OLSET presentation at mef nov 2013
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Travel automation & personalization presented at the MEF global forum.
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OLSET presentation at mef nov 2013
- 1. Because Travel Is Personal Gadi Bashvitz November 2013 www.OLSE YOU ARE OLSET gadi@OLS
- 3. Hudson Crossing Research Feb 2013 OLSET – Proprietary & Confidential
- 5. The Opportunity For Travelers & Online Travel Agents 78% of travelers who come to the site with an intent to book do not complete a booking Google Research Jan 2013 In 2012 25% of travel booking searches were on mobile devices OLSET – Proprietary & Confidential
- 6. Reviews Are The #1 Driver For Bookings Price 173 (45.2%) Reviews 312 (80.6%) August 27, 2013 - Kelly A McGuire, PhD, Breffni M. Noone, PhD.
- 7. The Current Mobile Experience is Painful
- 8. Proactive Booking Via Virtual Assistant (Any.Do)
- 9. OLSET Categorizes Millions of Traveler Sentiments OLSET – Proprietary & Confidential
- 10. OLSET Tech Talk Traveler Inventory Travel History Attributes & Price Boundary Conditions Travel Sentiment Attribute Sentiment Sensitivity Amazon EC2 Mongo Match Mahout Patented Process, technology & algorithm Patent
- 11. Go To Market Online Travel Agents Virtual Assistant Apps We make an average of $11 for every night booked OLSET – Proprietary & Confidential
- 12. OLSET In The News
- 13. Recent Large Exits in Travel Company Acquisition $$ Acquirer $2.1Bn Priceline $700Mn Google $3Bn IPO $121Mn Concur $115Mn Microsoft Average acquisition multiplier = X8 revenue OLSET – Proprietary & Confidential
- 15. YOU ARE OLSET Gad Bashvitz Co-Founder & CEO E: gadi@olset.com P: 631.897.9827 570 Beale St. San Francisco, CA www.OLSE gadi@OLS
Editor's Notes
- What is OlSet?Why should you care?- Real problem- Huge market - Clear revenue modelWhy are we the right team to do this?Now that we agree on all the points above let’s look at the Application in more detailThere are other ways to make moneyBut before we make money we need to get travelers on board so let’s talk about traveler acquisition
- Total nights booked in 2017 is still less than 8% of current Priceline nights booked per yearAssumed growth rate is 50% of AirBNB growth rate