Business model online travel agency
Tripbox wants to show life remains in the online travel agency model
TLabs Showcase on travel startups featuring UK-based, a online travel agency focusing on low-cost hotels, travel ancillaries and flights.
Who and what are you (including personnel and backgrounds)?
Tripbox was born out of the need to provide cheap holidays for friends and family. Tripbox has since evolved into a fully fledged online travel agency, selling holidays to the wider public whilst adhering to its low cost ethos.
It was founded by Savio Fernandes, a travel enthusiast with experience in software development and design.
What financial support did you have to launch the business?
Tripbox has been bootstrapped up to this point; however, we do have some exciting ideas that need developing which may require us to raise capital in the future.
What problem are you trying to solve?
Searching for a holiday on the web can be a stressful experience, not helped by the gaudy colour schemes and deals and advertisements that usually clutter travel websites.
So, we wanted to develop a website where the holiday search experience would be enjoyable with the information always displayed in a comprehensible manner.
Describe the business, core products and services?
Tripbox sells low-cost hotels, travel ancillaries and flights to a wide array of destinations. The website is plugged into most major bed banks and ancillary suppliers offering great choice to customers.
Who are your key customers and users at launch?
Our key customers are couples and families mostly interested in beach holidays. Our main age demographic is 18 – 40 years old.
Did you have customers validate your idea before investors?
Customers have commended Tripbox for its fresh look and straight forward booking process.
What is the business AND revenue model, strategy for profitability?
Tripbox is solely reliant on online bookings and does not take bookings over the phone. This results in low running costs and helps us sell holidays at a cheaper price.