The Best Features and Revenue Models for Travel App Development

Are you planning to develop a new travel app that is ready to help passengers and eager travellers? The travel and hospitality industry is looking at a boom in service demand after the recent pandemic years. People are eager to travel and live in different places as standards of living are improved.

When you are creating and floating a travel app with all the necessary features, you are successfully tapping into a 6 trillion-dollar industry globally.

Travel is no longer simply limited to domestic or nearby places, and people are going to international destinations. Therefore, creating a travel app can help you tap into a lot of profits by catering to a large audience worldwide.

Before committing to the travel and hotel booking app development process, remember that the final digital product will be the hero of this project. Therefore, the development process should go on in an informed manner.

The travel app development company should be aware of the travel app features and the cost related to the development process.

The travel app development costs depend on the features of the app and the resources put into the development process. A travel app has all the important actions and information linked with the travelling process.

For example, finding exciting places to visit, important information about those places, finding places to stay at and booking them, and also finding group trips or commuting at the place are some of the actions you can take on the platform.

Planning a trip is a long process, but travel apps aim at making the process very easy and smooth for frequent travellers.

How to Develop a Travel App?

There are steps to the travel app development process. The app development team has to follow these steps in order to create a complete app that is easy to use and beneficial. The steps for creating a travel app are as follows-

1. Market Research and Competitor Research

When you first think about creating an app for travel and hotel accommodation search and booking, you need to study the market and the immediate competitors that you might face.

You need to know the market trends and what the customer really wants to use. Ultimately, the travel and hotel booking app will cater to the audience, so understanding the market and customer psychographic is very important.

Researching about the competitors will help you to a great extent because your company will then know what the competitors are offering and what you can improve upon.

You need to identify the chief competitors and find the edge that they have over you. Competitor research not only helps you with the whole product development process but also with the marketing and sales process.

2. Decide Features

After going through research and market insights, decide on the features that you wish to include in the application.

The features are very important because the features make the whole app usable and are the unique selling points of the app in question. Research the most important features and the new features that you can include in the app architecture.

Choose the features wisely because the application should not be overpacked with features, but it should be useful for the user group.

Choose the basic features that every travel app should have and also choose some new features that no travel app has yet to include in its list.

3. Hire Developers Team

Once you are sure about the new wireframe and the features that you wish to include in the app, you can then contact a travel app development company and discuss the initial idea and model with a good development team. Hire a development team that has all the necessary experience to create a good travel app.

Choose a team that has an extensive client portfolio and can create a good app in a short time. The budget should also be considered here. The amount of money you want to spend on the app-building process is an important consideration to make.

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4. Develop the App

After you have decided on the app development team, the final step is to let the team build the app. The development team should be able to create and follow the app development roadmap.

The development team needs to establish proper communication and coordination channels that are aligned towards the completion of the app structure. The development team should work collectively towards the creation of the app and the completion of the project.

How Does A Travel App Work?

The travel app will function in different ways depending on the sector of hospitality it is launched in. The travel app works by helping people plan their travel itinerary by helping with bookings and accommodations in an unknown place.

Such an app will include features that will help you find the best accommodations and transport options to a certain place. You can search for tickets and other important things related to your travel itinerary

Revenue Models for Travel Apps

1. Metasearch Models for Travel Apps

The tourism software application revenue model is used to book tickets on different platforms and connect with travel agencies.

The application that you aim to develop can help travellers find real-time prices and reviews to compare different hotels and travel agencies for the travel process and destination.

Apps such as Kayak and TripAdvisor are based on the metasearch models for revenue generation.

2. Partnership Revenue Models

There is another revenue model that can be employed for creating apps in the travel sector.

The model is preferred by a lot of travel apps because it can create recurring revenue for the travel app company.

In this model, the app creates a network of hotels, lodges and transport facilities so that the customers can browse and book on the same platform.

The booking app takes a share of commission from the customers as well as the hotels. These apps can also provide you with a lot of information and make sure that you have an itinerary within a budget so that you can travel in peace.

Make My Trip and Guido are such apps that function on the partnership revenue models.

3. P2P Network Model

The peer-to-peer network model is for those mobile app development companies that develop a sharing model by connecting sellers with buyers.

For example, it could be a bus agency connected with travellers who want to travel to a certain place. It could be a hotel booking app that connects guests with nearby hotels and lodges of a location.

Apps like Airbnb, Oyo and Homestay function on this particular model.

4. Subscription-Based Revenue Model

There is also a subscription-based model that can be included in the travel app structure. The subscription-based apps are how most online travel agencies and social media platforms work.

It is a business-to-business finance setup. If you already own a hotel chain or a travel agency, you should go for this revenue model. You can offer the subscription model to people who frequently book rooms with your business.

The subscription model can also be used to book rooms for businesses that have frequent business travellers.

5. Advertising Revenue Models

Advertising revenue models are the ones that function on the basis of cost-per-click campaigns. Any app that shares travel-related information can use this model to create revenue.

The app can include CPC advertisements from different hotels and travel brands to generate revenue from customers who frequently come to the app.

Catalogue ads of different hotels and transport companies generate a lot of responses and can generate revenue with the help of pay-per-click models.

Features Of The Travel Apps

There are some most necessary features that the travel app development company needs to consider when creating the app. For example, the app needs to include app features like login, sign up and authorisation.

The app needs to have different categories of hotels and lodges. The app also needs to have a search bar and filters that can help narrow down the search for viable stay options and hotels for the trip. You also need a simple booking process with all the important buttons like book, compare, confirm, etc.

The app needs to have a page that has all the information related to the different hotels and the reviews that travellers leave behind.

The travel apps that you create should have all the important features to support the processes related to the travelling needs like lodging, transport, food and sightseeing.

People these days wish to sightsee and spend a vacation within a budget without much hassle. A good travel app can complete this for them and help them plan vacations easily with the help of a simple phone.

Frequently Asked Questions

1. What Is The Technology Stack Needed To Develop A Travel App?

The technology stack needed to develop a travel app includes Kotlin and Java, Swift and Objective C etc.

2. What Is The Cost Of Travel App Development?

The travel app development cost can be estimated with the resources, size of the team and time invested in the development project.

3. What Is The Time Taken To Develop A Travel App?

If it is a basic travel app, it will take some 3 to 5 months to develop. However, if the travel app is a little more advanced, it will take 9 months to complete the app.