wanderwe
DESCRIPTION
WanderWe takes the guesswork out of weekend getaways and mini-vacations to dozens of popular destinations around California and the Northeast. Based on your budget, interests, preferred travel time and broad date ranges, we recommend complete trips, including hotels, activities, restaurants, rental cars, flights and local events. Customize and share them with family and friends for instant feedback.TRANSCRIPT
Getaway Starts Here
Twitter handle @wander_we
People are taking more frequent
shorter trips
The Short getaway market is huge…
400 million leisure short trips taken in the US in 2012
44% of all leisure trips are 3 nights or less
58.5 million people took a road trip involving paid
lodging in the last 12 months
Average traveler takes one long trip per year but
multiple short getaways
The Market Opportunity
The Rise of the Tablet The Market Opportunity
Tablet usage, search volume and bookings
experiencing accelerated growth
84.1 million tablets will ship in Q4 2013, the first time
more than laptops, desktop combined.
Tablet converts at same level as desktop, but mobile is
66% lower- better look to book ratio
Hotels are accessed 41% more on tablets than Mobile –
driving conversions
Tablet fastest growing search channel in travel -
queries up 180% YoY compared to 68% for mobile
Dissatisfaction with short trip
travel search
Travel search experience hasn’t changed much-
but travelers needs to have
57% of getaway travelers are now flexible on their
destination
80% of travelers list budget as #1 requirement,
followed by lifestyle activities
Travel distance/and or time are much bigger
considerations for shorter trips
Short Getaway options are buried behind 7+ day trips
on most sites
The Market Opportunity
Clear Unmet User Need
The Market Opportunity
No product that currently caters fully to the
getaway traveler- from planning to booking
One size doesn’t fit all- user needs for short trips
are different than what they look for a long trips
The Market Opportunity
People are
taking more
frequent,
shorter trips
The Rise of the
Tablet
Dissatisfaction
with short trip
travel search
Clear Unmet
User Need
• Primarily focused on 2-4 day getaways < 500 miles from home
• Tablet first experience catering to flexible destination travelers who
want to search by budget and interests
• Other key features include:
• Hybrid editorial-algorithmic trip picker based on interests/ budget
• All in one booking for hotels, activities and transportation (coming soon)
• Original content and 1-4 day Itineraries broken across multiple interests
Overview
• Initial launch in most popular US getaway
markets-secondary travel market emphasis
• Beta includes California, Northeast & DC Metro
• Launch partners include Expedia, Viator and
tourism boards
• Fully funded through 2014
Overview
Business Model
• Booking revenue includes hotels,
activities/tours, events and car rentals • Prototype launch showed 2.5%-3.5% of
visitors likely to book on site
• Bundle media opportunities with other
portfolio properties for initial traction • Averaging $7+ CPMs
• Good traction from tourism boards/CVBs
• 500K+ short trip travelers from other
portfolio brands to market WanderWe to
How We Make Money
Product Sales
Offers/Deals
Media
50% 20%
25%
Ancillaries 5%
Who We Partner With
Demand Generation
Tap into Subscriber Base
Leverage Traffic Assets
Featured Mention at Next iPad
Launch Keynote Brand Placement in Breaking
Bad Series Finale
Demand Generation As WanderWe ramps up its own organic traffic base we will leverage our
incubator company’s massive traffic, subscriber and search assets to
drive meaningful demand
Long Tail Search
Tap into Subscriber Base
Leverage Traffic Assets
• 4m monthly uniques to travel properties – 25%
looking for 2-4 day trips
• Leverage Oversee Traffic Match Network traffic-
300m uniques/ month – 25% mobile
• 3m+ email subscribers including travel preferences
and interests
• Focus on long tail destination, activities & interest based
search
• Getaway travel less seasonal and higher incidence – expect
more frequent visits/user and to avoid seasonality dips
Partner with Secondary
Market Tourism Boards
• Promote WanderWe with local DMO’s & State Tourism Boards
• Market Tourism Board campaigns in exchange for opportunity to
reach their registered users
Why We Will Succeed
Fragmented Market
• Many regional and editorial
focused players
• Large national players have
some relevant content but no
dominant competitor
We’ve Done This Before
• Experienced team of travel industry
veterans
• Expertise in launching niche travel
businesses (AirportParking.com)
Clear Pain Point for
Travelers
• Getaway travel discovery and
booking is frustrating for travelers
• Short trips are different than long
trips – products should be as well
Our Assets & Expertise
• Large traffic / subscriber base
• Advertiser & partner relationships
• Inbound marketing expertise &
big data driven personalization
Market Traction
Launched our Public Beta today. Check us out!
Positive initial traction:
• Will be earning meaningful revenue and reach 100K+
registered users/subscribers in next four months
• 20% more engagement with Tablet over desktop
• 15% + first time users returned to site within two weeks
Live with all in one booking, increased customization
and more popular short trip markets by end of 2013 –
App to follow in Q1 2014
Continuing to sign on partners for activities/tours,
ancillary products and exclusive offers
We would love to hear your feedback and from
potential partners! Email us at [email protected]