Wow! This is really well written, simple and was easy to understand, thank you. On the tour-operator example - Would the % of recurring business change based on how premium the tour is? I'm currently exploring purchasing a tour operator (this piece was a timely read) and a part of my thesis is that the higher-value the tours are, the larger the margin of safety and quality of revenue. Also curious if you have any other general thoughts on tour-operators you'd be open to sharing.
Very useful info, thanks for sharing it.
Great information. Thank you.
Wow! This is really well written, simple and was easy to understand, thank you. On the tour-operator example - Would the % of recurring business change based on how premium the tour is? I'm currently exploring purchasing a tour operator (this piece was a timely read) and a part of my thesis is that the higher-value the tours are, the larger the margin of safety and quality of revenue. Also curious if you have any other general thoughts on tour-operators you'd be open to sharing.