S
Starter Story
Business Idea
Start A Travel Booking App
About
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.
Want to learn more? You can check out our full guide on how to start a travel booking app ➜
Key stats
market size
$765B
revenue (monthly)
$2.8K
starting costs
$27.6K
gross margin
12%
avg product price
$9500
time to build
10 months
work from home?
Yes
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
| Office Space Expenses | $35 | $3,250 |
| Employee & Freelancer Expenses | $0 | $5,500 |
| Equipment & Supply Expenses | $525 | $5,500 |
| Website Costs | $232 | $6,500 |
| Business Formation Fees | $600 | $4,700 |
| App Creation Costs | $1,099 | $20,099 |
| Software Expenses | $150 | $3,019 |
| Advertising & Marketing Costs | $0 | $3,000 |
| Other Expenses | $0 | $800 |
| Specific Industry Expenses | $0 | $100 |
| Total Startup Costs | $2,641 | $52,468 |
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
MakeMyTrip | makemytrip.com | #1,258 |
|
|
Access to this page has been denied. | klook.com | #6,294 |
|
Rome2rio | rome2rio.com | #6,699 |
|
unknown | wego.com | #9,280 |
|
redBus | redbus.in | #9,711 |
|
Kiwi | kiwi.com | #11,036 |
|
Book Things To Do, Attractions, and Tours | getyourguide.com | #13,944 |
|
Your travel agency: Book cheap flights | edreams.com | #20,377 |
|
Skiplagged | skiplagged.com | #32,253 |
|
Cheap Flights, Airline tickets and Hotels | justfly.com | #38,631 |
|
|
unknown | expedia.co.uk | #39,761 |
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 or get to work with for your 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 travel booking app becomes an integral piece of their every day lives. |
| Control of workload | With a travel booking app, you get 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
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1
Affiliate program
An affiliate program is a way to reward people outside your organization to share your product.
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2
Word of mouth
The most tried and true way to grow a travel booking app is through word of mouth - some entrepreneurs would say it's more important than all social media.
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3
Advertising on social media
Social media advertising is one of the leading ways to get the word out when it comes to travel booking app.
There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.
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