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b"According to a recent report titled \\u201cThe Tipping Point for Travel Loyalty in 2023\\u201d from iSeatz, while 61% of consumers believe that the loyalty programs they belong to are helping them to save money and get more value from their travel experience, only 51% of them visit their loyalty program website first when making travel booking decisions. What\\u2019s worse - 63% of loyalty providers thing they are their members\\u2019 first choice. So there are some disconnects between what customers want and are experiencing, and what loyalty programs are providing.\\n Today we\\u2019re going to talk about the state of customer loyalty programs and the role of personalization in improving customer retention and lifetime value.\\n To help me discuss this topic, I\\u2019d like to welcome Andy Hermo, Chief Commercial Officer at iSeatz.\\n RESOURCES\\n PartnerHero: to waive set up fees, go to https://partnerhero.com/agile and mention \\u201cThe Agile Brand\\u201d during onboarding!\\n iSeatz Loyalty Series report:\\n https://www.iseatz.com/loyalty-series-report?utm_campaign=Tipping%20point%20for%20Loyalty%20H2%20-%20Clone&utm_source=Press%20Release&utm_content=Download%20Form\\n iSeatz website:\\xa0https://www.iseatz.com/en/\\n The Agile Brand podcast website:\\xa0https://www.gregkihlstrom.com/theagilebrandpodcast\\n Sign up for The Agile Brand newsletter here:\\xa0https://www.gregkihlstrom.com\\n Get the latest news and updates on LinkedIn here:\\xa0https://www.linkedin.com/company/the-agile-brand/\\n For consulting on marketing technology, customer experience, and more visit GK5A:\\xa0https://www.gk5a.com\\n Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology:\\xa0https://www.agilebrandguide.com\\n The Agile Brand podcast is brought to you by TEKsystems. Learn more here:\\xa0https://www.teksystems.com/versionnextnow\\n The Agile Brand is produced by Missing Link\\u2014a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content.\\xa0https://www.missinglink.company\\n SYNOPSIS\\n According to the podcast episode, companies must prioritize understanding and meeting their customers' needs to improve their loyalty programs. One challenge is the lack of options and breadth of offerings in loyalty programs, which prevents customers from always choosing their loyalty program provider first. To enhance loyalty programs, customers expect a wide range of options that cater to their preferences and interests. Technology also plays a crucial role, and companies without modern tech stacks may struggle to keep up with evolving consumer needs. It is essential to invest in scalable and adaptable platforms that can incorporate advanced personalization capabilities. Additionally, dedicated and highly talented resources are necessary to drive a strategic loyalty approach. Relying on shared or part-time resources from marketing or finance departments may not be sufficient for effective loyalty program management. Therefore, companies should prioritize understanding and meeting customer needs, leveraging technology, and investing in the right talent to improve their loyalty programs.\\n The episode highlights the rapid evolution of technology and the challenges faced by companies without modern tech stacks in meeting consumer needs. Modern platforms are scalable and easily adaptable to new capabilities, such as advanced personalization. To stay competitive and effectively cater to consumer demands, companies need to invest in modern technology. The episode emphasizes the importance of dedicated and highly talented resources in the loyalty department to drive a strategic loyalty approach. It also mentions that implementing modern technology and capabilities in loyalty programs requires a significant investment. While some companies excel in personalization, there are different levels of personalization, with hyper-personalization utilizing AI and real-time data to understand true intent and offer more meaningful experiences. Overall, the episode highlights the importance of staying up-to-date with technology advancements and leveraging modern tech stacks to effectively meet consumer needs.\\n According to the episode, one of the most crucial actions to improve customer loyalty programs is to focus on providing a great user experience and engaging members frequently. This involves creating a program that is easy to use and navigate, as well as offering incentives and rewards that encourage active participation. By capturing data throughout the customer journey, companies can better understand member preferences and tailor their loyalty program accordingly. The episode emphasizes the importance of consistent member engagement and data capture to drive deeper engagement and enhance the overall effectiveness of the loyalty program.\\n \\nLearn more about your ad choices. Visit megaphone.fm/adchoices"