This week in social media news, Snapchat launches Dynamic Travel Ads, TikTok will surpass YouTube in user time spent for the first time, YouTube is rolling out Shorts ad globally and more.
Snapchat Debuts Dynamic Travel Ads As Travel Picks Up
As COVID-19 restrictions worldwide ease up, travel is back on the menu. That’s likely why Snapchat is expanding its Dynamic Ads to specifically serve hotels, airlines, tours and online travel agencies after seeing strong adoption with the ads’ beta launch last year.
Why it matters: According to Snap, 76 percent of its users in the US are making plans to or already have returned to their pre-pandemic behaviors and millennials and Gen Z Snapchatters are 37 percent more likely to book travel after seeing an advertisement. In addition, a GlobalWebIndex study shows that Snapchatters are more likely to travel than users of other platforms.
The details: This marks Snap’s first category expansion outside of ecommerce within its current Dynamic Ads offerings. The solution builds on some of Snap’s Location features that are core to user experience. These include Location Data, Snap Map—which 70 percent of Snapchatters use because they like to see where their best friends are—and Places, which live on the Snap Map and feature Stories, hours, reviews and delivery options for local businesses.
The appeal of Dynamic Travel Ads for marketers is they offer advanced audience targeting based on a Snapchatter’s travel intent. These ads also offer locally-relevant campaign delivery to serve hotels and airlines based on popularity backed by Snap’s visitation data. Lastly, the customized catalog setup is built to meet travel advertisers’ needs with relevant product feed attributes that are specific to these businesses.
Snap says Booking.com used the Dynamic Travel Ads to dynamically pull images directly from their product catalog and serve user ads with locally relevant listings based on products they had already viewed. Doing so resulted in a 20 percent lower cost per purchase than other US advertisers.
Etihad Airways also saw success with Dynamic Travel Ads in trying to ensure relevance in the competitive market. Using Snap’s prospecting solution, it was able to reduce its cost per flight search by 4x and saw a 307 percent increase in ROAS and a 76 percent decrease in cost per purchase, compared to their non-dynamic campaigns.
In A First, TikTok Will Surpass YouTube In User Time Spent
This year, TikTok will beat YouTube in terms of time spent by their respective adult users in the US, according to eMarketer.
Why it matters: This marks the first time in history TikTok will beat YouTube by this metric. The milestone comes on the heels of TikTok’s video length limit expansion from three minutes to 10 minutes as well as a new revenue sharing program similar to YouTube’s. It’s also worth noting that in 2018, TikTok surpassed Instagram and a year later, Facebook.
The details: Based on eMarketer’s data, TikTok will see 45.8 minutes per day from its average adult users while YouTube will see 45.6 minutes. As the firm notes, TikTok’s user time spent hasn’t declined as pandemic trends level out.
TikTok Partners With Hootsuite, Emplifi To Help Brands Reach Users More Easily
TikTok is adding new content partners to its Marketing Partner Program, the app confirmed to TechCrunch. The expansion—which will see the addition of Sprout Social, Hootsuite, Sprinklr, Emplifi, Dash Hudson, Khoros, Brandwatch and Later to TikTok’s program—will allow marketers to manage their TikTok accounts without leaving their third-party content marketing platforms.
Why it matters: The expansion is part of TikTok’s larger effort to attract advertisers and educate them on ways to reach users on the app. Last month, it launched a five-week program called Creative Agency Partnerships University designed to help agencies become TikTok experts. And ahead of its NewFronts presentation to advertisers last month, it launched TikTok Pulse, a contextual ad solution that ensures brands’ ads are placed next to the top 4 percent of all videos on TikTok.
The details: TikTok tells TechCrunch that through this new integration, marketers can now manage and optimize their content campaigns directly through these third-party platforms, track profile and video metrics in real-time, compare performance to other platforms and track conversations happening in the comments section of their videos.
YouTube Shorts Ads Roll Out Globally
Google is gradually rolling out ads in YouTube Shorts around the world, the company announced during its Marketing Live event this week. Starting today, marketers’ video action campaigns and app campaigns will automatically scale to YouTube Shorts.
Why it matters: According to Google, YouTube Shorts now averages over 30 billion daily views—four times as many as a year ago. YouTube is betting big on the function as it launched a $100 million Shorts creator fund last year and says that over 40 percent of creators who received payment from the fund last year weren’t previously monetizing their YouTube content.
The details: Later this year, advertisers will be able to connect their product feed to their campaign and make video ads on YouTube Shorts more shoppable, Google said in a blog.
TikTok Shares Key Stats On Utilizing ‘Always Engaged’ Strategy
TikTok users prefer brands that demonstrate they understand how to create and use the platform, according to a new set of stats and best practices the app shared on how utilizing an “always engaged” strategy drives brand impact.
Why it matters: According to TikTok’s research, 79 percent of its users prefer brands that show they understand how to create for the platform. To demonstrate this understanding, TikTok says creators—who are “deeply trusted” by the TikTok community—are the best way for brands to meet audiences where they are. Thirty-three percent of TikTok users say that TikTok inspired them to buy something recommended by a creator on the platform.
The details: TikTok says an “always engaged” strategy is an integrated approach that utilizes organic, paid and creators. Using all three, it notes, will increase in brand love, recall and resonance. Here are TikTok’s key findings:
- Top of mind awareness soars 173 percent after two exposures to a brand’s content on TikTok
- Organic content is 20 percent more likable after viewing a paid ad
- Organic content has a 27 percent increase in brand recall when viewers see organic before paid
- Organic content is 18 percent more relevant after viewing a paid ad
- TikTok saw a 2x increase globally in ROAS when that participation occurred, and that 2x ROAS amplified all paid efforts