Oh the Places You'll Go! Disrupt Travel with Johannes Reck (GetYourGuide)
13 Apr 2024 (8 months ago)
Get Your Guide Company Overview
- Get Your Guide is a platform for tour providers to list and sell their services.
- The company has expanded to include creating new types of experiences called Get Your Guide Originals, designed to align with travelers' interests rather than traditional tourist attractions.
Funding and Controversy
- Get Your Guide recently raised a significant round of funding led by SoftBank, which faced controversy due to SoftBank's ties to the Saudi Arabian government.
- The company condemns the murder of Jamal Khashoggi and emphasizes that SoftBank's involvement should not be seen as an endorsement of the Saudi Arabian government.
Business Model and Growth
- GetYourGuide has a different business model compared to other SoftBank-funded companies and focuses on long-term growth and profitability.
- The company has strong unit economics and is not burning cash for growth.
- GetYourGuide is the market leader in tours and attractions, experiencing accelerated growth while increasing profitability.
New Product Launch
- GetYourGuide is launching GetYourGuide Originals Day Trips, projected to sell over a million tickets in the next 12 months.
Core Competency and Partnerships
- GetYourGuide's strength lies in curating and providing high-quality experiences.
- The company partners with local operators for transportation and other logistics.
Innovation and Technology
- The CEO emphasizes the company's ability to innovate and adapt to the evolving travel industry.
- GetYourGuide leverages technology to enhance travelers' experiences.
- They provide operators with data, knowledge, and capital to improve their services.
Customer Experience
- Customers are offered high-quality, curated, and recommended experiences.
Marketing and Content
- Instagram is the primary platform for sharing travel experiences and content.
- The company is open to using any platform to reach consumers with its content.
Success Factors
- The company's success is attributed to people's love for travel and the quality of the content provided.
Key People