Cars account for ~60% of airport revenue

August 16, 2017 Leave a comment

 

airport revenue

Apparently car parking & rental car concession fees account for ~60% of non-aeronautical fees for airports in North America. (I would have put the figure for retail / food at a much higher level than that.)

Given the juggernaut that is ride-sharing, this share is likely to take steep tumble: Although consultants used to have to rent cars in the old days, I’ve yet to meet a consultant who’s not addicted to Uber.

Categories: interesting, travel, trends Tags: ,

Silicon Valley high

August 13, 2017 Leave a comment

If you work in Silicon Valley and have ever wondered if what others are doing or saying is plain bonkers, there may be a (previously undisclosed) reason according to a recent article in 1843: A lot of people are doing LSD to “improve their productivity”. Although numbers are of course hard to come by, there are some clues in the article:

  • A¬†group on Reddit now has 16,000 members, up from a couple of thousand a year ago indicating a ~8x jump
  • Apparently most of the billionaires without exception use LSD

Interesting read. Keep in mind when meeting that next Silicon Valley leader.

Online retailers ~2x profitable as offline

August 6, 2017 Leave a comment

I’m not a fan of cute images that show data, but this one (from the WSJ) caught my eye for its data. It basically compares the total costs of sales offline vs. online. Notice that key differences are in not having to pay store employees which more than offsets the costs of free shipping and returns. The full article is here.

BF-AR108_goingo_9U_20170803133008

Categories: interesting Tags:

Funny: Virtual Reality

August 1, 2017 Leave a comment

This one from the New Yorker sums up VR in a nutshell.

VR

Categories: humor Tags:

Priceline on fire

August 1, 2017 Leave a comment

priceline partyApparently Priceline (the original “name your own price” company) is crushing it on all dimensions. The Economist calls it as the “best run internet company after Amazon”. Pre-tax earnings are growing faster than those of the usual tech darlings; it has a 96% gross margin and its share price has risen 4x that of the broader market in the last year.

Even if you haven’t ever used Priceline, you may have used one of its sister companies – e..g Kayak, OpenTable etc. Some other things that caught my eye:

  • The firms valuation is above $100B (compare that to Airbnb at a ‘mere’ $30B)
  • It’s apparently the world’s largest spender on Google (it spends ~$3.5B a year)
  • It now offers about 600k listings of “alternate accommodations” on Booking.com, up 50% over last year or so, but still behind Airbnb’s ~3M listings.

The full article is here. Definitely worth a read.

Funny: AirBnB bait-and-switch

Another good one from the New Yorker. Should ring true for consultants that use AirBnB.

airbnb

Categories: humor, travel Tags: ,

Machines, platforms, crowds

machine platform crowd

In a new book, Machine, Platforms and Crowds, the authors (Messrs. McAfee and Brynjolfsson, both from MIT) do a good job of stepping back and look at the overall tech landscape and what it could mean for how companies operate.

This is not their first rodeo (they have previously written good books – e.g. The Second Machine age) and it shows. A chunk of the material is repetitive, but there are good sections on the economics of platforms, the potential impact of Blockchain on companies and how companies should think about each of the key tech trends. Their central thesis is the competition is not between machine vs. man, platform vs. app or core vs crowd, but really that the smart companies will leverage both sides of the coin. Some tidbits:

  • As of 2012, Google was not using deep learning at all; by 2015 it was being used in about 1200 projects
  • In the mid 1990s, the US had ~2400 newspapers and generated about $46B in revenue. By 2013, total revenue had fallen by 70%
  • 2017 was the first year in the last 50 years that a new indoor mall didn’t open in the US
  • An estimated 130M books have been published throughout human history, of which about 30M are the Library of Congress.
  • Between 2011 and 2016 Apple acquired 70 companies, Facebook more than 50, and Google almost 200

Overall, worth a read. If you are in a hurry, they were also featured on a A16Z podcast recently.

Categories: books, future, technology Tags: ,