selling globally & delivering locally - the research behind rezgo.com

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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

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This is the presentation I gave at the Creative Lapland Seminar in Rovaniemi, Finland in Apil 2009. The presentation describes the background internal & industry research we used to define our strategy and philosophies in the development of our web 2.0 tour operator software product, Rezgo.com.

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Page 1: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Think Globally...

Opportunities for small tourismbusinesses in the new economy.

Stephen JoycePresident & CEORezgo.com(A Division of Sentias Software Corp.)

Deliver Locally

Page 2: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è The tour & activity marketè Understanding Suppliersè What suppliers needè Stake your claimè Where does Rezgo fit inè Destination Opportunity

Page 3: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Of tour & activitysuppliers have websites.* Internal market research

20%

Page 4: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Of suppliers distributethrough resellers.* Internal market research

5%

Page 5: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Too many suppliersè Few products per supplierè Product has little inventoryè No standard systemsè Lack of distribution tech.è Lack of scale

Page 6: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

vs.

Page 7: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Of supplier capacity is soldon annual basis.* Internal market research

47%

Page 8: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Average booking valuebased on two guests.* Internal market research

€100

Page 9: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Number of listed tour,attraction, and activitycompanies in NorthAmerica.* Internal market research

64K

Page 10: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Current share of onlinetravel market (Leisure andUnmanaged Business)2009.

* PhoCusWright Research

2%

Page 11: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Why sosmall?

Page 12: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Lack of Web Knowledgeè Lack of booking technologiesè Traveler reluctance to book

* PhoCusWright Research

Page 13: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

The market is NOTsmall

Page 14: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Estimated value of destination tours &activities in North America.

* Internal market research

€18.4 B

Page 15: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

ImprovingLocal economies

Page 16: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Understandingsuppliers?

Page 17: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Anatomy of a Supplier

è Single Owner/Operatorè Guide/Outdoor Experienceè No formal business backgroundè Little or no best practicesè Little capital for technology

Page 18: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Supplierswould rather beout doing whatthey love thansittingbehind a desk.

Page 19: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Products are uniqueè Accounting is unique.è Relationships are unique.è Businesses are too complexè Don't need more bookings.

What suppliers say

Page 20: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

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

Page 21: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

When it comes to running theirbusiness, many are lost in a forest oftheir own creation.

Page 22: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

What suppliersneed

Page 23: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Standardized product structure.è Consolidate marketing content.è Proper reportingè Access to best business practices.è Access to distribution.è Simplicity not complexity.

Page 24: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Tools & knowledgethat enable suppliersto improve theirbusiness and providea better product orservice for visitors.

Page 25: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Supplier Opportunity

è Sell their services on­line.è Reduce administration costs.è Increase market reach.è Distribute effectively

Page 26: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Stake yourclaim

Page 27: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

You are the

Long Tail!

Page 28: Selling Globally & Delivering Locally - The Research Behind Rezgo.com
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è Regionally specificè Activity specificè Culturally specificè Specialized

Page 30: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Your suppliers are the ingredientsof your

“Secret sauce”

Page 31: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Get suppliersengaged

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preparedget1.

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è Set up their companiesè Proper Licensingè Liability Insuranceè Phone, Fax, Email

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on­line NOWget2.

Page 35: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Set­up a siteè Secure their domainè Kick start their brandsè Become the expert

Page 36: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

your assetsorganize3.

Page 37: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Flickr for photosè Youtube for videosè World 66 / WikiTravelè Wikipediaè Google Knol

Page 38: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

their productsorganize4.

Page 39: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Write rich descriptionsè Create a scheduleè Define rules for pricingè Create promotions

Page 40: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

on­line toolsuse5.

Page 41: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Blogè Facebook/Beboè T­List / TravelBlogCampè Twitterè Google Maps & Local

Page 42: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

What can on­lineBookings offer?

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è Secure instant bookingè Instant online paymentè Real­time availabilityè Increased distributionè Pay per booking

Page 44: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

So where doesRezgo fit in?

Page 45: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

The GoalBuild a system that gave Mikethe Kayak guide the same (if notbetter) tools then the airlinesand hotels.

Page 46: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Scalableè Easy to useè Standards basedè Cost efficientè Play well with others

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But how RezgoWeb 2.0?

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SupplierGenerated

Content

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Single Source Inventory

850+ Suppliers

RMO

DMO

DMC

Retailer

XML API

Page 50: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Software as a Service

850+Suppliers

è Rich Media supportèGeolocationè XML APIè Mobile Check­inè Access to distributionè Channel Managementè Reduced costs

Page 51: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Logic Prevails

“The needs of themany outweigh theneeds of the few... orthe one”

Page 52: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

The destinationopportunity

Page 53: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

è Supplier generated contentè Supplier managed productsè Access to the secret sauceè Focus on marketingè Measurement & Analyticsè More relevance for suppliers

Page 54: Selling Globally & Delivering Locally - The Research Behind Rezgo.com

Change that impactseveryone

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è Suppliers increase revenueè Destinations market betterè Agents get access to productè Visitors get more relevant content

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Begin

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W: www.rezgo.comE: [email protected]:  (604) 983­0083