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%
