Photo - Nomad
24679

Nomad

India
Market: Tourism, sport
Stage of the project: Operating business

Date of last change: 12/25/2017
Min investment
$  100.000
0
Total required
$ 2.000.000
Rating
equalizer 129 из 1000
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Idea

Nomad.Travel is a vacation rentals platform currently serving the state of Goa in India. We have close to 1000 stay options for guests at the moment.

Current Status

Nomad.Travel is currently a fully functional web platform with close to 1000 stay options available for booking.

Market

Tourism industry revenues in India US$ 280.5 billion by 2026.
Shortage of 100,000 rooms at the moment.

Problem or Opportunity

Tourism industry revenues in India US$ 280.5 billion by 2026*

- Shortage of 100,000 hotel rooms in India today+
- Discovery of non-hotel accommodation currently time consuming and cumbersome
- Foreign tourist arrivals to register over eight per cent growth by 2020 which would require reliable last mile services
- Higher disposable income, better bandwidth

Solution (product or service)

Vacation rentals platform.

Competitors

Airbnb.com
Cleartrip.com
Other hotel/accommodation aggregators

Advantages or differentiators

Unique whitespace in the Indian market where lack of self service attitude and limited internet have restricted other entrants such as Airbnb and Flipkey.

Nomad plans to develop a network to service property owners by assisting with listing, booking, cleaning, amenity related services.

Finance

Nomad.Travel earns a revenue on every booking made - net commission of 10 -12%.

Business model

- Hosts: 7% to 10% commission is deducted on every booking made and the rest is paid back to the Host
- Guests are levied a 5% convenience fee to cover payment gateway & support costs
- Effective revenue: 9% to 12%

Money will be spent on

Market expansion, marketing and technology.
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Idea
Current Status
Market
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Solution (product or service)
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Advantages or differentiators
Finance
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Business model
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