Ep206 – Adam Schwab (Co-founder & CEO – Luxury Escapes) on reinventing Luxury Escapes & Scaling to $1B+ GTV

The Startup Playbook PodcastInsights and lessons from the world's best entrepreneurs and investors Twitter Facebook YouTube Instagram Ep206 – Adam Schwab (Co-founder & CEO – Luxury Escapes) on reinventing Luxury Escapes & Scaling to $1B+ GTV February 13, 2025 rohitbhargava Podcast My guest for Ep206 of The Startup Playbook Podcast was Adam Schwab. Adam started his career as a lawyer before transitioning to startups and has had a number of successful businesses, but is best known as the Co-founder & CEO of Luxury Escapes. Luxury Escapes is one of the world’s leading travel brands, revolutionising the way people book luxury getaways. Despite their success, it hasn’t always been a straightforward journey for the company, particularly going through periods such as COVID (an extremely difficult time for all travel businesses) and with Adam stepping away from the CEO role for a period of time. However he stepped back in the role with a renewed vision of the company and has seen the business grow from $350M pre-COVID to now doing over $1B in GTV sales annually. In this episode we covered a variety of topics including: Why Adam no longer looks at acquisitions as a growth strategy Why stepping away from Luxury Escapes made him a 10X better CEO The pivot in the business led to them growing from $350 million GTV to $1 billion+ GTV And much more! Timestamps: 3:05 Adam’s background 7:10 Early entrepreneurial journey, inherent traits and developed skills that helped him 9:39 Lessons from first business 13:14 Initial growth strategies at Luxury Escapes 18:50 Getting sued by Gabby & Hessi and then doing JV deals with them 25:23 Pivoting the business model 29:11 Creating culture and hiring at scale 33:45 Barefoot running 35:14 Understanding the needs of the customer and market 37:33 Leaving Luxury Escapes 43:41 Playing offense instead of defence during COVID as a travel company 48:55 the choice to limit outside funding 50:49 Key business metrics he tracks at Luxury Escapes 52:06 Future plans for Luxury Escapes 55:44 The changes he made coming back to Luxury Escapes after leaving 58:25 Taking care of health 1:00:28 How life priorities shift over time Our partners: A big thank you to Jeremy Sane and Shay Hamama for their help with this interview! Also a big shout out to our long-term partners for the show: Scendar  Scendar is the OG startup accounting firm in Australia catering to all stages of your business’ life. If you’re busy running your startup, you don’t have time to do your own books and forecast. Instead, fully outsource your finance function, giving you time and resources back to focus on what you do best in growing your business. Find out more at Scendar.com Vanta Vanta helps businesses get — and stay — compliant by automating up to 90% of the work for the most in-demand compliance frameworks. And with over 300 integrations, you can easily monitor and secure the tools your business relies on.Join over six thousand fast-growing companies that use Vanta to manage risk and prove security in real time.Startup Playbook Podcast listeners get access to an exclusive offer of USD$1000 off their plans. Head over to vanta.com/playbook to get access to this exclusive discount. Links mentioned: The Komo Club – Details & Cohort #1 applications available here Adam’s Links: Adam’s LinkedIn The Contrarians with Adam and Adir Luxury Escapes People mentioned: Jeremy Same Evan Spiegel Elon Musk Mark Zuckerberg Warren Buffet Mike Sneesby Steve Jobs Gabby Leibovich Hezi Leibovich Mark Hoenig Joshua Landy Chris McDougall Jensen Huang Shay Hamama Campbell McComb  Hamilton Helmer Jeff Bezos Adir Shiffman Companies mentioned: AirBnB OpenTable Groupon Herbert Smith Freehills Nine Microsoft LivingSocial eBay Scoopon Menulog Wesfarmers Catch.com.au Amazon Expedia Trip Auctus Investment Group Feedback/connect/say hello: [email protected] @RohitBhargava7 (Twitter) /rohbhargava (LinkedIn) @rohit_bhargava (Instagram) My Youtube Channel Credits: Music: Paycheck Other channels: Find all of the links for the podcast on Linktree here https://traffic.libsyn.com/secure/startupplaybook/Ep206_-_Adam_Schwab.mp3Podcast: Play in new window | Download | EmbedSubscribe: RSS admin January 1, 2014 Reply Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat admin January 1, 2014 Reply Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat admin January 1, 2014 Reply Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. 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