Joel Brandon-Bravo, Managing Director of Travelzoo UK, discusses principles for driving innovation and business growth at Travelzoo. He outlines four principles: 1) create a framework for innovation; 2) look to the future and use data; 3) listen to customers and use data; and 4) develop the team. Examples provided include growing the audience across platforms, enhancing products, launching new offerings like hotel deals and gifting based on customer data, and hiring the best people.
1. 0www.travelzoo.com
The Deal Experts. Over 27 Million Members Worldwide.
DRIVING INNOVATION AND BUSINESS GROWTH
Joel Brandon-Bravo
Managing Director UK, Travelzoo
2. 1www.travelzoo.com
1. Create a framework
2. Look to the future
3. Listen to your customers
4. Develop the team
4 SIMPLE PRINCIPLES
4. 3www.travelzoo.com
Existing Products New Products
Existing Markets
New Markets Diversification
Market Penetration Product Development
Market Development Diversification
4 SIMPLE PRINCIPLES
5. 4www.travelzoo.com
AUDIENCE GROWTH AND PRODUCT DEVELOPMENT
Annual revenue per Member
27 million Number of
Members
Travelzoo
Strategic Elements
1. Audience
Grow members across all
platforms
2. Products
Enhance our products
9. 8www.travelzoo.com
TYPICAL CAMPAIGN STRUCTURE
1 2 3
+ Compelling headlines
maximise user engagement
+ Users are directed to the
offer on advertiser’s website
or a call centre to book
+ Travelzoo editorial provides
3rd party endorsement for
each qualified offer
12. 11www.travelzoo.com
+ Restaurants
+ Entertainment
+ Mobile Focus
+ Spa
+ Activities
THE TRAVEL CONTINUUM
+ Top 20
+ Website
+ Destination features
Inspiration
+ Book directly with Travelzoo
+ What to do in-destination
Destination
Transaction
14. 13www.travelzoo.com
LAST XMAS WE LAUNCHED GIFTING
In additional to enabling
members to send as a gift via
email (for last minute or
international gifting)
We launched the ability to send it
as a gift pack through the post
with personalised messaging in a
quality gift envelope on premium
colour printed card.
Resulted in a 120% uplift in
gifting transactions
15. 14www.travelzoo.com
THE ‘WHAT’, ‘WHERE’ AND ‘WHEN’
“PUSH”
We inspire our users with top
deals at quality places…
“PULL”
… have not offered products
that are easy to search and browse
for specific needs
Just arrived in
Las Vegas. Any
show deals for
tonight?
You have a
hotel deal in New
York next weekend?
I’d like to take
the kids to Disneyland
in late August. Can
you help with a great
deal?
26. 25www.travelzoo.com
I don’t like lower class,
children’s names --
based on geography or
location!!
But your daughter is
called INDIA
KEEP TALKING (BUT THINK BEFORE YOU SPEAK)
NOT ON THE PRESENTATION, ONLY FOR SPEECH: Price reduction = booking incentives? How price sensitive are travel interested people truly? In which segments of travelling do people actually care about the price and where do they focus on the experience?
Ansoff’s Matrix
More on leisure
More on mobile
DEVELOPING THE TEAM
Hire people who are brighter than you and know more than you. Be challange. Encourage debate. Empower them to own their businesses and not micro manage them. Close enough to avoid big mistakes b
From a simple Top 20 App, we are now rolling out new versions each quarter with more functionality.
In destination and deals near me is the key driver but you can still book a cruise in three easy steps.
Line managers encouraged their reports to put themselves forward
Nerve racking but empowering and invigorating
From a simple Top 20 App, we are now rolling out new versions each quarter with more functionality.
In destination and deals near me is the key driver but you can still book a cruise in three easy steps.
Fine
NOT ON THE PRESENTATION, ONLY FOR SPEECH: Price reduction = booking incentives? How price sensitive are travel interested people truly? In which segments of travelling do people actually care about the price and where do they focus on the experience?
Keep talking, explain the changes, explain why they are important for the companies growth equally it’s a two way conversation
Listen to the people with the experience in the company and the feedback you are getting on the changes being made from suppliers and custoemrs
Zoom in – leader amaking the changes need to get down to the coal face, not just talking to the people at the coal face but stepping into their shoes and doing their job.
Chris joining hotel meetings to hear the objections the sales team were making.
Zoom in to get detail, and zoom back out again to let them get on with their job and keep reviewing from above
Not all ideas a possible, not all ideas are profitable and not all of them will make it. Whatsonwhen using events info to sell travel and tickets – B2C model wasn’t there, licensing events content worked for a while but travel companies didn’t need help selling product when big events were happening, so helpong them with destination content and ultimately the business made most of it’s money writing property descriptions for hotel chains, event licensing was still part of the business but we’d adpated 2-3 times in 8 years before really finding our growth.