Start A Travel Booking App - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
The travel industry is a booming business, and it’s only getting bigger. Online booking apps have made it easier for people to book their travel arrangements, and they are becoming more popular each year.
If you want to start a travel booking app, you should have a strong understanding of the travel industry and be experienced in programming too.
The recent trends that are making this business more popular are the growth of the travel industry and the rise of mobile technology. Businesses are looking for ways to offer their customers a convenient way to book travel arrangements.
Starting a travel booking app can be interesting and profitable. It offers a unique opportunity to develop an app that can be used by businesses to reach their customers. This is a great opportunity for those who want to get involved in the travel booking industry and learn more about how it works.
Starting a travel booking app requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell travel booking app, or selling travel booking app online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$600 |
$4,700 |
|
Equipment & Supply Expenses |
$63 |
$200 |
|
App Creation Costs |
$1,099 |
$20,099 |
|
Software Expenses |
$162 |
$3,069 |
|
Advertising & Marketing Costs |
$0 |
$3,000 |
|
Specific Industry Expenses |
$0 |
$100 |
|
Total Startup Costs |
$2,298 |
$45,735 |
Case Studies
•
$295K/mo
•
$2.8K/mo
•
$1.5M/mo
•
$50K/mo
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
Rome2rio |
rome2rio.com |
6,699 |
|
|
wego |
wego.com |
9,280 |
|
|
redBus |
redbus.in |
9,711 |
|
|
Kiwi |
kiwi.com |
11,036 |
|
|
GetYourGuide |
getyourguide.com |
13,944 |
|
|
eDreams |
edreams.com |
20,377 |
|
|
Yanolja |
yanolja.com |
29,607 |
|
|
TableCheck |
tablecheck.com/en/join |
29,806 |
|
|
Skiplagged |
skiplagged.com |
32,253 |
|
|
Justfly |
justfly.com |
38,631 |
|
|
TravelMath |
travelmath.com |
40,591 |
Pros & Cons
| Pros | Description |
|---|---|
|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
|
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
|
Traffic to your website |
A travel booking app gives people a reason to visit your website and to keep coming back to you! |
|
Meaningful business connections |
You never know who you will meet as a travel booking app. This could be the start of an incredible business opportunity! |
|
High customer retention rates |
Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
|
Control of workload |
With starting a travel booking app, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you. |
| Cons | Description |
|---|---|
|
Motivation of employees |
If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
|
Longer Sales Process |
A travel booking app can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers. |
|
Low margins |
The gross margins for your travel booking app are typically around 12%, which can make it more challenging to incur new expenses and maintain profitability. |
|
High employee turnover |
In the travel booking app, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment. |
|
Taxes |
As a travel booking app, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it. |
|
High overhead expenses |
With starting a travel booking app, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below. |
Marketing Ideas
-
1
Affiliate Program
Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.
Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.
The affiliate typically gets a unique link where clicks and conversions can be tracked.
-
2
Word of mouth
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.
-
3
Partnerships
A partnership is a formal agreement between two or more entities to oversee business operations and share profits and liabilities.
Creating strategic partnerships with an existing business can be a huge win for a startup.
This is considering that a partnership creates a new slate of future options for your startup.
On the other side, pursuit of partnerships could suck up a ton of time, and bunch of resources, and fail to materialize.
Therefore, entrepreneurs need to do proper research and evaluate the possibilities of achieving success through partnerships.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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