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Mr Arthur Kiong, Vice-President of
Marketing, Banyan Tree Group.
Suddenly, everyone's talking about social media and how it is influencing
travellers' decision on who to fly with, where to travel and who to stay with.
At ITB Asia, Mr Arthur Kiong, Vice-President of Marketing for Banyan Tree
Group, said that Trip Advisor reviews had become more important than the Conde
Nast awards and there was a direct co-relation between revenues and positive
reviews.
The big and growing world of social media is one that cannot be ignored by the
travel industry, says Mr Morris Sim, co-founder of Circos Brand Karma, a
Singapore-based start-up that analyses reviews for the hospitality sector.
According to Mr Sim, possibly one of the most in-demand speakers at travel
conferences last year, there has been an explosion in the last 12 months.
Citing Alexa statistics, he said that as of October 2009, Facebook is the
second most popular website in the world. In that same period, Facebook was the
number one site in Malaysia, Indonesia, the Philippines and Bangladesh.
Moreover, of the top 20 sites ranked in the last 12 months, eight of them were
powered by social media.
Stating that AirAsia has 74,000 fans, JetBlue has 1.3 million followers on
Twitter and there are 5,000 photos on Peninsula Hong Kong on Flickr, Mr Sim
continued to cite numbers to prove his point that "the amount of content" and
"the number of people talking" is incredible.
Moving on to commerce, he said that one out of every 20 users who visit
Singapore Airlines' website, or travel retail sites such as Wotif, Asiarooms,
Webjet and other OTAs, had visited Facebook before visiting those sites.
Mr Morris Sim, co-founder of Circos Brand
Karma.
Mr Sim explained that a battle has been going on for a very long time and it
has to do with "our fundamental need to access information in an efficient
manner."
Traditional media had previously dominated this access, which was in turn
controlled by man, until 10 to 15 years ago when a company called Google kicked
the apple cart over. It put together a bunch of machines, scoured the web,
compiled the information and asked the user to ask questions to which it
responded with a list of answers.
It worked like a research model - "the way academics would look for material,"
said Mr Sim.
"In that sense, when Google came in, it set up a battle between machine and man
(traditional media). The machine won from the viewership and advertising dollar
perspectives. That left a vacuum, data was moving to machines and information
was moving back."
A counterpoint was needed and a classic battle is now ensuing between man and
machine, said Mr Sim. "We as human beings are inherently empathetic - we need
to relate to each other and one of the biggest actions we take is to share what
we do and what we are thinking."
To illustrate his point, Mr Sim fell back on numbers again, citing the four
billion photos on Flickr, 100 million videos on YouTube and 269 languages on
Wikipedia as examples. Facebook is "all about sharing, sharing, sharing," he
says - two billion photos and 14 million videos are uploaded a month, 40
million status updates are posted a day, and six billion minutes are spent in
viewership per year, with an average of 30 minutes per day.
"You pick the people you trust and you see only the content you want - the
people are the filter for the content. The context is personal to you. You toss
out the question and you get the recommendations and referrals," Mr Sim
explained.
And to add to this list of numbers, 74 per cent of users trust peer reviews.
So why is man going to win this latest battle? Mr Sim shares a story. "On April
18, 1775, a 40-year-old man, Paul Revere, rode from Boston to Lexington to tell
everyone that the British were coming. What the ride did was emphasise the
importance of the timing of receipt of information - man has a fundamental
awareness of timing in a different way to machines."
It is this awareness of time that explains the importance of Twitter, argues Mr
Sim. "Twitter is all about relevance; breaking news illustrates this,
explaining its meteoric rise from thousandth most popular website to 13th in
one year. 60 per cent of its users are now from outside the US.
"It's a utility to get relevant information out in a timely manner," he adds.
Looking at it from another perspective, Twitter enables you to pick who you
would want your editorial staff to be, by following their tweets and
unfollowing them as you wish.
However, man's deficiency is that "we cannot process large amounts of data.
Machines are optimized to gather, collect and organise data - that has become
its weakness in this era of the information glut. Social media and social
networks have made it so much easier to process information and recommendations
from friends - four answers as opposed to four million," said Mr Sim.
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