As more Millennials focus on gaining experiences rather than things, the new app 'Travel Base' helps users to budget and plan their next trip. The platform allows users to determine the average cost of travel for various worldwide destinations. Thus far, the platform boasts over 2.5 million data points from real travelers that help ensure an accurate average is determined.
Travel Base gives users three levels of spending types when searching destinations including 'Budget' which indicates travelers are very cost-effective and tend to sleep in hostels or couch surf, 'Mid-Range' which means travelers are "flashpackers" that sleep in cheap hotels or private hotels, and 'Splurge' which refers to travelers who have an above-average budget who usually sleep in hotels or Airbnbs.
Travel Base is great for new and experienced travelers looking to budget for their next trip.
Budget-Focused Travel Apps
Travel Base Lets You See Average Traveling Cost Worldwide
Trend Themes
1. Experiential Travel - Opportunity for disruptive innovation: Develop a travel app that not only helps users budget but also curates unique and immersive experiences based on their interests.
2. Data-driven Travel Planning - Opportunity for disruptive innovation: Create a platform that collects and analyzes real-time travel data to provide users with accurate cost estimates and travel recommendations.
3. Personalized Budgeting - Opportunity for disruptive innovation: Build an app that uses machine learning algorithms to personalize travel budgets based on the user's income, expenses, and financial goals.
Industry Implications
1. Travel Apps - Opportunity for disruptive innovation: Integrate artificial intelligence and virtual assistant capabilities into travel apps to provide users with personalized recommendations and real-time cost-saving tips.
2. Hospitality - Opportunity for disruptive innovation: Partner with travel apps to offer exclusive deals and discounts to users based on their budget preferences, encouraging them to choose your accommodations.
3. Big Data Analytics - Opportunity for disruptive innovation: Develop a data analysis platform that enables businesses in the travel industry to make data-driven decisions and optimize their offerings based on travel trends and consumer preferences.