With a million rupiah currently equal to around US$65, you’ll be transformed into a millionaire the moment you touch down in Indonesia.
GetYourGuide CFO: Latest Experience Trends
13.11.2023 - 17:49 / skift.com / Brian Chesky / Selene Brophy
Demand for unique experiences is an unstoppable trend that will continue to shape how travel businesses operate and engage with their customers in 2024 and beyond.
That’s according to Nils Chrestin, the chief financial officer of GetYourGuide, the most heavily funded company in tours and activity marketplaces. In June, the company closed an additional $194 million in funding, raising its total investment over the $1 billion threshold.
GetYourGuide is one of the dominant online travel marketplaces for experiences, along with Tripadvisor’s Viator and TUI Group’s Musement. Yet the market remains highly fragmented and offline, with these stakeholders accounting for less than 25% of the total addressable market for tours and activities.
The company, headquartered in Berlin, offers 118,000 activities from more than 18,000 experience providers. These offerings include guided tours led by local experts, culinary tours, cooking and craft workshops. It has also focused on Originals by GetYourGuide, its unique, curated experiences, such as a Museum of Modern Art in New York or Turning the Lights On at the Vatican Museums.
Chrestin, a German national who joined the company in 2019, spoke with Skift as the company heads into its 15th year of operation. He outlined GetYourGuide’s focus on deep specialization in creating unique experiences, the competitive landscape, and requests he’s been getting from investors.
*
The important thing is to be an inch wide and a mile deep.
So, you pick one use case, one vertical, one niche. And then all you do is really obsess over creating a beautiful product and creating value add to both sides of that marketplace. And so, for us, that’s obviously experiences.
I very much agree with what Brian Chesky from Airbnb said recently, that there is ultimately an opportunity for somebody to build a hundred billion company in this space. And we could not agree more.
I don’t necessarily think it’s the Chat Bot becoming ChatGPT type of moment … I do believe rather than there being kind of a zero-to-one switch suddenly, I think it just requires meticulous, continuous execution and a really long-term vision.
I think on the consumer side it’s equally easy to fall in love with the value proposition because ultimately the reality is, most people, if they’re fortunate enough, may travel to Rome once in their life.
The real reason why they’re going there is not to be in a plane or stay in some home or in a hotel. But it is to take home these memories, right, which they can share with their families, with their friends, with their children. And that’s where we come in.
It’s all for the same reason. We want to create memories. And I think that trend to go back to your question in terms of
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
30.11.2023 / 18:27
Our Most Popular Event: Skift Megatrends Is Back for an 11th Year
At the beginning of each year, Skift launches its annual Megatrends, forecasting the top trends that will define the travel industry for the year ahead. See last year’s predictions here.
breakingtravelnews.com
30.11.2023 / 10:17
Four Seasons Private Jet Experience: Latest 2025 Itineraries Revealed
Leading luxury hospitality company Four Seasons announces the latest line-up of Private Jet itineraries for 2025 with insider perspectives on the Four Seasons Private Jet Experience through guest testimonials. From the idyllic shores of the Maldives to the endless plains of the Serengeti, the three final journeys for 2025, International Intrigue, African Wonders, and World of Adventures, return with exciting new destinations and experiences, including an extended private cruise exploration of the Galápagos islands and a stay at the award-winning Four Seasons Hotel Istanbul at Sultanahmet. Based on a True Stay
travelpulse.com
28.11.2023 / 22:37
New African Safari Park Experience Coming to Georgia in 2024
If you want to get up close and personal with exotic animals in the Southeast U.S. in 2024, you won't even need to travel to Disney's Animal Kingdom.
forbes.com
27.11.2023 / 15:27
Experience The Best Of Danish Design In Copenhagen, Denmark
Danish design, a style characterized by its simplicity, excellent craftsmanship, and focus on function, has become known around the world for its seamless blend of tradition with contemporary aesthetics.
traveldailynews.com
27.11.2023 / 09:46
The Beau-Rivage Palace and the house of Guerlain to combine their 355 years of experience in pampering
New branded spa to open on February 1, 2024
forbes.com
26.11.2023 / 18:42
Experience The Real Magic Of Frozen: An Adventure In Northern Norway
Framed by the shimmering Northern Lights and the frost-kissed landscapes of Northern Norway, Up Norway extends an invitation for an immersive 6-day exploration of the magical world that inspired Disney's Frozen. This winter wonderland, cradled by majestic fjords and snow-coated mountains, unfolds its treasures in the form of immersive experiences, cultural encounters, and breathtaking adventures. With its captivating allure, this Frozen Fairytale Journey casts a spell that transcends the screen, beckoning travelers to step into the story, ignite their imaginations, and create enduring memories.
forbes.com
24.11.2023 / 15:07
How To Plan A Memorable Adventure Travel Experience In Norway
Known for its dramatic fjords, towering mountains and miles of forests, Norway is a playground for adventure seekers.
insider.com
23.11.2023 / 17:57
A woman backpacking across Europe got to Vienna and discovered her hostel was inside an Ikea. She said it was a 'weird' experience, but not in a bad way.
During a two-and-a-half-week backpacking trip across Europe last summer with two friends, Jess Braun was delighted and a little perplexed to discover upon touching down in Vienna, Austria, that her hostel was located inside an Ikea.
breakingtravelnews.com
21.11.2023 / 13:15
DAMAC Unveils a Premier Night Golf Experience at Trump International Golf Club Dubai
As winter sets in, DAMAC proudly announces the launch of its Night Golf facilities on the championship course at the renowned Trump International Golf Club Dubai, adding a touch of exhilaration to the overall golfing experience. Situated within the heart of DAMAC’s flagship master community, DAMAC Hills, the introduction of state-of-the-art LED floodlights ensures that the 18-hole Gil Hanse designed desert links style course remains open late into the evening, offering players an unparalleled golfing experience. The inaugural event, attended by esteemed guests and industry colleagues marked the official unveiling of the illuminated course. This development aligns with DAMAC’s commitment to providing world-class luxury sports facilities. Since its launch in 2017, the Trump International Golf Club has garnered acclaim, winning the Luxury Lifestyle Awards in Dubai twice for best Luxury golf course in the city. Notable accolades include the World’s best PAR 3 course in 2021 and the UAE’s best golf course in 2022 at the World Golf Awards. To commemorate the Night Golf facility’s launch, the club hosted an exclusive dinner, welcoming close associates, partners, and golf enthusiasts. The occasion showcased DAMAC and Trump International Golf Club’s dedication to delivering top-tier golfing services in the region and marking it as the first Trump golf course to offer night golf services. Nestled in DAMAC Hills, the luxury golf club offers more than just golfing excellence. Culinary enthusiasts can savour authentic Italian cuisine at PRATO, enjoy international flavours at the 71 Sports Bar with live sports on a mega screen, and experience community-style family dining at Caddy Shack.
travelpulse.com
21.11.2023 / 01:29
Experience More at Punta Cana Princess
Travelers heading to the Punta Cana Princess can now experience even more while at the resort.
travelpulse.com
21.11.2023 / 01:29
Making Memories in Style: The Ultimate Luxury Experience at Majestic Elegance Costa Mujeres Costa Mujeres
Are you dreaming of a luxurious holiday getaway that combines breathtaking views, top-notch amenities, and exceptional service? Look no further than Majestic Elegance Costa Mujeres Costa Mujeres, a paradisiacal destination in the heart of Costa Mujeres, Cancun, Mexico. In this blog post, you will be taken on an exciting journey through this enchanting resort, providing you with a glimpse into what makes a vacation experience at this resort simply unforgettable.