The increasing difficulty for a small-medium tourism operator to create noise in major visitor markets is fostering the growth of co-opetition within the tourism industry, particularly in regional destinations. This article examines the benefits of destination brand co-creation to individual stakeholders who are involved in co-opetitive tourism product marketing. The study explores the case of a regional Australian wine trail through in-depth interviews with four key stakeholders: participating businesses, regional tourism bodies and State Government. The findings compare and contrast the benefits of co-opetition and co-creation for small family-owned businesses versus governing bodies to inform understanding of how the different stakeholders interact. The former identify identity, reach and access to funding as key benefits, while State Government values the product development that co-opetition brings to a destination - in return giving them a stronger product to take to market.