Here's a step-by-step guide to building a travel experiences marketplace that rivals Viator or Airbnb. Use Shipturtle's multivendor solutions to manage listings and more!
Here's a step-by-step guide to building a travel experiences marketplace that rivals Viator or Airbnb. Use Shipturtle's multivendor solutions to manage listings and more!
Manav Gupta
Author
Sharad Kabra
Editor
Manav Gupta
Author
Sharad Kabra
Editor
Read on:
For travel entrepreneurs, tour operators, and experience curators looking to launch an online travel experiences marketplace.
Imagine creating a marketplace that connects tourists with everything they need—flights, accommodations, experiences, and transportation—all in one place. An online travel marketplace makes this vision a reality, bridging the gap between service providers and travelers while unlocking significant revenue potential.
Global platforms like Airbnb, Booking.com, and Expedia have transformed how people plan their trips, serving over 500 million users annually. Regional players like GetYourGuide are also making their mark in this space.
The journey starts with understanding who might want to create such a platform and why:
This blog will explore why building a market for travel and experiences is a lucrative idea, what types of marketplaces are best suited for this industry, and how to build a successful platform. It will also discuss the key features, monetization strategies, marketing techniques, and the future trends shaping this dynamic sector.
The growing demand for unique travel experiences has paved the way for building online marketplaces. The global travel and tourism market is currently at $600 billion and only expected to grow.
Travelers are no longer satisfied with generic vacation packages; they crave authentic, personalized journeys. This increasing demand for customized user experiences presents an excellent opportunity for businesses in the travel industry to create value for customers.
Market leaders have set a precedent for niche markets tailored to specific segments of travel and experiences, such as adventure travel, wellness retreats, or cultural immersions. Here are some emerging marketplace ideas to implement:
Now is the right time to launch a travel marketplace that serves the growing needs of experience-driven travelers.
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Here's a breakdown of types of marketplaces in the travel experience niche, along with their key features:
Example: Viator
Example: RVShare
Example: Flytographer
i. Commission-Based: Vendors pay a percentage of each sale to the platform. This model aligns with the marketplace’s success as revenue grows with the number of reservations. It is commonly used by Airbnb and Booking.com.
ii. Subscription Model: Vendors or buyers pay a recurring fee to access the market. This model provides steady revenue and works well for businesses offering ongoing services or access to premium features.
iii. Listing Fees: Vendors pay to list their services on the platform. This encourages vendors to curate their listings carefully. The platform may have only a few participants if the fees are too high.
iv. Featured Product Placements: Vendors can pay for enhanced visibility through sponsored listings or ads. This model is suitable for established vendors looking to boost their presence.
"... I needed a solution to convert my vendors' currency into mine, a feature no other marketplace solution offered... I required automatic synchronization of my vendors' inventory (and product prices) with mine... Shipturtle developed an efficient solution for this …“
Tuomo Juvonen
Sasskistore, Poland
Building a market has its own challenges, especially in the travel and experiences sector. However, these hurdles can be overcome with the right strategies that help in the travel marketplace platform development.
Careful planning and execution are necessary to build a successful marketplace for travel. Here is a comprehensive guide to help you get started:
i. Research & development: Begin with thorough market research to understand your audience, competitors, and customer needs. Identify gaps in the market and tailor your offerings accordingly.
ii. Choosing the right platform: Decide whether to build your market from scratch, use a CMS like WordPress, or utilize plugins like Shopify + Shipturtle. Consider factors like scalability, customization, and cost when choosing your platform.
iii. Vendor onboarding: Attracting the right tour and activity operators is crucial to your market’s success. Offer clear incentives and an easy onboarding process. Ensure that travel suppliers meet quality standards and provide a smooth experience for users.
iv. Designing UX: Focus on creating an intuitive, mobile-friendly interface. The design should reflect travelers unique needs and make it easy for users to search for and book experiences.
v. Testing and launch: Conduct extensive beta testing to gather feedback and identify potential issues. Once the platform is optimized, proceed with the official launch and continue to gather user feedback for improvements.
