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innaway handpicked boutique & Style hotels for midrange traveler

LaunchIT #2 - Innaway

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innaway handpicked boutique & Style hotels for midrange traveler

High commission rateFrom 20% commission and above per bookingOTA undercut the hotel’s own distribution channelBy offering platform discountBad UI & UX ExtranetExcel-sheet-look-alike inventory management system

ProblemsT R A V E L E RH O T E L

Time consuming to book a hotelAll type of hotels together; homestay, budget, economy, to luxury regardless of qualityWYS is not WYGRoom without window, bad internet, etcYour feedback isn’t importantAll you can do is to leave a reviewNo traveler communityYou need to use Tripadvisor, Gogobot

Innaway is the quickest hotel booking platform that preselect the hotels on quality to reduce searching and filtering time for traveler.

Product

- WISIWYG- only quality hotels

- Authentic review system

INNAWAY

- Communication tools between guest & host- Standard improvement facilitated by Innaway

Community generated contents

Hotels

Travelers

- Fair charge models- Good UI & UX inventory management system

Global Annually OTA’s gross hotel booking value

180 billion US$/year

Upper midscale and upscale hotel share

37% or67 billion US$

Vietnam700 millions

TAM

High quality hotel Booking 25% or

17 Bil

SOM20%Or 3.4 bil

Market size

SAM

Competitors

Niche selection of hotel

Hotel SavingOn revenue increase

Mass supply base

* Some may wonder about Airbnb but they’re not our competitor at all. Airbnb is NOT a hotel booking platform, but homes and apartment mostly.

Business

$200 monthly flat chargeplus 5% per booking

Hotel monthly revenue > $2,000

Hotel monthly revenue < $2,00015% Commission

per booking

Model$100 monthly flat charge

or

ProjectionsNumber of hotel Total transaction (US$)Total Room-nights

4,320

18,000

$2,000

160

300

700

302,400

1,440,000

First 6 months

Second 6 months

2nd year

Average room rate

$70

$80

$250

x

x

=

=

Revenue (US$)

45,360

216,000

2,100,000

$2,0001,5003rd year $250 4,500,000

Number of hotel Hotel monthly revenue Minimum charge/hotel Revenue (US$)

* Our aim from the 2nd year will be helping every hotel on the platform making above $2,000 on monthly revenue so we can charge each of them from $200 flat charge plus 5% per booking. For a hint, Agoda has from 1,052 hotels in Hanoi and 1,476 hotels in Ho Chi MInh.

14,000,000

30,000,000

Total transaction (US$)

TeamC.K. Business Founder12 years in hospitality,3rd startupFounder of The Insight Frog, Co-founder of Clickspace

Dung frontend DeveloperSenior Web Developer - Luxstay

GiaUI & UX DesignerElsa Lead Designer

Unofficial AdvisorsDaniel Burka - Design partner - Google ventureMatthew Tran - COO - Boosted BoardChris Collins - 2nd Developer - AirbnbSteve Landman - CEO - Carego InternationalSam Pessin - COO - Remote Year

John Dare Technical FounderBusiness & System AnalystCoded his own HR software, content education management software, etc.

Vuibackend developerSenior Web Developer - Shoppie

LyMarketing & BusinessMA in marketing - Barcelona

GrowthStrategy

Focus on increasing hotel’s revenue, by that increasing the hotel’s budget for running promotion on the platform & voiding pricing competition.Organic cross promotionwith travel & creative blogs, trend leaders and companies.Referral program refer a friend & get discount for both.User generated content blog & review system, For attractions & restaurant from hotel host, guest & Staff.Enhancing User experience & Stay ExperienceBy express check-in, attractions review, panorama room picture; Working with the hotel to increase service standards based on guest’s feedbacks & reviews.

Innaway Researching MVP Global launch

South East Asia launch

Developing

Aug-Nov2016

Jun - Jul2016

Feb - May2016Jan 2016 20182017

Funding

Mid2017

.Focus on boutique hotel.no online payment gateway

. email confirmation.Basic inventory control

.Cross promote

.Area/Global booking API.Online payment with multiple currencies

.real-time booking confirmation.inventory management on backend

.MOBILE APP DEVELOPMENT

Filled Target Key milestones

BetaLaunch

Idea

Roadmap

Don’t stay,experience!INNAWAY