THE MODEL: A
platform for users to find and book local experiences in a place offered by
locals themselves. A traveler can browse through the different experiences
offered in any travel destination and make a booking online itself.
STARTUP: VeryLocal Trip (Singapore startup)
WHAT I LIKE
Core Idea – Connecting
travelers to locals ensures that the former get a very different and authentic
experience while the latter are able to make some money.
Business Model –
The service is totally free for travelers. All they need to pay is for the
experience they wish to book. The startup shares the revenue with the local
(80%). Locals do not have to pay any amount for listing experiences on the
platform.
Scalable – The model
is one which can be scaled globally.
CONCERNS
Safety – Ensuring traveler safety will be a concern
for the startup. Bad experiences can create a bad image which can force some
travelers to rethink about using this service.
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