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Industry Benchmark Travel Apps
Industry Benchmark Travel Apps
c o m
Industry
Benchmarks
for Travel Apps
From User Acquisition to Retention
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Table of Contents
Introduction: How to Make the Most of This Report 4
- The Current State of the Travel App Industry
- Monitoring the Metrics that Matter
About CleverTap 21
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The Current State of the
Travel App Industry
So what makes the top performing travel apps so e° ective? Our data
science team analyzed over 55 billion events performed on more
than 1 billion devices in 2018 to understand what makes the
fastest-growing travel apps succeed.
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Monitoring the
Metrics that Matter
s
ip
erT
ev
Leveraging Data-driven Recommendations Cl
#
to match Industry Standards
The competitive landscape for mobile apps changes constantly, making it critical
for marketers to benchmark their performance and growth against industry
standards. This report covers all the metrics that matter to help you get a complete
picture of how your app stacks up against peers and competitors.
In order to hook users on your app, you must create engaging experiences at every
stage of the user lifecycle — from acquisition to advocacy. Use this report to
monitor the key metrics at each stage and understand industry standards for each
KPI. You’ll also get insights into how many users typically advance to each stage,
and in how long, to optimize your app’s funnel.
Throughout this report, watch out for our data-backed #CleverTips to help you
engage and delight customers at each stage and grow your app’s revenue.
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ONBOARDING ENGAGEMENT RETENTION REINSTALLS
User Onboarding
Benchmarks
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Opt-in Rates: Time to First Log In:
Opt-in rates signify the percentage of How long does it take for a new user
users who have given you the to register and log in to your app?
permission to reach out to them via Time to first log in is a good indicator
various channels like in-app, push, of the value a new user sees in your
email, SMS, etc. app.
Industry Industry
Benchmark Benchmark
63%
O P T- I N
18 MINS
AV E R AG E
R AT E S TIME
of First-Time Users New Users take to
for Marketing Campaigns Log Into the App
#CleverTips #CleverTips
Welcome your new users with a Welcome users with email drips that
personalized in-app message on their guarantee a response
first launch A/B test the creatives on your in-app
Promote opt-ins by conveying the value and email welcome messages
notifications can provide to users Use social logins to reduce
Understand when users are most time-to-value and get detailed profile
active in your app to engage them at information
the right time
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Additional Metrics to Watch:
METRIC DESCRIPTION
Average App Load The average time it takes for your app to launch or
(Launch) Time load on a user’s device
Average Cost Per User The average cost you incur in getting a user to
Registration install and register on your app
Recommendations:
How to Improve User Onboarding
Use these tactics to improve your onboarding for di° erent types of user segments.
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ONBOARDING ENGAGEMENT RETENTION REINSTALLS
From Onboarding
to Engagement
Onboarded users who quickly experience your app’s
value are more likely to stay engaged and maintain
long-term brand loyalty. Give your users exactly
what they need by personalizing onboarding
flows for di° erent user segments based on
behavior, demographics, or acquisition
channel/campaign.
Industry #CleverTips
Benchmark
To Drive Users to Engagement:
80%
Send o° ers and coupons to first-time users
via SMS
Use geolocation to send personalized
recommendations based on region,
of
uu ss ee rr ss language, timezone
perform a search and move to the Provide a seamless experience by using
engagement stage within deep links to take users directly to the
booking page
44 Mins
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ONBOARDING ENGAGEMENT RETENTION REINSTALLS
User Engagement
Benchmarks
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Click-Through Rates: Cart Abandonment Rates:
Click-through rates (CTRs) help How many users dropped o° a fter
measure the e° ectiveness of your showing high purchase intent? Avoid
marketing campaigns. Are your the common pitfalls of abandoned
messages generating the response carts and lost opportunities.
you intended? Are they prompting
users to open your app?
Industry Industry
Benchmark Benchmark
8.32%AV E R AG E
78.6%
BOOKING
C L I C K-T H R O U G H R AT E S A B A N D O N M E N T R AT E S
for Marketing Campaigns for Users Showing Purchase Intent
#CleverTips #CleverTips
To Increase CTRs: To Reduce Cart Abandonment:
Find the optimal time of the day to Analyze the di° erent paths users take
engage with users; CTRs are higher on inside your app to find and resolve
messages sent between 8 - 11 pm friction points
Make your user feel valued and Establish the golden window of
appreciated by personalizing messages opportunity to engage and bring back
based on purchase/search history, dropped o° u sers
location, etc. Engage users in real time; Send
Use a custom alert sound for your compelling personalized messages to
messages to reinforce brand recall bring back users who have dropped o°
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Additional Metrics to Watch:
METRIC DESCRIPTION
Average Session Length The amount of time that a user spends in your app
during each of their sessions
Recommendations:
How to Boost User Engagement
Try these tactics to improve your app engagement and monetization for di° erent
user segments.
