|
|
|
|
|
by venkasub
3726 days ago
|
|
From my experience, there are 3 kinds of traveller:
1. People who know where they are going for a stipulated period of time
2. People who know which region they are going to over a long period of time
3. People who have taken a sabbatical or couple of years off or have decided that they are going to be on road for a long period of time. For #1 - hotel and flight deals matter the most
For #2 - they figure out most of the stuff while on the move and do not want to plan much. they pretty much buy to-fro tickets from their base and figure out everything else on the move. Monetizing the idea of 'where should i go' looks pretty tough to me. My pals tried a venture wherein based on the region of interest the website would come up with an itinerary, they couldnt do well and had to fold. Travel industry needs technology and some disruption; it hasn't seen anything 'interesting' other than the known Skyscanner, TripAdvisor, Agoda etc for a long period of time now. |
|
As for monetization: we don't plan to rush this. Once we have our recommendation engine built out and fleshed out, we will build business around it. But to optimize for revenue in the short term would probably be to diminish our chances in the long term. We want to prioritize consumer experience over everything else. And then only once we have that ramped up to a good scale, we could leverage the customer relationship to move down the funnel, closer and closer to the transaction itself.
Having said that, we're exploring multiple paths to monetization. For example, we think that Wanderlust will have an interesting advertising opportunity, with 1) high ARPU, 2) high purchase-intent, and 3) a user still open to suggestions (a bit like Pinterest's opportunity). One other stream we're thinking about is offering hotels an annual/monthly flat-fee to be featured on our platform.