Matsuya's Exclusive Premium Tour Business Model for Affluent Clients
Description
This examines the unique business model of luxury tours offered by the Japanese department store Matsuya, which are exclusively marketed to its most affluent "Gaisyo" (outside sales) customers. This strategy centers on providing "money-can’t-buy" experiences, such as private, nighttime use of cultural landmarks like Kochi Castle, for a high price point of approximately 400,000 yen per person.
The analysis breaks down five key components of this model: 1) the focus on wealthy, experience-seeking customers; 2) competition that includes any alternative "special way to spend a few days"; 3) a unique value proposition combining scarcity, narrative, and social contribution; 4) the reliance on Matsuya's brand, customer list, and expert staff as unique resources; 5) and a revenue model focused on direct sales as well as the long-term maximization of customer lifetime value (LTV).
This approach is presented as a successful way for the department store to utilize existing assets to transition from selling "things" to selling exclusive, high-value "experiences".
United States
