawaja says another wave of tech investment is coming and for good measure and says Google’s pervasive global advertising trading system being broken up would have huge financial upside for Alphabet shareholders – and the industry at large. The US Department of Justice has been landing punches over the past three weeks in its current US Federal District Court adtech “monopoly” trial against Google.
‘There’s a lot of junk’: VC firm Luma Partners’ Terry Kawaja says adtech ‘refuses to grow up’, did ‘terrible job’ on privacy, backs ad activists to force clean-up, says Google break-up ‘win for all’ – especially Google
Part One: Terry Kawaja’s New York investment bank Luma Partners is behind the Lumascape spaghetti maps that try to make sense of the sprawling, connected pipes of the adtech industry. Kawaja thinks consolidation has to happen for the industry to shake the cowboys – “the environment is highly fragmented and that allows people to hide,” he says. That’s code for “nefarious” market behaviour which undermines adtech’s credibility. Kawaja argues a clean digital ad system is more important now than ever if open web players are to compete with big tech, especially as he sees retail media quickly eating a third of open web ad dollars. But consolidation and M&A has been lean of late. Kawaja admits adtech is still notoriously opportunistic and has played a starring role in the creation of some of the problems the market is struggling to address with junk digital data, fake people and opaque trading practices that nobody seems able to solve. Regardless, he sees another incoming wave of tech investment and reckons Google’s global advertising trading system being broken up would have huge financial upside for Alphabet shareholders – and the industry at large. Kawaja thinks Google may even be playing to lose.
YouTube claims ‘flow state’ nirvana, deeper engagement, lower ecom returns; ad buyers question whether 6-second ad surge holes argument
YouTube is out to prove its breadth of niche long-form content gets audiences more engaged than they might be elsewhere. It’s hired Kantar to help make a solid case that this so called ‘flow state’ makes audiences more receptive to new information – i.e. advertising. And it’s also making some bold claims about how YouTube reduces ecom returns. But Neuro Insight’s Peter Pynta queries whether such macro level observations go deep enough, and importantly, whether they can really be applied to advertising. From those deciding where spend goes, the feedback was mixed. Buyers are not yet convinced that it translates to all-important advertising effectiveness – and some say YouTube’s jamming in plenty of ads that might break that flow state.
AEG refreshes new brand identity and sonic signature: A modern twist on a 137-year-old legacy
Electrolux Group has unveiled a new brand identity for its premium brand, AEG. The updated identity, developed in partnership with growth and transformation firm Prophet, includes a new look and the first-ever sound identity for the 137-year-old German brand.
Athena’s CMO pivots from price to product fit, bids to shake up B2B, gets deep and analytical on conversion – and way beyond the marketing funnel
Ditching Athena’s ‘Love us and leave us’ proposition wasn’t an option for the digital-first home loan upstart’s marketing chief, Sarah Sproule. But it appears most of the other marketing, product and customer value propositions have shaken up as the business broadens out from its price-based roots and makes a play for a diversified mix of customers. So far its working – and Sproule says the focus and KPIs are now way deeper than cost per acquisition, with marketing “on the hook all the way through to final conversion, which is settlement”. She’s firmly in “get shit done” mode – and with brokers now a key channel, B2B is next.
Accor joins Nedd Brockmann’s ‘Uncomfortable Challenge’ as official Accommodation Partner
Australian hotel operator Accor is teaming up with Nedd Brockmann for his ‘Nedd’s Uncomfortable Challenge’ at at Sydney Olympic Park Athletic Centre next month, where the athlete and philanthropist will attempt to break the world record for the fastest 1,000-mile run by covering 160 kilometres per day for 10 consecutive days. Brockman aims to raise AUD $10M for people experiencing homelessness.
Foxtel Group restructures leadership as Hubbl boss follows Binge MD Amanda Laing out the door
Foxtel Group has confirmed Hubbl managing director Les Wigan is no longer at the streaming aggregation platform he led the launch of just six months ago. His departure has triggered a reshuffle of ranks at Foxtel Group and a recalibration of last year’s restructure into two revenue-generating areas: Aggregation and streaming and advertising.