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How did the shutdowns in the travel industry caused by COVID affect Bespoke?
In a pretty severe way, as you might have guessed! Sadly we lost 25 percent of our team — in some cases because they were stuck outside of China and, with little prospect of any significant income or way of returning, were forced to find other work in their home countries. We also had to reduce the size of the office space we were renting fairly quickly, but that was easy thanks to WeWork, where we have offices in Beijing and Shanghai. The flexibility of their model really helped.
The Bespoke Travel Company team
How have you responded to the new situation?
Things have changed dramatically the entire way through. It's really kept us on our toes but also made us much stronger and brought out the best in the team. Thanks to our CFO giving us a metaphorical slap in the face about how serious things were in late January, we were able to mitigate a lot of the financial impact of refunds to overseas clients and the sudden loss of revenue quickly, and I'm still very grateful for that. Then it was about being as creative as possible. We moved our experiences online, creating several Speaker Series that began as early as April, and saw friends and clients from across the globe joining in online noodle-making sessions and tai chi classes. As things opened up again locally we scrambled to offer in-person tours again, though there were several restrictions placed on travel companies which made things tricky. That's when we came up with the Beihai Park Scavenger Hunt — the perfect experience for socially distanced fun that's still going strong today. Next was about creating tours that we knew would appeal to those that live in China, a totally different market to overseas tourists.
How do you think the travel industry will change post-COVID? What new trends do you foresee?
Honestly, I think prices are likely to go up - we're already seeing that from some of the hotels we work with, and I think it's inevitable as demand continues to skyrocket. If you see an early bird price from a travel company, snap it up quickly! I also think travel companies that weren't previously very imaginative are going to start being way more creative as they compete for attention, but, higher prices aside, the consumer will have more choice than ever, and that's never a bad thing. We're also seeing demand for off-the-beaten-path trips (as in, not just 'non-touristy'), and with any luck, a thoughtfulness around sustainable travel too. Hotels like the Yangshuo Mountain Retreat in Guilin are one of the few that walk the talk in this area, so do go support them and hotels like them.
Sarah with The Killers back in pre-pandemic times (photo credit: Torey Mundkowsky)
You have a slate of small group tours around China coming up; what was the inspiration behind these?
Prior to the pandemic, Fortune 500 companies and celebrities or wealthy individuals were happy to pay for the world's top China experts to tour them privately and give them insider access; however, most people aren't Katy Perry! So knowing that there are plenty of intellectually curious foreigners and locals here in China who would really appreciate the uniqueness of such a trip, the best way to do that affordably was to organize a series of group tours. COVID-19 handed us a brilliant opportunity to offer these types of trips to a wider group of people so honestly, we're over the moon about it.
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Images courtesy of Bespoke Beijing
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