We are solving the biggest pain point in the hotel industry.
You've probably used sites like Expedia to book a hotel? Well, you’re in the majority! Up to 3/4 of online reservations come from 3rd party sites like Expedia, Priceline.
Here’s some facts you probably don’t know:
Fact 1) almost every online booking site that you have ever heard of is owned by one of two companies - Expedia and Priceline. It's a duopoly. And it's ripe for disruption.
Fact 2) This duopoly requires hotels to offer the same price across all websites. That means hotels can’t incentivize guests with pricing to book directly with them.
Fact 3) These 3rd party sites charge hotels up to 25% in commission!
Now that’s a $33 billion dollar pain point for hotels. And Stay Wanderful has a solution to alleviate it. We partner with hotels to incentivize guests to book direct through instant rewards.
We know most guests start their hotel search on site like Kayak. Once they have narrowed it down to one or two hotels they like, they will actually visit the hotel’s website to check out photos and content.
Our solution sits prominently on the hotel website incentivizing guest to book directly with the hotel by offering great free rewards such as - a free UBER ride, 15% off Bloomingdales, free Starbucks, free champagne... These are real tangible things guests want and need.
We follow guests through their booking journey as they click through the home page, into the booking funnel and even after their purchase. Allowing the guest to make a seamless redemption through Stay Wanderful.
The benefits to our hotel partner are unparalelled. We maximize conversion, thereby maximizing revenue; leveling the playing field against the likes of Expedia and enhancing the customer experience. The benefits for our merchant partners are equally as powerful. They get killer impressions to a very targeted market, whom have a high intention to purchase.
The team and early investors have significant domain expertise in hospitality.