{
  "docId": "019dd923-5eff-723e-9be6-aa984146bb0e",
  "docSlug": "2bce177c879b6bb7",
  "documentTitle": "2025 Q3 Investor Presentation",
  "authorId": "HBX-Group",
  "authorName": "HBX Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 21,
  "pageCount": 53,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "business_case",
  "function": "present_solution",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "The slide uses a flow diagram to explain the merchant business model and revenue sharing.",
  "elementsJson": [
    "headline_text",
    "process_diagram",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be6-aa984146bb0e/21",
  "deckHref": "/decks/019dd923-5eff-723e-9be6-aa984146bb0e",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be6-aa984146bb0e.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be6-aa984146bb0e#slide-21",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.94,
        "x": 0.03,
        "y": 0.86
      },
      "kind": "callout",
      "text": "HBX Group not only provides the rails connecting hotels and distribution partners but also has a high level of control thanks to the merchant business model",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "df4735d6-5254-420a-9a64-989cc375ff2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "HBX Group not only provides the rails connecting hotels and distribution partners but also has a high level of control thanks to the merchant business model.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-6d55-7689-90f6-df388c14d939",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.84,
        "x": 0.08,
        "y": 0.25
      },
      "kind": "diagram",
      "text": "Flow diagram showing Hotel, HBX Group, Distribution partner, and Traveller interactions.",
      "attrs": null,
      "subkind": "value-chain",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0f6ef730-b64e-4106-a5c7-c1aee7beda67",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "take rate: €10",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-6d55-7689-90f6-e38f723c300a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.8,
        "x": 0.02,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Company Information. Note: HBX Group generally conducts its accommodation business through a merchant model...",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be49cca7-5b87-4455-8c25-ab9416da9439",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.78,
        "x": 0.11,
        "y": 0.05
      },
      "kind": "title",
      "text": "HBX Group's accommodation business model is based on take rate per room night",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3948465-cd2f-4e27-ac65-6ecd9bf2fd07",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "2bc0f863-b84d-4e00-9e88-8323defa2e22",
      "evidence": "diagram/value-chain: Flow diagram showing Hotel, HBX Group, Distribution partner, and Traveller interactions.",
      "confidence": 0.7
    }
  ],
  "frameworks": [
    {
      "name": "value-chain",
      "slug": null,
      "matchId": "71f5c6d9-569e-4f19-8691-0398c21b9f38",
      "evidence": "The diagram maps the flow of value and money between entities in the ecosystem.",
      "confidence": 0.8
    }
  ],
  "arcBeats": [
    {
      "to": 24,
      "from": 17,
      "beatId": "ce04c363-5cc8-472b-82ae-ee12494e121f",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The document presents HBX Group's value proposition and business model as a solution to the problem",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}