TraSync is an online booking engine for travel agencies in Nepal that allows customers to book flights, hotels, and transportation directly from travel agency websites. Currently, most travel agency websites only allow inquiries to be submitted, which are then processed manually. This leads to less than 20% of websites generating tourists, with an average of 15 hours needed to process each inquiry. TraSync aims to automate this process, allowing 100% guaranteed services to customers and reducing processing times to zero. The system will first focus on flight bookings before expanding to include hotel and transportation services. TraSync expects to generate $8 million in revenue in its first year after launching the full platform.
2. Introduction
TraSync is the online booking Engine for Travel Business of Nepal
TraSync automate your online travel business. It provide the system for flight booking, hotel reservation and
transportation which can be easily integrate in the websites of Travel Business Companies. So any visitor can buy
your service directly from your site..
3. Problem
All the website of travel agencies and hotels have enquiry based booking form, which works on manual way, so this
cause :
Less than 20% of
websites are able to bring
tourists.
Average time of making
deal is 15 hours for each
tourist enquiry
No Guarantee of service
This is the problem of 2500 travel agencies, 600 tourist hotels and more than 100 of travel activities companies of Nepal
4. Solutions
We have built the online booking engine, which can be API, Widget, iframe that helps every company to automate
their service so:
This is useful for the Travel Agencies, Hotels, Trekking Communities, Travel Portals, in destination Products and Service, Tour
Activities, and any other travel business.
100%
guarantee
service for
end users
Average time
will reduce to
zero
every website
will functional
to bring tourist
5. Current Solutions
There is not reliable solution till now
.
Enquiry Based system:
Works Offline.
Hosted on other platform
like Booking.com,
Agoda.com
6. Market
We are getting 20% market penetration, so Average Addressable Market Reach is : 640
Addressable Market : 20% online market will be addressable for first year : 86,400,000
Total Market = (Avg Stay Time * Avg Hotel Spending + Avg Transportation Expense) * Tourist in Nepal
Tourist Hotels : 600 App, Portal and other:100Travel and Tour Websites : 2500
Tourist in Nepal Avg Stay Time Avg Hotel Spending Avg Transport Expense Total Market
800000 12 Days $20 $ 300 432000000
7. Business Model
This is B2B model, We don't charge on using our system but we charge on each transaction.
If we are charging 2% on each sell : 1,728,000
Installation cost : 640 x 10000 = 6,400,000
Total Revenue : 1,728,000 + 6,400,000 = 8,128,000
8 Million USD Revenue in first year after complete phase
We are supporting Business, We charge 10,000 for installation which include the cost of SSL also.
They get profit of 9% in minimum
8. Timeline
Complete First Level
System Development
April
May
Integrating on first
level market with flight
service only
First Level market covers : [Kathmandu[5] – Pokhara[3] – Sauraha[2] – Lumbini[2] ]
Complete Second Level
System Development
August
Publicly Available for
everyone
First Level System : Flight Service
Second Level System: Flights + Hotel Service
September
9. Team
Founding Team
- Keshav Pandey
Established and Recognised Travel Personal, more than 10 years of Experience. Chairman of FCI Group. Vice
President of TAAN
- Prakash Neupane
Emerging Young Business Leader with technological expertise, Co-Founder of Nepflights, Working experience in
National and International level on technology and community development. Ambassador of OneYoungWorld
- Niroj Ed
Core Development Expert, having experience of working in different company in different level. He was the Developer
Lead of Nepflights.
Advisors
Ganesh shah : Former Minister of Science Technology and Environment
Rajendra Pandey : Former Press Coordinator at Office of Prime Minister and Council of Minister