This interview with my former boss Johannes Reck, co-founder of GetYourGuide is worth a read.
(GYG are a sponsor at our FareHarbor conference Spark and they will be exhibiting in our expo hall. Do pop over for a chat with them if you are interested in learning more. We have a record number of clients who have registered for Spark and only have a few spots remaining, more info in the first reply.)
Too busy to read the article - let me relive my Tourpreneur Travel Community daily brief days - this is what stood out to me:
On Experiences:
“It’s a $250 billion market, a third each in APAC, Europe and US. We are all a fraction of the total market so we’ve got 20 years of growth ahead of us. We should all be trying to grow the market.”
On Growth
'Three months ago, GYG raised another $194m, its European business is on a roll, it’s making good inroads into the US and even the slowest recovering region, Asia Pacific, is now at three times revenue pre-pandemic. “Since January 2022, GetYourGuide has grown four times over pre-pandemic levels, and we turned profitable this quarter,” he said, triumphantly.
'What it will do – it will fortify its leadership position in Europe and gain inroads in the US, competing head-on with Viator; it will grow its global offerings – it doubled its selections to 100,000 in the last 12 months; and it will expand its GYG Originals, having refined the concept.
Said Reck, “The original concept didn’t work as well – we worked with existing tours and tried to modify elements and brand them, like a white label – and the consumer ended up confused. Now the concept is truly unique exclusive products you can only find on GetYourGuide.”
https://lnkd.in/eNpm3xhn
#GetYourGuide #TravelIndustry #FareHarbor
CEO, Riskline | Travel safety & risk data for tech, travel, insurance, assistance & fintech
2moAlways like what KAYAK stands for. Our fokus is safety and verified risk date. Would love to have travellers to be more informed so they can be less stressful, more informed and vigilant. The truth and nothing else!