Hospitality App Business

3 Hospitality App Business Success Stories [2024]

Pat Walls

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Updated: October 9th, 2024

Imagine consolidating all your travel and hospitality needs into one intuitive app. This is the core of a hospitality app business.

The concept revolves around an app where users can book accommodations, services, and dining experiences seamlessly. Picture an app that integrates bookings, personalized recommendations, and real-time customer service to enhance the guest experience from start to finish.

With the surge in mobile usage and the demand for frictionless travel experiences, there's a growing market ready for a streamlined solution like this. An app like this won’t just save time; it could redefine travel convenience.

For those looking to enter a dynamic market with a desire to innovate, starting a hospitality app business offers a tangible opportunity. It requires a blend of technology development, strategic partnerships with service providers, and relentless focus on user experience. With the right execution, it can transform how people explore and enjoy their trips.

In this list, you'll find real-world hospitality app business success stories and very profitable examples of starting a hospitality app business that makes money.

1. Third Wave Analytics ($3.96M/year)

Savitra Sharma, the founder of Third Wave Analytics, came up with the idea for her business after witnessing the inefficiencies of technology in laboratories during her previous consulting roles. Realizing the need for a more optimal system, she reached out to Salesforce and proposed a collaboration to bring a new kind of software into the laboratory. With just $200 in capital, Sharma started Third Wave Analytics and built the world's first cloud-based laboratory information management system (LIMS) called Lockbox LIMS, which is now used internationally by organizations in various industries.

How much money it makes: $3.96M/year
How much did it cost to start: $200
How many people on the team: 7

How We Partnered With Salesforce To Develop A $330K/Month Laboratory Information Management SaaS

Third Wave Analytics developed the world's first cloud-based and customizable LIMS platform on Salesforce, generating $330k monthly revenue from clients such as Ohio State University and Boston University School of Medicine while partnering with the University of California-Berkeley for a COVID-19 study; founder Savitra Sharma advises aspiring entrepreneurs to focus on clear objectives to meet their goals.

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2. Let’s Buy an Island ($300K/year)

Marshall Mayer, Gareth Johnson, and Jodie Joyce came up with the idea for Let's Buy an Island after a few drinks and a conversation about owning a private island. They reached out to friends and family, created a website, and convinced over 140 people to invest in their dream. They were able to buy an island in Belize and are now in the process of developing it into a boutique resort.

How much money it makes: $300K/year
How much did it cost to start: $500K
How many people on the team: 7

The First Crowdfunded Private Island: How We Convinced 140 People To Invest In Our Island [Belize]

A group of founding partners have crowdfunded enough money to purchase a private island in Belize, which will soon develop into a boutique resort and is expected to open in 2023, following a successful launch through social media and press releases.

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3. Vibesbnb ($216K/year)

Deontae Mack, the founding partner of Vibesbnb, came up with the idea for his cannabis-friendly lodging service after noticing a lack of communication between hosts and guests regarding cannabis consumption on Airbnb. Seeing an opportunity to cater to the growing cannabis tourism market, Mack and his team created Vibesbnb, which has handled over 5,000 reservations and earns $13,000 to $18,000 in monthly booking revenue from its 160 properties.

How much money it makes: $216K/year
How much did it cost to start: $18K
How many people on the team: 1

How I Went From Property Manager To Starting An $18K/Month 420-Friendly Airbnb

Vibesbnb, a cannabis-friendly lodging service similar to Airbnb, has handled over 5,000 reservations related to cannabis tourism and generates a monthly booking revenue of $13k to $18k, offering a community that eliminates smoking fines, cancellations, and discourages police activity centered around the possession of cannabis, and recommends a framework of policy to host and guest.

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