Authors :
Dr. Ghouse Mohiyaddin Sharif G.M; Dr. Anooj P K; Dr. Jayashree Rajendran; Mutahar Hussain Kazim
Volume/Issue :
Volume 9 - 2024, Issue 12 - December
Google Scholar :
https://tinyurl.com/mt6dx5pr
Scribd :
https://tinyurl.com/2a8wcy53
DOI :
https://doi.org/10.5281/zenodo.14576662
Abstract :
Evaluating the ROI of marketing campaigns in
the tourism industry requires a comprehensive
understanding of the unique characteristics of tourism
products. The effectiveness of marketing communication,
experience marketing, performance measures of net-
enabled industries, social media ROI, conversion potential,
and the future of marketing metrics, the tourism industry
can develop a robust framework for evaluating the ROI of
marketing campaigns.
The purpose of this paper is to study and analyze the
AI models and algorithms applied in assessing ROI in
tourism marketing campaigns. As per the user preferences
which generate personalized recommendations that align
with individual interests and needs. With the support of
AI, the organizations can gain optimum gains and success
in the tourism industry.
Keywords :
Return on Investment (ROI), Artificial Intelligence Application Algorithm, Marketing Campaign, Tourism Industry.
References :
- Dwivedi, Y. K., Ismagilova, E., Hughes, D. L., Carlson, J., Filieri, R., Jacobson, J., Jain, V., Karjaluoto, H., Kéfi, H., Krishen, A. S., Kumar, V., Rahman, M. M., Raman, R., Rauschnabel, P. A., Rowley, J., Salo, J., Tran, G. A., & Wang, Y. (2021). Setting the future of digital and social media marketing research: Perspectives and research propositions. International Journal of Information Management, 59, 102168. https://doi.org/10.1016/j.ijinfomgt.2020.102168
- Coshall, J. T., & Charlesworth, R. (2011). A management orientated approach to combination forecasting of tourism demand. Tourism Management, 32(4), 759–769. https://doi.org/10.1016/j.tourman.2010.06.011
- Guercini, S. (2023). Artificial intelligence and marketers decisions in marketing automation. Marketing Automation and Decision Making, 112-138. https://doi.org/10.4337/9781035312870.00013
- Thaichon, P., & Quach, S. (2022). The growth of marketing research in artificial intelligence (AI). Artificial Intelligence for Marketing Management, 18-28. https://doi.org/10.4324/9781003280392-3
- Barari, M., Quach, S., & Thaichon, P. (2022). New developments in artificial intelligence (ai)-powered products in marketing. Artificial Intelligence for Marketing Management, 55-75. https://doi.org/10.4324/9781003280392-7
- Fraisse, H., & Laporte, M. (2022). Return on investment on artificial intelligence: The case of bank capital requirement. Journal of Banking & Finance, 138, 106401. doi:10.1016/j.jbankfin.2022.106401
- Zhang, T. (2021). Creative digital marketing campaigns for hospitality and tourism organizations. doi:10.4135/9781529798937
- Migration of customers and targeting customers for marketing campaigns. (2012). Optimal Investment and Marketing Strategies, 19-30. doi:10.1142/9789814383271_0003
- https://goodwoodpub.com/index.php/JoSTE/article/download/1223/334
- Marketing Return on Investment | Growth, Marketing & Sales | McKinsey & Company,2015.
- http://ijrar.com/upload_issue/ijrar_issue_1098.pdf
- 01 Jun 2022-Information Systems Research (Information Systems Research)-Vol. 33, Iss: 2 pp 659-677
- 2021 -Journal of Sustainable Tourism Entrepreneurship -VOL3No.1, 75-88.
Evaluating the ROI of marketing campaigns in
the tourism industry requires a comprehensive
understanding of the unique characteristics of tourism
products. The effectiveness of marketing communication,
experience marketing, performance measures of net-
enabled industries, social media ROI, conversion potential,
and the future of marketing metrics, the tourism industry
can develop a robust framework for evaluating the ROI of
marketing campaigns.
The purpose of this paper is to study and analyze the
AI models and algorithms applied in assessing ROI in
tourism marketing campaigns. As per the user preferences
which generate personalized recommendations that align
with individual interests and needs. With the support of
AI, the organizations can gain optimum gains and success
in the tourism industry.
Keywords :
Return on Investment (ROI), Artificial Intelligence Application Algorithm, Marketing Campaign, Tourism Industry.