"See the world: It's more fantastic than any dream." (Bradbury once said). Indeed, seeing the world has always been a demand and tourism has alway been a worthy area to invest in.
However, tourist behaviors have changed recently. And the question is: How travel company should adjust their business strategies to catch the trend?
Beside changing in customer behaviors and market trends, we have pointed out some including:
- Social distancing, limiting contact due to COVID-19.
- Imbalance of online travel agent market share in VN, dominated by foreign OTAs.
- Inconvenience in booking services due to separated services supplied by different OTAs.
- Big data resources for tourism have not been exploited in Vienam.
- To solve the problems mentioned above, our solution is to create a smart tourism app. This app has 3 functions: T PASS, T CAR and T GUIDE
By integrating 3 functions in an app, we will create the first Travel Ecosystem platform in Vietnam.
This diagram shows the framework of the Ecosystem:
Our Ecosystem supply all necsessitives for self service traveler
1. T-PASS supply One stop booking online platform for all travel service booking with key weapon is e-ticket for self check in.
2. T-CAR supply private rental car and motorbike service with smart key.
3. T-GUIDE Supply travel guidance all day with multi-channel and multi-language based on AR technology.
With this self-service traveler ecosystem, our customers will find it easy to design and enjoy their journey thank to mobile booking, mobile payment and seif-discovery journey.
In turn, we will earn profit from services, coupon, ticket, sale and advertising. Apart from visible profit, information that emerges from our self-service traveler ecosystem will become big data for R&D activities.
Our Smartourism aims to Generation Y due to their acumen in technology and numerous in quantity. The gen that accounts for 32% of the world population (18 - 38 years old)
Up to now, we have finished T PASS The platform is available on TGROUP website and starts to make profit. In fact, right after putting Into operation, T PASS made a revenue of 4 billion VND in just 4 months, with profit accounts for 15% of that figure.
As for T CAR, we finished business plan 3 years ago. At that time, the project called V-car. Unfortunately, it failed due to deploying too soon to match Vietnamese habits, lifestyle... (However, it is golden time to restart th project again as Vietnamese has started to have the habit of using self-driving rental car. T CAR has motorbikes as an alternative option.)
As for T GUIDE, we have signed an MOU with Unique Ux, company in Korea. They promise to provide technology for TGROUP and support our company in developping.
So, we have all three components of the Self- service traveler Ecosystem and the next step is to create an app that integrates the three components in one platform. This is the reason why we join Techfest to raise a bridge round for creating the app.
We have confident that our business plan is feasible as our team has adequate knowledge and experience in tourism and IT.
Getting budget is meaningful to us. However, the most important to join Techfest is to get a chance to contact with inrestors.
