Wednesday, March 25, 2026
By
Jerome Bajou
I talk to activity operators every week. Boat tour captains in Santorini, paragliding instructors in the Alps, diving schools in the Algarve. They all share the same frustration.
Saturday was incredible. Guests left smiling, some booked again on the spot, a few even hugged them on the way out. Then Monday hit - inbox chaos, availability updates across three platforms, an OTA that just bumped its commission, and a marketing agency invoice for work nobody can measure.
I built CaptainBook because I watched this pattern repeat hundreds of times. The experience is never the problem. The business infrastructure around it is.
The €80K question
Let’s do the math on a €200K/year activity business. This is what most operators are leaking without realizing it:
• OTA commissions (40% of bookings): €16-20K/yr → with CaptainBook: €4-12K/yr • Direct booking platform fees (60%): €8,400/yr → €4,800/yr • Marketing agency retainer: €1,500-4,000/mo → €300/mo • Booking assistant / admin: €2,000-3,500/mo → €300/mo • Bookkeeping: €500-1,500/mo → Near zero
Total drag: roughly €80-116K per year. On a €200K business, that’s the difference between surviving and actually building wealth.
Same revenue. Same experiences. Completely different financial life.
OTAs aren’t the enemy - but their leverage is fading
OTAs built their moat on owning discovery. They pulled all demand into one place, and you paid 20-30% for access. That made sense when “search” meant Google and Google meant a handful of OTAs on page one.
That world is fracturing. Guests now discover experiences on Instagram reels, in group chats, through AI assistants that surface recommendations with direct booking links. The OTA commission doesn’t disappear - but it shifts to whoever shows up first with a way to say yes.
This is exactly why we are building CaptainBook’s AI booking agents. When a traveler asks ChatGPT or any AI assistant for “the best boat tour in Mykonos,” your inventory needs to be there, bookable, instantly - no human in the loop. We wil call it the Agent Transaction Gateway, and it’s coming this year.
The agency problem
The other money pit I see constantly: the digital marketing agency. €3,000/month, lots of meetings, lots of reports, results that never quite materialize.
The problem was never the agencies themselves. It’s that effective performance marketing requires constant testing, rapid adjustments, and deep knowledge of your business - things that are expensive with humans but increasingly simple with AI.
Our AI agents will handle this natively. Pricing optimization based on your actual booking data. Demand forecasting that tells you when to push and when to hold. Capacity management that fills empty slots without discounting everything.
The communication tax
Every operator I know spends hours daily on customer messages. Inquiries, confirmations, reminders, cancellations, rescheduling, review requests. It’s a full-time job disguised as “just answering emails.”
CaptainBook’s AI sales assistant will handle this 24/7, in every language, without missing a follow-up. Not template emails - contextual, personal communication that builds relationships instead of just processing transactions.
That €3,500/month booking assistant working business hours? Replaced by something that works around the clock and gets better over time.
Dynamic pricing is no longer just for airlines
Revenue management has been standard in hotels and airlines for decades. It was never accessible to a 3-boat operation in Corsica because nobody built the data infrastructure for this market.
We’re on it too! Our pricing agent analyzes your booking patterns, competitor positioning, seasonal demand, and weather data to optimize your rates in real time. Operators using it will see a 20-30% price increases without losing volume - because the system knows exactly which dates can bear it.
The real question isn’t features - it’s foundation
When operators evaluate software, they ask: does it handle my booking flow? Can I embed it on my website?
Those are the wrong questions for where this industry is heading.
The right question: does your software connect you to where guests will discover you next year, not just where they found you last year? Can it receive a booking from an AI agent acting on a traveler’s behalf? Does it let you own your data, your guest relationships, your pricing intelligence?
A closed system that can’t talk to anything is just a smaller, cheaper version of the OTA trap. Different landlord, same dependency.
Why now
The operators who build direct foundations in the next 3-12 months will have structural advantages over those who move in three years. Owned audiences, direct customer relationships, and efficient cost structures compound - but they take time to build.
Every month inside someone else’s platform, paying someone else’s agency, is a month that compounding works against you instead of for you.
Operators who moved early aren’t just saving money - they’re building fundamentally different businesses.
The experience is yours. The foundation should be too.
Jerome Bajou
Leadership Perspectives & Opinions





