The document provides a marketing plan for a new travel accommodation application called "Explore". It aims to make travel within India more affordable and convenient by integrating multiple accommodation options onto a single platform. The application will allow individuals to list available rooms and spaces to rent out to travelers, creating a marketplace to match guests with hosts. The plan outlines strategies to develop and launch the application, promote it among college-aged travelers, and eventually expand availability to 100 major cities within a year.
2. Executive summary
The App was ideated to make stay during travel within India
affordable and easy
There exists a lot of places for accommodation in India but an
App which can integrate everything and make it easy is
missing
Some Apps provide service which are restricted to a very few
cities but there is scope for a lot more in India
3. Executive summary
It is just a platform for buyer-seller interaction
The App appeals mainly to the young age groups who travel
in groups and look out for cheap accommodation
Anyone who can provide any amount of space to the tourists
can become a host in the App
With hotels becoming costlier with time, people are on the
look out for cheaper options and this App will prove to be the
perfect place to find one
6. Situation analysis
Marketing is essential for the App to be successful and
occupy a major market share in India in this field
The App has to reach out to as many people as possible
particularly the young age group
A feedback from the general public will help in framing the
strategy and in deciding the user-interface of the App
7. Situation analysis
Market needs
Travel will become much easier if accommodation is taken
care of without any fuss
A wide range of accommodation options will be made
available to the user and he can confirm spontaneously
8. Situation analysis
Market review
There are no dominant Apps in India which provides this
service apart from Airbnb which covers only a very few cities
The size and population of India offers a lot of opportunities
for this service to expand to a lot of cities in India
9. Situation analysis
The user interface has to be decided based on public
feedback which has to be obtained through online
networking sites such as Facebook
The pricing will be competitive to the other apps as none of
them occupy a major share in India and thus don’t have an
edge
There will be significant incentives to start using the App and
also to promote the App to friends
10. Situation analysis
Critical issues
Publicizing about the App and reaching out to the target
customer segments will be a difficult task
Attracting hosts for the App who can rent rooms/apartments
will also be difficult and they have to understand what the
App offers for them
11. Goal
The goal of the company is to not only work towards a
particular number of completed trips in a given duration but
also to work towards making the trips meaningful
The App should become a community whose backbone will
be the reviews and suggestions which the users share
The App should be established successfully at around 100
major cities in India within the first year and the number of
successful trips should reach a million in the first year
12. Strategy
Customers
The primary customers will be the young age-group people
who are in colleges and bachelors and the secondary
customers will be families. The offering will be positioned as
an affordable stay at a convenient place.
The App will be out in Android play store and the primary
mode of reaching out to people will be through Facebook
since the investment is restricted.
13. Strategy
Competitors
One of the major competitors in this field include Airbnb but
they are limited to a very few cities in India which should give
us an edge but at the same time we should get a brand equity
as good as them or even better than them.
The offering is being positioned as an affordable stay at
convenient places and there will be a wide variety of hosts
who can cater to the needs of all people irrespective of
demographics.
14. Tactics
Anyone can download the App for free and start using it.
The name of the App will be “Explore” with the slogan being
“Explore economically”!
Everyone can make three transactions including both hosts
and buyers for free. From then, each transaction will have a
fee of 5% of the transaction which is priced competitively.
For each referral by a person made to his friends and a
transaction made by the friend for the first time, INR 25 will
be added to the balance.
15. Implementation
The company will have a team for Development of App and
Testing, one for Marketing and one for Innovations which will
be made based on feedback of the customers.
Two months will be allotted for development and testing of
the App after which it will be out in the Google Play store.
The Marketing team will start their work simultaneously and
the Innovations team will start ideating as soon as the App is
out.
16. Disclaimer
Created by Arun M, IIT Madras, during a marketing internship
with Prof. Sameer Mathur, IIM Lucknow.