The landscape in the travel industry has changed significantly over the course of fifteen years. Today, we often hear people say that the travel industry has been reduced to a handful of big players. That is not completely accurate. There are thousands of travel companies, comprised of lifestyle companies, family-owned businesses, and small groups of shareholders, operating independently.
From the crabbyMUSE perspective, very few small, privately held travel companies develop clear exit strategies or expansion plans. Sometimes the slightest tweak in one’s business model will be a game changing play in one’s ability to compete or attract investors. We believe, regardless of how long you intend to continue operating the business that one must be prepared for the day of capitalizing hard earned equity. This is the kind of plan that cannot be developed someday, down the road: it is an ongoing process.