tripmakery is the only online booking platform in the world that is primarily aimed at groups. Since it is not possible to book a hotel for more than 10 people on existing websites like “booking.com” or “Expedia”, tripmakery focuses on this lucrative niche.
With unique process automation and a strong technology background, tripmakery is the first website that can scale hotel bookings for groups. With its more than 65,000 partner hotels in Europe, tripmakery handles more than 7,000 group requests per month from school groups, companies, clubs, friends and families. This generates more than €1.2 million GMV per month with a gross margin of around 80%! In the future, tripmakery wants to make group bookings as easy as individual bookings and become the standard for group bookings.
tripmakery is the only platform in the world that offers real-time group booking. With the unique API developed over the last years, tripmakery has gained a lead of at least three years over any potential competitor. More and more hotels want to use the innovative API to automate their group processes, making tripmakery the global leader in the digitization of group travel.
tripmakery gets 10% commission per booking from the hotels. For customers the platform is free of charge. Average booking is with 25 people for 2 nights, the basket is 4.000€ so 400€ net revenue. Gross margin is around 80%. Customer Acquisition Costs (CAC) are around 80€.
Group bookings are the last major untapped market segment in the online travel industry. Group travel accounts for about 10% of the total travel market, nearly $140 billion worldwide. In Europe alone, there are more than 10 million group tours per year, all organized manually.
Potential buyers could be other online travel agencies looking to add group booking to their business. B2B travel agencies that want to better serve their customers or travel technology providers that want to implement and use tripmakery’s group booking technology.
Founder
Founder
Head of IT
Head of Operations and Customer Service
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Dr. Andreas Boué
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