how would you measure the success of tripadvisor's hotel booking feature?

Introduction

Measuring the success of TripAdvisor's hotel booking feature requires a comprehensive approach that considers multiple stakeholders and metrics. To effectively evaluate this product success metric problem, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

TripAdvisor's hotel booking feature allows users to search, compare, and book hotel accommodations directly through the TripAdvisor platform. This feature integrates with TripAdvisor's existing review and rating system, providing users with a seamless experience from research to booking.

Key stakeholders include:

1. Users (travelers)
2. Hotels and property owners
3. TripAdvisor (the company)
4. Investors
5. Competing OTAs (Online Travel Agencies)

User flow:

1. Search: Users enter destination, dates, and preferences
2. Compare: Users view hotel options, prices, and reviews
3. Select: Users choose a hotel and room type
4. Book: Users complete the reservation and payment process

This feature aligns with TripAdvisor's strategy to become a full-service travel platform, moving beyond just reviews and recommendations. It competes directly with established OTAs like Booking.com and Expedia, leveraging TripAdvisor's vast user base and review content.

Product Lifecycle Stage: Growth phase. The feature has been introduced and is gaining traction, but there's still significant room for expansion and optimization.