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The Luxury Network International Magazine Issue 12

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Members<br />

Affairs<br />

<strong>The</strong> Big Red Group and the Experience Economy:<br />

Trading the Currency of Human Connection<br />

<strong>The</strong> Big Red Group (BRG) operates<br />

in the experiences industry,<br />

and is parent company to<br />

businesses RedBalloon (Australia<br />

and New Zealand), Adrenaline,<br />

Marketics (Albert AI), and Redii.<br />

com. BRG delivers the framework,<br />

platforms and services to each of<br />

the separate businesses, which allows<br />

us to invest capital in our people,<br />

technology and growth. Each<br />

business benefits directly from the<br />

combined resources of the group,<br />

and this management structure allows<br />

them to focus on delivering<br />

great experiences. It is our shared<br />

sense of purpose that unites our<br />

teams. Our businesses shift the<br />

way people experience life.<br />

Our world is changing, and where<br />

people choose to spend their time,<br />

money and energy is shifting. More<br />

people are doing more experiences<br />

than at any other time in history.<br />

Experiences as a sector of the<br />

economy is talked about in the media<br />

and researched extensively, as<br />

you will see throughout this document.<br />

<strong>The</strong>re is a natural progression to<br />

everything; economies are no exception.<br />

From Agrarian to Industrial,<br />

Service to Experiential – the<br />

global economy is changing. Focus<br />

has shifted from delivering goods<br />

and services, into the space of creating<br />

and staging experiences that<br />

elevate the customer experience<br />

beyond a mere transaction, and<br />

into the realm of true value exchange<br />

between consumers and<br />

business. Similarly, for business:<br />

Cash bonuses and branded stress<br />

balls simply don’t create a commu-<br />

88

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