The modern world has bred as society that changes their mind at a drop of a hat and to accommodate such indecisiveness and impulsiveness, the Shout app was created. The Shout app allows people to sell their spot in a coveted line or their reservation to a hot restaurant if they decide they don't want to commit to the original plan any longer.
Yet what is interesting about the Shout app is the fact that people end up displaying a bit of foresight and patience in order to use it. After all, they were able to get to the front of the line for something while other folks have to rely on paying to get there.
What's Driving This Trend
- Reservation-selling Apps
- Opportunity to disrupt traditional reservations systems in various industries (restaurants, concerts, events, etc.) and offer users flexibility in planning.
- On-demand Marketplaces
- Opportunity to create marketplace platforms that enable users to sell and buy reservations for various events and activities in real-time.
- Sharing Economy
- Opportunity to tap into the sharing economy model by allowing users to share/rent out their reservations or queue spots for a price on a peer-to-peer platform.
Who This Affects Most
- Hospitality Industry
- Opportunity to innovate by disrupting traditional reservations systems and offer users more flexibility in booking and attending events, restaurants, and other experiences.
- Event Planning & Ticketing Industry
- Opportunity to create a new market for individuals to sell unwanted reservations and tickets to events in real-time.
- Technology Industry
- Opportunity to create new on-demand marketplaces and sharing economy platforms to disrupt traditional industries and provide added flexibility to consumers.
