TLabs Showcase on travel startups featuring Russia-based BookMyBest, a new hotel price comparison service targeting the US and Europe.
Who and what are you (including personnel and backgrounds)?
We are a team of three people – two of us are developers and one manager. We work on custom website development as well on our own projects.
Last year we focused on the travel industry and are working on BookMyBest, a hotel price comparison service.
What financial support did you have to launch the business?
We are currently using our own savings to launch the business and hope to get investments at the end of the year.
What problem are you trying to solve?
We solve the problem all travellers meet – we help people to book the hotels for the best price available online with just a few clicks.
Moreover we provide our users with all the information required to properly choose a hotel.
Describe the business, core products and services?
We are a web-business and our main service is hotel search and price comparison.
Who are your key customers and users at launch?
We are targeting the US and Europe. The travel industry is big enough and any traveller in the world is our potential customer.
Did you have customers validate your idea before investors?
Not applicable. No investors as yet.
What is the business AND revenue model, strategy for profitability?
Our service is free for use – we get paid by hotel booking website as an affiliate.
SWOT analysis – strengths, weaknesses, opportunities and threats?
Strengths:
- Many providers, good interface, worldwide coverage.
Weaknesses:
- Available only in English and Russian for now.
Opportunities:
- To attract investment to improve the service.
Threats:
Who advised you your idea isn't going to be successful and why didn't you listen to them?Nobody. Really nobody.
What is your success metric 12 months from now?
We are going to achieve 200,000 daily visitors within a year.
NB: TLabs Showcase is part of the wider TLabs project from Tnooz.