✈️ Keep an eye on the travel industry

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• ✈️ Travel set to boom

• 😂 Meme of the day

LADIES AND GENTLEMEN, GET READY FOR TAKEOFF

Travel is back! And don't take it from me. Just a quick look at the TSA checkpoint numbers will show it.

After being cooped up for what felt like a millennium, this past year people have made up for the lost time and the numbers are very telling.

Travel and tourism is a big industry and 2022 revenues are up 45% vs 2021. To be expected - not as many people were traveling in 2021.

What's not expected though is the 20% growth we're expected to see in the new year.

Estimates are saying travel will surpass the 2019 all-time-high of $776B and grow to over $850B.

"Flights" on google is showing the same story:

Source: Google Trends

This means one thing: travel is back and better than ever. With this almost being a trillion dollar industry there's a lot of money to be made. Just .001% of that would be $10M.

HERE ARE TWO OPPORTUNITIES TO PROFIT FROM THIS TREND:

1. Make carrying multiple bags through airports obsolete

What sucks almost as bad as a 4 hour layover at the airport? Having to lug around two 50 lb suitcases.

r/onebag - a subreddit about the art of minimalist travel is exploding with over 500k members 👀

Source: Subreddit Stats

This is a clear pain point. People don’t want the hassle of hauling around heavy travel bags.

Provide a service that has all the belongings a traveler would need waiting for them at their Airbnb or hotel.

A real-life use caseYou’re taking a trip to Colorado and don’t want to pack boots, gloves, hats, coats, and skis. All things that take up a considerable amount of room.

Instead, allow a traveler to have those items waiting at their destination upon arrival.

A renting business model would work well. The snow skis cost $15/day, the boots $5/day, and so on.

This would be a sizable service business and I could even see it being bought out and integrated with Airbnb rentals or hotel packages.

2. Make traveling with kids easier

Traveling with kids can be a nightmare! It requires tons of extra baggage, and don't even get me started on strollers.

Help parents have a better travel experience by renting out strollers, car seats, and other baby essentials when traveling!

BabyQuip, a company that does just this pitched the idea on Shark Tank and although it got no offers on the show, they later raised $8.5 million.

And their app now has more than 1,000 downloads on the Google Play Store.

How does the service work? Imagine you need a stroller for your Disney trip across the country and you don’t want to carry 100 pounds of baby gear.

Instead you:

• Enter your destination and travel dates

• Select the baby gear you want to rent

• And it gets delivered to your destination

You can do the same thing and dominate a certain area or niche down and perfect one essential item. Say cribs, babies need somewhere to sleep on vacation.

A real-life use case:You have a grandma who lives 1000 miles away from their grandkids, who only come to visit 1-2 times a year, you don't need to pay full price for a crib that would only be used a few times a year.

Instead, rent out a crib for the weekend trip, saving yourself money and still giving grandma and the grandkids an amazing experience.

I could even see this type of company partnering with hotels and airbnbs who want to provide more baby-friendly accommodations to families.

You don’t have to buy any of the baby equipment yourself either!

Create a marketplace where you connect people who want to rent out their stuff with people who need it and make a profit by charging a "marketplace fee" or by charging a fee to list products for rent on your marketplace.

MEME OF THE DAY

So true 😂😂

That's all I got for ya today folks!!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.