{"id":482218,"date":"2021-04-27T08:03:56","date_gmt":"2021-04-27T12:03:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/magnite-research-finds-americans-are-actively-planning-vacation-travel-and-ctv-is-key-to-reaching-travel-decision-makers\/"},"modified":"2021-04-27T08:03:56","modified_gmt":"2021-04-27T12:03:56","slug":"magnite-research-finds-americans-are-actively-planning-vacation-travel-and-ctv-is-key-to-reaching-travel-decision-makers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/magnite-research-finds-americans-are-actively-planning-vacation-travel-and-ctv-is-key-to-reaching-travel-decision-makers\/","title":{"rendered":"Magnite Research Finds Americans Are Actively Planning Vacation Travel and CTV is Key to Reaching Travel Decision-Makers"},"content":{"rendered":"

\nNearly 60% of those surveyed more likely to consider a travel brand advertised on CTV than on traditional TV
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NEW YORK, April 27, 2021 (GLOBE NEWSWIRE) — Magnite<\/u><\/a> (Nasdaq: MGNI), the world\u2019s largest independent omnichannel sell-side advertising platform, released a study that surveyed over 900 American travel decision-makers about their vacation plans. The report, titled \u201cThe Great Escape,\u201d shows not just that Americans are actively planning their first trips in more than a year, but that CTV advertising is a critical medium for influencing their travel choices.<\/p>\n

\n Americans are eager to travel and are actively planning<\/strong>\n <\/p>\n

The study found that there is pent-up demand for travel and most respondents are confident they will be able to do so safely in the near future. 84% percent are optimistic that the improving pandemic situation will allow them to travel safely this year. Nearly the same percentage (83%) are already actively planning summer and fall trips. These conclusions are in line with Longwoods International\u2019s figure that 87% of Americans have travel plans within the next six months – the highest level in more than a year.<\/p>\n

\n Air travel and hotels are part of the plan<\/strong>\n <\/p>\n

77% of respondents said they are planning to fly once or more in the next year, and a large majority (86%) favor staying at a hotel, resort or motel when they reach their destinations. Nearly all respondents are planning at least one road trip with an average distance of 350 miles.<\/p>\n

\n Travel ads on CTV are trusted, inspirational and effective<\/strong>\n <\/p>\n

As Americans plan their travels, CTV is one of their primary sources for trusted information. 59% of respondents said they are more likely to consider a travel brand advertised on CTV than on traditional television, and more than half (56%) of respondents said travel ads on CTV are a key source of inspiration, information and ideas.<\/p>\n

The research showed that CTV is effective at driving consumer action. 65% percent of respondents said they visited an advertiser\u2019s website after seeing a travel ad on CTV. And nearly three-fourths (74%) took two or more actions after seeing a CTV ad – such as discussing the ad with someone or conducting further research.<\/p>\n

\u201cOur research shows that a vacation travel resurgence is coming, and many Americans are finally feeling safe enough to fly and stay in hotels,\u201d said Adam Lowy, Head of North American CTV Demand Sales and Strategy at Magnite. \u201cWhat\u2019s more, people are actively planning their trips now, and they were clear that they are influenced by travel ads streamed on connected TVs, often more than those on traditional television, and they\u2019re highly likely to drive them to take action. When you consider that according to eMarketer, more than a third of Americans are unreachable via traditional television, the study shows how CTV should be a key part of every travel advertiser\u2019s media plans.\u201d<\/p>\n

Additional key findings include:<\/strong><\/p>\n