Nov 28, 2018 (PR.com via COMTEX) -- Los Angeles, CA, November 28, 2018 --( PR.com)-- TiECON Southwest 2018 is TiE Souther...
People are paying way too much for airline tickets
Traditional travel booking is time consuming, anxiety provoking, and unpredictable with forever-changing prices.
Many travelers book on the go. More than 60% of US travelers state they will book a last minute trip on impulse and for a good deal. But these last-minute travelers are often paying an average of 33% more for their tickets. This is $60B problem.
A radical new way to book low-cost travel
We’ve built the first subscription service for commercial airlines. For a monthly fee, our members get access to low, flat-rate prices on air travel.
Our algorithms predict the travel patterns of our members, and takes into account historic and future predictions to get you the best seat at a low price that doesn’t change.
Booking with SkyHi is simple
Pay a $199 monthly fee to become a member.
Then, members can:
Pick a travel destination, and pay just $35, $75, or $120 depending on distance.
Claim a seat and get a fully serviceable ticket in under a minute
Book and manage the confirmation, all within the app
Flying to 93+ cities and 150+ airports
SkyHi has cleared several travel industry hurdles to bring our service to over 150 airports across North America and Europe. We’ve successfully received the legal clearance required to book and issue tickets, along with technical clearance to work with distribution channels.
We also have direct partnerships with airlines, and will continue to secure more of these relationships in the future
Through our partnerships and brand ambassadors, we'll reach an audience of 20M+ people this year alone.
Some of our partners include:
We're being talked about
Our customers love the convenience
Prices never fluctuate, they don’t waste time on booking sites, and booking is just one tap.
Our current customers range from their early twenties to retirees. In particular, we reach young professionals who need to fly 2 times or more a month.
Airlines love us because we can provide valuable insights on consumer behavior from exploration to booking, allowing us to forecast demand.
A goal of $200 million in revenue by 2023
We have consistent monthly subscription revenue, as well as additional revenue from airline booking fees. At our current rate, we expect our annual growth to be 500% by the end of 2020, with a total of $3M+ revenue. Our goal is to increase this to $200M in revenue by 2023.
We also plan to roll out new booking services, such as hotels and other travel amenities.
Addressing an $871B+ market
Our target market consists mainly of young professionals and millennials - those who need to book flights regularly on short notice and those who would prefer to spend their money traveling. We are reaching this market by partnering with social media influencers and by developing partnerships with travel-related communities and media sites. In total, the market for airline travel is $871B+ in flights booked, and our segment of the market combines both immediate ticket booking with secure and reliable air travel.
SkyHi is the faster, easier booking option
Unlike other companies, SkyHi delivers across the market by offering fixed prices and a large number of choices on our easy-to-use booking platform. While there are other flight booking platforms that can get you places, SkyHi is the only one that offers a variety of different routes all at a fixed price, without the worry of any additional fees.
SkyHi has big plans for the next three years
With a fundraising goal of $2M, we hope to grow our team, improve our search algorithms, and expand our routes to Asia and South America. Currently, we’ve raised $1.125M+ from investors in the airline industry and through our participation in Techstars.
Raised $1.125M+ to date
We've raised from investors in the airline industry and through our participation in Techstars.