Venture Concept No. 1

Opportunity: Every year, millions of tourists travel from all over the world to the City of Orlando to visit its world-class attractions and experiences. Although most tourists travel from within the United States, there is an increasing amount of tourist from international countries, especially Brazil and Argentina. Most visitors come to Orlando as part of a convention group or with their families. When someone has decided to go to Orlando, they usually have a hotel reservation, flight booking, and a rental car prepared months in advance. Once they actually get to Orlando, they have to decide and plan what they are going to do with their precious time. In Central Florida alone, there are over 45 attractions to choose from and most of them are not well-known outside the state of Florida. There is currently no way to easily plan which attractions will be visited and also no way of knowing which attractions will be entertaining for everyone traveling together.

Orlando has been continuously expanding over the past decade in both residential and commercial zones, which has brought increasing amounts of people and new businesses to the city. This upward growth has ultimately led to an increase in the tourism industry which makes it harder for tourists to make the best of their time. Currently, tourists are relying on their own knowledge to plan their vacations. This leads to people who are not able to make the most of their time and who come to Orlando to visit only the major theme parks that are known across the nation. This window of opportunity will always exist because Orlando will always rely on tourism as its main industry.

Innovation: The innovation that will be at the backbone of this new venture will essentially be a new “vacation planning” software that can be accessed through a mobile application or website. Users will first create an account so all their information can be saved and accessed from any device. After creating this account, every person in the family or group will take personality/interest quiz. This quiz will be composed of questions that ask of the preferences of each user based on scales from one to ten. Using this information, the website will notify the users which experiences/ attractions will best suit everyone in the family and how much time they should spend there. A specific calendar will be displayed for the days of the vacation and users can drag the attraction onto the day they wish to go there. The calendar will automatically calculate how long the user will be there for and how long it will take to get to travel to the next location afterwards. Users will then be able to purchase all of their tickets together online. This will not only save them money, but also time by keeping away those pesky will call lines and allowing tickets to be printed at home or saved to their smartphones.

Revenue will mainly be made through two services. Most of the revenue will come from advertisements on the website. Every advertisement displayed on the site will be limited to attractions and experiences in the vacation city. This means that users will only be seeing relevant options instead of their most recent amazon search while they are planning their vacations. A smaller portion of revenue will come from a small convenience fee added to every online purchase.

Venture Concept: This innovation will specifically be designed and customized for the city of Orlando and will be called “Experience Orlando”. This website will allow guests to plan out every attraction they want to visit while knowing that everyone in the group will enjoy the entire vacation. Nothing like this has ever been created before, therefore, customers will not have to switch to this service, but they will need to log on for the first time.