Get a strategy session that gives you a tailored roadmap, proven insights, and the push to launch fast.
i. Custom coding and integrations are costly.
ii. Building and testing take significant time.
iii. Requires advanced backend systems for scalability.
iv. Needs experienced developers and designers.
v. Ensuring strong security measures and compliance.
vi. Continuous updates and bug fixes are necessary.
vii. Compatibility issues with payment, shipping, and CRM tools.
viiii. Balancing design with functionality for ease of use.
i. Shopify store or any CMS platform
ii. Shipturtle app and its open APIs
That's how simple it is to create a multivendor marketplace or platform with Shipturtle!
Moreover, it is way more cost-effective with pre-built 400+ marketplace workflows and at the same time, flexible to customize based on your unique requirements!
100%
Go live on Shopify in less than 48 hours using our out-of-box multivendor functionalities. Our solution offers 400+ pre-built workflows, including vendor management, product listings, order processing, and payment management. The app is configurable, has no code & boasts 1000+ integrations!
Image: Airbnb Home
Airbnb is a peer-to-peer marketplace that allows hosts to rent their homes or offer unique experiences. It’s one of the most popular platforms in the global travel market.
Key Factors of Success:
Image: Viator Home
Viator, owned by TripAdvisor, is a B2C travel platform specializing in tours, activities, and unique experiences. It connects travelers with tour operators and local guides.
Key Factors of Success:
Image: Expedia Home
Expedia is a B2C platform that offers a wide array of travel services, from flights and hotels to car rentals and vacation experiences.
Key Factors of Success:
Image: GetYourGuide Home
GetYourGuide is a popular online travel company that connects travelers with tours, activities, and attractions worldwide. It meets travelers expectations and focuses heavily on providing exceptional experiences and services.
Key Factors of Success:
Image: Klook Home
Klook is an online travel agency (OTA) and experiences platform primarily catering to Asian markets but with a growing global presence. It offers tours, transportation, and attraction tickets.
Key Factors of Success:
These platforms stand out by offering innovative, easy-to-use features and creating trust among service providers and travelers worldwide. Their ability to adapt to market trends, provide diverse travel experiences, and maintain a focus on customer satisfaction has contributed to their continued success.
It’s time to seize the opportunity, as the travel and experience tourism sector will continue to expand. With proper planning and marketing strategies, your marketplace can become a leader in this space. Whether you're an entrepreneur just starting or looking to grow an existing platform, building a successful travel marketplace is within your reach.
Take a demo to explore our use case to implement your business idea.
1. What are the key components of a successful online travel marketplace platform?
A successful online travel marketplace platform integrates robust vendor management, a user-friendly interface, and secure payment gateways to ensure seamless transactions. It combines an extensive travel inventory, efficient booking systems, and responsive customer support to cater to both vendors and customers. Utilizing modern technology stacks along with strategic digital marketing and SEO practices is essential.
2. How can multi-vendor management enhance an e-commerce travel platform?
Multi-vendor management enables travel marketplaces to offer diverse travel experiences by partnering with multiple service providers, such as tour operators, hotels, and local guides. This model fosters healthy competition and encourages quality improvements, while providing customers with a wide range of options. A centralized system can efficiently manage vendor profiles, commissions, and inventory, ensuring smooth transactions and consistent service quality. Shipturtle can simplify these processes, making it easier for e-commerce store owners to handle complex vendor relationships and deliver a superior customer experience.
3. What current trends should be considered when launching an online travel marketplace?
Today’s digital landscape emphasizes mobile-first design, personalized customer experiences, and the integration of artificial intelligence for better user engagement. Social media marketing, user-generated content, and seamless payment integrations are also trending strategies that boost visibility and customer retention. Additionally, ensuring robust data security and compliance with international regulations has become increasingly important.
4. What best practices should be followed for scaling an online travel marketplace platform?
Scaling an online travel marketplace successfully involves a blend of technology upgrades, strategic partnerships, and effective marketing. Store owners should focus on enhancing site performance, optimizing SEO, and incorporating scalable cloud-based infrastructure to accommodate increasing traffic. Regular data analysis and feedback collection are also vital to understanding user behavior and refining service offerings. Furthermore, expanding the vendor base and investing in automation tools for inventory and order management can significantly streamline operations. Solutions like Shipturtle can play a crucial role in this process by providing scalable multi-vendor management capabilities that help manage growth efficiently.
Get advanced functionalities like C2C, rental booking & scheduling options, along with configurable vendor management, payment features, and more. Install Shipturtle today from the Shopify App Store and enjoy a free trial to experience its benefits firsthand.