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Unique App Concepts with Billion-Dollar Potential for Entrepreneurs & Startups

The mobile app sector is in a state of amazing growth, with millions of users actively engaging with apps every day. According to Statista, the global revenue from mobile apps is projected to reach an impressive $935.2 billion by 2023, a significant leap from the $581.9 billion recorded in 2020. This phenomenal growth signifies a substantial opportunity for entrepreneurs and startups to develop innovative apps that can address problems, entertain, or enrich users' lives. However, in this potential, what are some groundbreaking app concepts that could potentially transform into billion-dollar enterprises in the future? Let's explore some of these exciting ideas that entrepreneurs and startups should definitely consider: Immersive AR-guided Exploration App Augmented Reality (AR) technology, which overlays digital elements into the real world, has numerous applications across education, gaming, entertainment, and tourism. There will be 1.73 Billion mobile augmented reality (AR) ac

How have mobile apps solved traditional travel industry problems?

The travel industry is a thriving industry making itself the world's largest and fastest-growing sector worldwide. Due to the improved living standards and digital inclusion, the traditional travel industry has experienced a revitalized up-gradation. Since, the commencement of smartphones and applications, the travel industry has leveraged a plethora of benefits. With a diverse range of mobile apps helping travelers book hotels & cabs, easy payment solutions, and cancellation, people are sailing their vacations to several traveling locations spending more on traveling expenses & eliminating the past-facing hurdles in traveling activities.

Talking about the worth of travel & tourism industry:

The global tourism industry has contributed $4.67 trillion till now. Around 415 million tourists have arrived at several tourist destinations worldwide, where they spend $2.37 Trillion in leisure activities (Statista).

Hassles that the traditional travel industry has experienced:

We have come up so far from the traditional traveling industry. But, it is worth understanding what the traditional travel industry used to be before the advent of mobile apps. Let us look over the travel industry's problems before everything transformed into and over mobile apps.

     No instant online booking, payments, and refunds: Books in the traditional traveling industry were not instant since users had to either mail, call or approach the agencies. The payment methods involved more physical money acceptance, and the scenario of refunds took a long time to reach back to its source.

     Unavailability of travel agencies on the online platforms: Currently, there are 73,249 travel agencies in the USA, and not all of them are online, making it tough for the customers to choose travel agencies from online platforms. Back then, only a few companies were hooked to online platforms, and it was not easy to fetch out contact details of the travel agencies.

     Non-flexible travel planning: Travelers like to plan their trips before they actually sail on them. Due to the unavailability of the travel apps assisting them in planning, they have to make more efforts to plan their trip. Either they would discuss with someone who has been to the traveling locations or explore it by themselves.

     Not able to extend stays without proper physical process: Sometimes, travelers have to extend their stays. They again have to make contacts through emails or phone calls to increase their stay time, making it inconvenient for them from remote places.

     No virtual experience before physically exploring destinations: Without proper technologies, travelers were not able to enjoy their preferred destination in advance prior to physically exploring it.

     Dependency on taxi drivers without knowing the new routes: Before the inclusion of travel apps, travelers had to face problems when traveling new routes. Without proper assistance, they had to trust taxi drivers who were strangers to them. No online cab bookings apps like uber and ola were available, and google maps were also not mature enough.

     Lack of instant and convenient communication: For every communication, travelers have to come in touch with their travel agencies through emails or phone calls, making it complex customer support from agencies.

But, the advent of mobile apps solved travel industry problems. Look at how travel apps have changed the above problems.

How have mobile apps solved travel industry problems?

With the most powerful device in hand, people can make their own travel arrangements portable through user-friendly & feature-loaded mobile apps.

     Online travel agencies: When travel agencies register themselves to travel & tourism mobile apps, they are always available in the user's pockets. With a few taps, users can approach travel agencies and fetch complete details about it.

     Fast remote bookings: With the integration of payment gateways in mobile apps, users can book hotels and make payments instantly with instant refunds in case they cancel the bookings. Travelers can also increase their stays just by a few taps on their smartphones, making it highly convenient for them to enjoy their trips.

     Flexible travel planning: Mobile apps can assist travelers in planning their trips. Users can type their destination and fetch an estimated budget for a trip without actually physically exploring the trip.

     Immersing in the travel world without physically exploring it: With the metaverse technologies like VR and AR, users can remotely experience the feel of destinations. Travelers can explore their preferred place virtually before exploring it in reality to make better traveling decisions.

     All the routes in the pocket: Apps like google maps make it possible to provide information about every route in the world. Travelers don't have to rely on taxi drivers or locales to know the routes. They can book taxis and monitor the route it takes towards their destination.

     24X5 instant customer support: Through mobile apps, travel agencies can provide 24x7 customer support to travelers, and they can fire their query, and a specialist can instantly solve it remotely without involving any telephonic calls or emailing.

Verdict

The travel industry faces a number of issues when we compare it to the digitized world. Since mobile apps are user-friendly and are always available to the users, they increase convenience and flexibility for the traveler. Quick bookings, payments, refunds, travel plannings, and customer support are a few solutions that mobile apps provide to the travel industry. So, why wait? Approach travel app development agencies and contribute to solving the travel industry problems.

Blog Source: How travel app development will solve the industry’s issues in 2022? 

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