Think Globally... Opportunities for small tourism businesses in the new economy. Stephen Joyce President & CEO Rezgo.com (A Division of Sentias Software Corp.) Deliver Locally
Nov 22, 2014
Think Globally...
Opportunities for small tourismbusinesses in the new economy.
Stephen JoycePresident & CEORezgo.com(A Division of Sentias Software Corp.)
Deliver Locally
è The tour & activity marketè Understanding Suppliersè What suppliers needè Stake your claimè Where does Rezgo fit inè Destination Opportunity
Of tour & activitysuppliers have websites.* Internal market research
20%
Of suppliers distributethrough resellers.* Internal market research
5%
è Too many suppliersè Few products per supplierè Product has little inventoryè No standard systemsè Lack of distribution tech.è Lack of scale
vs.
Of supplier capacity is soldon annual basis.* Internal market research
47%
Average booking valuebased on two guests.* Internal market research
€100
Number of listed tour,attraction, and activitycompanies in NorthAmerica.* Internal market research
64K
Current share of onlinetravel market (Leisure andUnmanaged Business)2009.
* PhoCusWright Research
2%
Why sosmall?
è Lack of Web Knowledgeè Lack of booking technologiesè Traveler reluctance to book
* PhoCusWright Research
The market is NOTsmall
Estimated value of destination tours &activities in North America.
* Internal market research
€18.4 B
ImprovingLocal economies
Understandingsuppliers?
Anatomy of a Supplier
è Single Owner/Operatorè Guide/Outdoor Experienceè No formal business backgroundè Little or no best practicesè Little capital for technology
Supplierswould rather beout doing whatthey love thansittingbehind a desk.
è Products are uniqueè Accounting is unique.è Relationships are unique.è Businesses are too complexè Don't need more bookings.
What suppliers say
è No product structureè No accounting standardsè Sell to whoever they can.è No business intelligence toolsè Can't handle more bookings.
What suppliers mean
When it comes to running theirbusiness, many are lost in a forest oftheir own creation.
What suppliersneed
è Standardized product structure.è Consolidate marketing content.è Proper reportingè Access to best business practices.è Access to distribution.è Simplicity not complexity.
Tools & knowledgethat enable suppliersto improve theirbusiness and providea better product orservice for visitors.
Supplier Opportunity
è Sell their services online.è Reduce administration costs.è Increase market reach.è Distribute effectively
Stake yourclaim
You are the
Long Tail!
è Regionally specificè Activity specificè Culturally specificè Specialized
Your suppliers are the ingredientsof your
“Secret sauce”
Get suppliersengaged
preparedget1.
è Set up their companiesè Proper Licensingè Liability Insuranceè Phone, Fax, Email
online NOWget2.
è Setup a siteè Secure their domainè Kick start their brandsè Become the expert
your assetsorganize3.
è Flickr for photosè Youtube for videosè World 66 / WikiTravelè Wikipediaè Google Knol
their productsorganize4.
è Write rich descriptionsè Create a scheduleè Define rules for pricingè Create promotions
online toolsuse5.
è Blogè Facebook/Beboè TList / TravelBlogCampè Twitterè Google Maps & Local
What can onlineBookings offer?
è Secure instant bookingè Instant online paymentè Realtime availabilityè Increased distributionè Pay per booking
So where doesRezgo fit in?
The GoalBuild a system that gave Mikethe Kayak guide the same (if notbetter) tools then the airlinesand hotels.
è Scalableè Easy to useè Standards basedè Cost efficientè Play well with others
But how RezgoWeb 2.0?
SupplierGenerated
Content
Single Source Inventory
850+ Suppliers
RMO
DMO
DMC
Retailer
XML API
Software as a Service
850+Suppliers
è Rich Media supportèGeolocationè XML APIè Mobile Checkinè Access to distributionè Channel Managementè Reduced costs
Logic Prevails
“The needs of themany outweigh theneeds of the few... orthe one”
The destinationopportunity
è Supplier generated contentè Supplier managed productsè Access to the secret sauceè Focus on marketingè Measurement & Analyticsè More relevance for suppliers
Change that impactseveryone
è Suppliers increase revenueè Destinations market betterè Agents get access to productè Visitors get more relevant content
Begin