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Sep 28, 2015 8:31 EST

GoBananas Travel: We have solved the group travel problem, we make herding cats possible

iCrowdNewswire - Sep 28, 2015

GoBananas Travel

 

We have solved the group travel problem, we make herding cats possible.

GoBananas has developed a dedicated group travel and activity platform. The platform enables groups to invite and organise their group with ability to vote on preferred dates, locations, activities then the ability to book online, pay individually and organise an itinerary from end-to-end. The platform combines group management tools with a marketplace of diverse travel products. Nobody has solved the problem of planning and coordinating travel for groups. We have!

 

 

  • THE IDEA

    Products & Services

    We have developed a dedicated group travel and activity platform. The platform enables groups to invite and organise their group with ability to vote on preferred dates, locations, activities then the ability to book online, pay individually and organise an itinerary from end-to-end. The platform combines group management tools with a marketplace of diverse travel products.

    Problem Solved

    Nobody has solved the problem of planning and coordinating travel for groups. Most companies have focused on solving the problem of finding and booking travel products for individuals or families. We solve the real problem: how to organise and manage a group in the real world that wants to do something together. Our platform supports discovery, decision-making, group messaging, supply-chain automation, rates management and payments.

    Revenue Model

    Our revenue model combines commission based sales as well as net-rates where we buy at a set rate and resell (sometimes at 100% profit). In future we anticipate advertising and slotting fees whereby suppliers pay for better product placement or where we advertise products to our groups. In the longer term, we have identified SaaS revenues and subscriptions. The important part of the the model is that all our revenues are realised before costs so we enjoy strong flow and risk amelioration.

    Exit Strategy

    Groups have become an increasingly important facet of social networking companies . At present those “groups” exist in a virtual world, our tools and systems enable groups to plan and engage in the real world. GoBananas combines social tools with real world events & could become the ideal target for internet travel companies looking to expand beyond hotels & flights.
    Companies such as Facebook are continuously looking for opportunities to growth their business. Their purchase of WhatsApp for $19 billion and Instagram for $1 billion being good examples. We are aiming to grow the company to be the dominant position in the group-travel market & be the ideal target for a strategic acquisition.

 

Website

Location

BLAIRGOWRIE
 
 

 

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