a group airfare marketplace administered by AI
Bacarai is an online marketplace where airlines can use independent AI agents to manage their group travel programs, ditching the call center model of the past. By leveraging developments in AI, the airlines can interact digitally with their passengers, creating a more efficient and seamless experience for all the major stakeholders of the global group travel ecosystem.
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PROBLEM There is no centralized place to buy and sell group airfare. Transactions are done offline, over the phone, or through e-mail forms creating long delays for buyers looking to purchase group airfare. In order to make adjustments to the trip, the buyer needs to call the airline, just like it's 1999. Airlines are forced to carry the cost of large call centers to serve their group travel programs, decreasing the profitability of such programs. Buyers are defined as any entity looking to purchase group travel, which is 10+ flights. Buyers include but are not limited to travel agencies, tour operators, travel managers, church leaders, and individuals.
PROBLEM IN ACTION The current manner in which group airfare is bought and sold creates too many pain points for the passenger requesting and then managing group space. Click to experience the current customer journey
THE BACARAI SOLUTION Create a centralized online marketplace where the buyers of group air travel can request & manage trips by interacting with the AI agents of each airline, publishing all actions to the blockchain via smart contract.
THE BACARAI SOLUTION IN ACTION The online marketplace will provide instant quotes, significantly reducing passenger wait time. Airlines no longer have to waste time and money while tying up resources providing quotes that don t convert. Bacarai.com Submits a request for group air travel The AI agent of each airline provides a quote The prospective passenger compares quotes
PUSHING TECHNOLOGY FORWARD Because we care about improving the overall group travel ecosystem, we ve designed independent AI agents that can perform actions on behalf of airlines, ultimately serving their group passengers more quickly and efficiently. What makes the technology truly special is each AI agent has the ability to infer, learn, and evolve performing its job better over time. This development in technology allows the airlines to create a better passenger experience.
ADDRESSABLE MARKET The global youth travel market accounts for 20% of all international tourism, 190 million international trips per year, and $173 billion annually. Meetings and convention travel are a $30 billion worldwide industry. In 2017, the average convention in the US had over 5,000 attendees. Most of these passengers travel on group or meeting contracts, which means they are subjected to the current, antiquated system. Sourced from Skift, the National Tour Association, and Statista.com
PASSENGER BENEFITS Millions of passengers travel on group contracts each year. Almost every industry utilizes group airfare from student organizations to Fortune 500 companies. Decreased wait time for group quotes Instantly compare options Build booking confidence Save money on group airfare
TRAVEL AGENT BENEFITS Travel agents are passenger advocates, speaking on behalf of and serving the passenger. Provide a better customer service experience for passengers Receive quotes instantly, decreasing passenger wait times Price compare in real time Easily manage contract changes on behalf of passengers
AIRLINE BENEFITS Bacarai allows the airlines to interact directly with their travelers, our web platform is simply the meeting place. This allows all transactions to be recorded in their native systems. The airline industry will be able to severely reduce distribution fees because they interact directly with the buyer, saving hundreds of millions in fees.
ADDITIONAL AIRLINE BENEFITS Developments in AI will allow airlines to focus on interactions instead of transactions, deepening relationships with passengers and earning brand loyalty. improve customer experience decrease labor costs increase profits serve dynamic pricing bid on more group contracts better manage inventory reduce duplicate bookings on multiple airlines
RISKS & DRAWBACKS Bacarai s major drawback is its dependency on airline adoption for the solution to have mass appeal. We are tackling this by designing a system that is feature rich for not only the passenger, but the airline. Bacarai s solution will allow airlines to increase profitability & efficiency; all while creating a better passenger experience for those responsible for organizing and executing group contracts.
Financial Viability BUSINESS MODEL Bacarai will have three primary streams of income $15.99 $5.00 $3,200 travel buyer monthly subscription fee distribution fee per flight purchased AI agent annual licensing fee
ECONOMIC IMPACT 10,000 subscribers who book 1,500 flights each $1.9m $75m $3.2m revenue derived from annual subscriptions revenue derived from the distribution fee per unit of travel purchased Revenue derived from licensing 1,000 bots to travel suppliers 10,000 subscribers represents 10% of the available 100,000 registered travel agents in the US
SCALABILITY Over 280 airlines could join the Bacarai community, all serving millions of passengers. We are also developing a hotel and cruise solution. Like all SaaS applications, Bacarai will be easily scalable.
INVESTMENT Bacarai has signed an MoU with NeurSciences to fund the initial build of the Bacarai platform and operation for 2 million dollars
IMPLEMENTATION OCTOBER 2017 Bacarai s initial market research and platform development begins NOVEMBER 2017 Bacarai signs an MoU with technology partner, providing access to develop independent AI agents that perform actions in the travel space SUMMER 2018 Begin pitching strategic partners to join our project (airlines, hotels, cruise lines, GDS) FALL 2018 Begin programming our AI agents to perform actions on behalf of travel suppliers FEBURARY 2019 Begin touring a demonstration of our initial platform SPRING 2019 Start the on-boarding process of interested travel suppliers. MARCH 2018 Bacarai begins platform feature list and required performable actions SEPTEMBER 2018 Begin building Bacarai s web platform and related API s SUMMER 2019 Launch the full platform, begin acquiring users/ buyers.
THE TEAM Eric Peterson Business Development As founder and CEO of The Air Travel Group, Eric carved a niche in the group travel space by creating INC Magazine s fastest growing company of 2017. Prior to launching The Air Travel Group, Eric spent the early part of his career in the student tourism industry. Kenny Totten Product Design & Branding Kenny led the effort in diversifying The Air Travel Group s product offerings by creating two new divisions in addition to directing the build of ATG Connect, the group air travel management platform in which serves as the early framework for Bacarai. Caitlin Busscher Charlie Northrup Communications Advisor Cait joins the team after seven years with the Walt Disney Company. In addition to 5 years of operations management experience, her two year term as official representative and spokesperson for the Walt Disney World Resort sharpened her communications and public relations skills. Charles Northrup is a serial inventor, author, and member of 10X Venture Partners in Merrimack, NH. After exiting a significant patent portfolio in 2007, Northrup spent the next 10 years working on his patentpending Thing Machine and Graph Machine while refining his vision for NeurBots as machines with robotic consciousness. Bacarai s roots are planted in group travel. The team comes from The Air Travel Group, INC Magazine s fastest growing travel company in 2017 with a growth rate of over 5,300%
WHY NOW? Developments in AI will change the way businesses interact with their customers, making it easier and more efficient to serve customers & build brand loyalty. Unlike the rest of the industry, the group travel sector lacks the technology to operate online. The current process is a nightmare for passengers, airlines, and agents alike. Our technology will propel group travel into the future, making it easier for consumers and suppliers to interact directly with one another in real time eliminating wait times, decreasing costs for airlines, and ultimately enhancing the passenger experience.
Bacarai is more than disruption. It s transformation.
7081 Grand National Drive Orlando, Florida 407-574-4639 info@bacarai.com