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

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

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.

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.