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ASMALLWORLD AG launches online hotel booking engine 'ASMALLWORLD Collection'

·7-min read

ASMALLWORLD AG / Key word(s): Product Launch

20-Jul-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Press release

ASMALLWORLD AG (SWX:ASWN) launches online hotel booking engine 'ASMALLWORLD Collection'

Zurich, 20.07.2020 - ASMALLWORLD AG announced today that it has launched the 'ASMALLWORLD Collection,' its own online hotel booking engine. The new travel service focuses exclusively on the world's best hotels and offers its customers the unique 'ASMALLWORLD Preferred Rate,' which comes with extraordinary benefits like room upgrades, $100 food & beverage credits, and late check-outs. The launch of the 'ASMALLWORLD Collection' allows the company to further monetise its travel-savvy member base and is expected to become a key contributor to the company's growth going forward.

ASMALLWORLD announced today that it has launched its own online hotel booking engine called the 'ASMALLWORLD Collection.' The new service is a refined and extended version of the booking engine initially developed by LuxuryBARED, which was acquired by ASMALLWORLD in February 2019.

During the last 12 months, ASMALLWORLD's in-house development team further improved the backend functionality of the booking engine and developed an entirely new front-end for web, iOS and Android. The result is a modern, intuitive, and highly visual booking experience across all platforms which caters to the preferences of its demanding customer base.

The 'ASMALLWORLD Collection' will complement the company's traditional travel agency business 'ASMALLWORLD Private,' which offers a highly personalised luxury travel curation service provided by a team of expert travel designers.

"The ASMALLWORLD Collection offers our customers an incredible selection of the world's best hotels and with our exclusive 'ASMALLWORLD Preferred Rate,' we offer our customers something unique they simply can't get from any other hotel booking engine," comments ASMALLWORLD CEO Jan Luescher.

Focused exclusively on the world's best hotels

The 'ASMALLWORLD Collection' is focused exclusively on the world's best hotels. The company's strategy is not to offer a complete set of hotels for a destination but to present customers with a preselected list of first-class hotels. All listed hotels are hand-picked by the company's travel experts for their exceptional guest experience. For customers, this means they can book their trips with absolute confidence, knowing that whichever hotel they choose will meet the highest standards.

The 'ASMALLWORLD Collection' emphasizes leisure travel and caters to travellers looking for longer holidays or short-term getaways.

At launch, the service will offer a selection of about 600 hotels concentrated in the most important travel destinations. To increase its global coverage and to offer a great variety of hotels, the company plans to grow the number of hotels to over 1'000 in the future.

The exclusive 'ASMALLWORLD Preferred Rate' with extraordinary benefits

In addition to its high-quality hotel selection, the 'ASMALLWORLD Collection' offers its customers the choice between two rates, the 'Lowest Rate' and the 'ASMALLWORLD Preferred Rate' which is offered exclusively by ASMALLWORLD and not found on any other hotel booking engine. The rate provides tangible value-for-money to its customers with extraordinary benefits such as room upgrades, $100 food & beverage credits, early check-ins, late check-outs, daily breakfasts for two and free Wi-Fi.

The 'ASMALLWORLD Preferred Rate' offers customers a choice between booking the lowest available rate and a unique new rate with many extra benefits for little, or sometimes even no additional cost.

Accessible via web and app, for members and non-members

The new hotel booking engine is accessible via web (www.asmallworldcollection.com) as well as the ASMALLWORLD apps for iOS and Android. All platforms offer customers a first-class booking experience and customers can book or modify reservations on the platform of their choice.

The 'ASMALLWORLD Collection' will not only be available to ASMALLWORLD members but to non-members as well. To book the ASMALLWORLD Preferred Rate, a free account can be created during the booking process.

World-class partners offer high-quality offering and benefits

To offer such a first-class selection of hotels, as well as the unique ASMALLWORLD Preferred Rate, ASMALLWORLD works with great partners such as Virtuoso, Hyatt Privé, Hilton Impresario, Peninsula, Jumeirah, Shangri-La and The Leading Hotels of the World.

In addition, ASMALLWORLD established great relationships with individual hotels to deliver a high-quality service. The company plans to add additional partnerships in the future to grow its inventory even further.

Key contributor to the company's growth going forward

The 'ASMALLWORLD Collection' allows ASMALLWORLD to further monetise its travel-savvy member base and is expected to become a key contributor to the company's growth going forward.

Based on a representative study conducted in 2019, ASMALLWORLD estimates that its members have a combined spend of CHF 1.1B on hotels per year. Members indicated that they undertake an average of 21 leisure trips per year and spend CHF 680M on such trips alone, which is the spend that the 'ASMALLWORLD Collection' is targeting.

While travel activity has been significantly reduced due to COVID-19, experts expect a significant recovery in 2021. With the introduction of the 'ASMALLWORLD Collection,' ASMALLWORLD positions itself to capture a meaningful portion of its members' travel spend once international travel resumes.

As the booking engine is also open to non-members, the company may also capture the travel spend of customers beyond ASMALLWORLD's member base, which offers an additional upside for the service.

Over the coming months, the company expects to introduce a booking-related loyalty bonus into its ASMALLWORLD memberships to create a positive feedback loop between its social network and its hotel booking engine.

"We plan to bring a loyalty program for the ASMALLWORLD Collection into the ASMALLWORLD memberships, which will allow us to realise synergies between the two sides of the business, resulting in higher overall revenue growth for the company," comments ASMALLWORLD CEO Jan Luescher.

The 'ASMALLWORLD Collection' in now live: www.asmallworldcollection.com

This press release and further information can be found at www.asmallworldag.com.

 

The ASMALLWORLD Group

ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.

Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which inspires members to travel better, experience more and make new connections.

Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, book hotels, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.

Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world to flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.

Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:

ASMALLWORLD Collection, an online hotel booking engine focused on the world's best hotels, offering the unique "ASMALLWORLD Preferred Rate" (expected to go live in July 2020)

ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service

ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles

First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices

The World's Finest Clubs, the world's leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world

For more information, please visit:

www.asmallworldag.com

www.asw.com

www.asmallworldcollection.com

www.asmallworldprivate.com

www.asmallworldhospitality.com

www.north-island.com

www.first-class-and-more.de

www.first-class-and-more.com

www.finestclubs.com

Contact:

ASMALLWORLD AG
Jan Luescher, CEO
Bellerivestrasse 241
CH-8008 Zurich
press@asw.com


End of ad hoc announcement

Language:

English

Company:

ASMALLWORLD AG

Löwenstrasse 40

8001 Zürich

Switzerland

ISIN:

CH0404880129

Valor:

A2JE3W

Listed:

Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart, Tradegate Exchange; SIX Swiss Exchange

EQS News ID:

1096855


 

End of Announcement

EQS Group News Service

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