Repeat Converted Users: Use push notifications or SMS to provide relevant travel
Users who have completed or location-specific updates, reminders, and information
multiple in-app transactions 2 days before the trip and on the actual travel day
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ONBOARDING ENGAGEMENT RETENTION REINSTALLS
From Engagement
to Retention
Your growth from acquiring new users isn’t
permanent until those users are converted into
retained users. Engage with users who are
well-versed with your app’s o° erings, build a
connection with them, and turn them into
long-term customers.
Industry #CleverTips
Benchmark
To Drive Users to Retention:
63%
Learn user preferences and interests using
psychographic segmentation.
Understand the popular categories that
drive conversions and promote them.
of
uu ss ee rr ss Focus on users with the highest chance of
convert in the app and being retained by creating and nurturing
move to the retention stage within your ‘potential loyalist’ user segment.
1 week
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ONBOARDING ENAGAGEMENT RETENTION REINSTALLS
User Retention
Benchmarks
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App Stickiness: Retention Rates:
“Stickiness” measures how much Retention rate is the percentage of
users are engaging with a product or users who stay with the app over a
feature. The closer your stickiness certain period of time.
quotient is to 1, the more frequently
your monthly active users are return-
ing to your app.
Industry Industry
Benchmark Benchmark
27.4%
AV E R AG E
48.3%AV E R AG E
STICKINESS R E T E N T I O N R AT E
Observed on Retained Users 30 Days after User is Acquired
#CleverTips #CleverTips
to Increase App Stickiness: to Increase Retention Rates:
Create user segments based on in-app Monitor trends for DAUs, WAUs, and
behavior to track activity and identify MAUs.
the percent of users about to turn Use cohort analysis to compare how
inactive di° erent user groups behave over time
Create automated campaigns to and identify your most successful
engage users who are about to slip customers.
away Use omni-channel campaigns to reach
Tell inactive users you miss them and users on the right channel at the right
inform them of new features via time.
personalized emails
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Additional Metrics to Watch:
METRIC DESCRIPTION
Average Time in App (per The time a user stays active on your app
session)
Recommendations:
How to Boost User Retention
Use these strategies to improve your user retention for di° erent types of user
segments.
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ONBOARDING ENGAGEMENT RETENTION REINSTALLS
Churn
Users you’ve nurtured over time should be
monitored closely to ensure that they don’t
churn. Identify early signs of potential
uninstalls to proactively engage with users
to reduce the chances of the user turning
inactive.
Industry #CleverTips
Benchmark
To Prevent Churn:
35%
Understand what most of your users do
right before they uninstall your app
Use search history to send price drop alerts
to users who are about to churn
of
uu ss ee rr ss
Remind users of unexplored features or
benefits of your app
Churn in
2 weeks
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ONBOARDING ENAGAGEMENT RETENTION REINSTALLS
User Reinstall
Benchmarks
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Uninstall Rate: Reinstall Rates:
Even the most successful apps see Reinstall rates help you measure the
some users churn. By monitoring e° ectiveness and ROI of your
uninstall rates, you’ll have a better remarketing campaigns.
understanding of your user
experience and what leads to
uninstalls.
Industry Industry
Benchmark Benchmark
42.5%
AV E R AG E
57.6%
AV E R AG E
U N I N S TA L L R AT E R E I N S TA L L R AT E S
Within 30 Days of App Install One Month After Uninstalling the App
#CleverTips #CleverTips
To Reduce Uninstalls: To Increase Reinstalls:
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Additional Metrics to Watch:
METRIC DESCRIPTION
Recommendations:
How to Drive Reinstalls
Use these tips to encourage app reinstalls for inactive and churned users:
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We help consumer brands
retain their users for life.
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Additional Resources:
Must-Have Push Notifications for Travel Apps (Whitepaper)
4 Travel App Awareness and Acquisition Strategies for a Smooth Sail (Blog)
6 Hacks to Get User Onboarding on Track for Your Travel App (Blog)
How Travel Apps Like Expedia Can Better Monetize Their Apps (Slideshare)
Methodology:
Our data science team analyzed billions of anonymous data points across multiple
global travel apps in the first half of 2018. We did a deep-dive into user behavior
inside the app, reactions to engagement campaigns, and conversions to
understand the key factors that contribute to growth. Over 55 billion user actions
across 1 billion devices were studied for this report.
clevertap.com | info@clevertap.com