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Travolic

Travel Metasearch engine

Egypt
Market: Tourism, sport, Other
Stage of the project: Operating business

Date of last change: 14.08.2021
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Idea

Our business model is a flight metasearch website in the MENA region based in Cairo-Egypt, that brings flights prices from various airlines and online travel agencies worldwide, find and compare cheap flights, concurrently working on providing hotels, car rentals, packages, cruises and beyond travel necessitates.

Current Status

We launched our project. We made 3,866 transactions and earned $19,330 gross revenue within 2 months of the platform launch from Nov to Dec 2019 before the COVID 19.
last months 0

Market

We are in Egypt and we are planning expansion into new markets. Dubai , London and the USA are currently being considered, while Travolic will continue to deepen its presence in the Middle East.

Problem or Opportunity

Everyone wants to find cheap flights, but Travolic knows that finding deals takes more than plugging in your dates and clicking “book”. Travolic will help you by revealing the flights' hidden costs and also to have much more transparency around flight pricing, amenities, baggage allowance, delayed flights and other benefits that could save your time and prevent paying extra money. Travolic will make you happy by adding in-flight entertainment system and will help you to choose your seat. If you want to have frequent flyers’ strategies to earn thousands of redeemable rewards with a single, cheap, long-haul fare… It is not that hard! Just visit travolic.com

Solution (product or service)

Travolic is a global travel meta-search engine website that provides online comparison for hundreds of flights, hotels and other travel sources in one platform. We move beyond price comparison to add value through contents and services. We are your guide to the best deal.
We are cutting the price and having much better service and also are focusing on our business product/feature and make it the best.
Our main challenge is the covid-19. We are raising funds to enhance product development, expand sales and marketing efforts, and accelerate user growth with talented team members. With this raise we are aiming to attain the milestone to grow the company over the next 18 months to reach 500K transactions.

Competitors

Skyscanner- Kayak- Momondo and Wego

Advantages or differentiators

First flight search engine in the Middle East and Africa
Worked on letting our users to have a better experience and prices with varieties

Finance

Airline Passenger Numbers was 4.6 billion of 2019 and in 2020 became 1.9 billion (Due to COVID 19 Pandemic). Minimum 30% of them shop online. (1.9 Billion X 30 %) = 570 Million.
570 Million travelers who shop for travel online during 2020. Travolic target market is 16.7 Million (2.9% from the market share).
Average conversion rate is between 3% and 5%
16.7 M X 3% = 500K transactions
Average passengers per transaction is 2
2 passengers’ X 500K transactions = 1 Million passenger
Travolic target market share is 500k/570M = 2.9%
Estimated total revenue from first of June 2021 until 31 May 2022 is 500K X 6 $ = $ 3 Million
$3 Million estimated total revenue in 2022.
Assuming that the COVID Situation pandemic still exists in 2021 until 2022.
We would acquire new customers by advertising the distinct advantages of Travolic over other travel websites and through digital marketing, online marketing campaigns (Google, Social Media, SEO Content Marketing and Marketing Automation).

Business model

Travolic platform is to compare room pricing across different websites, allowing travelers to click onto the airline or OTA site with the best price and complete their booking there. The business model was by:
Advertisements on Travolic site.
A White Label Platform, where a website pays for Travolic widget/search engine to be embedded on their website.
CPAS & CPCs will mostly vary between $5 and $15.

Money will be spent on

We boot-strapped the business at the very start, and that served us well. It allowed us to put a lot of emphasis on refining the product. We are raising funds to enhance product development, expand sales and marketing efforts, and accelerate user growth with talented team members. With this raise we are aiming to attain the milestone to grow the company over the next 18 months to reach 500K transactions

Offer for investor

Equity percentage

Team or Management

Risks

the COVID 19

Incubation/Acceleration programs accomplishment

N/A

Photos

Photo 1 - Travel Metasearch engine

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation