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Research Outline
Prepared for Anna V. | Delivered August 5, 2020
Emerging Online Travel Firms
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Goals
Identify 3 emerging and high level travel firms online with membership business models, excluding large billion dollar firms or corporations, and provide information on their business models, funding, and other qualitative points of interest.
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Early Findings
BeRightBack
London based travel subscription startup
BeRightBack or "BRB"
calls itself a 'new way to travel' and offers annual subscriptions that offer a
surprise trip to a European location three times per year.
The service starts at a
$63 subscription rat
e, and books flights and hotels to one of 60 destinations based on a customer's selected preferences.
The service currently has over
13,000 subscribers.
T
h
e
company was launched through startup accelerator Founders Factory, and has received
£650K funding.
T
h
e
startup partners with mid-grade hotels and airlines
to generate revenue.
T
h
e
company has been featured in the media, being called the 'Netflix of Travel' by the Telegraph and featured on CNBC.
Wanderift
Wanderift is a similar startup
offering air travel subscriptions within the US.
On the platform,
users select a monthly fee
corresponding to a number of tokens which they
u
s
e
to buy one-way flights to a list of
p
r
e
-
s
e
l
e
c
t
e
d
destinations.
Prices start at
$365 per month
which covers three one way flights.
Included flights are through American, Delta, and United, travel to
most major U.S. cities.
The startup has so far raised
$350K in three rounds.
Finalprice
Finalprice
is another emergent subscription travel booking app.
The platform charges
$99 per year
to arrange bookings that offer the best rates on hotels and flights.
The company has already
raised $4 million
, from Almaz Capital,
S
i
s
t
e
m
a
VC and several other private investors.
T
h
e
startup differentiates itself through its claims that
its AI based system
will offer the best prices and align with a person's personal preferences and travel history.
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