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Business Model Canvas of Travelport Locomote

   

Added on  2023-01-13

13 Pages2656 Words79 Views
Running head: BUSINESS MODEL CANVAS OF TRAVELPORT LOCOMOTE
BUSINESS MODEL CANVAS OF TRAVELPORT LOCOMOTE
Name of the Student
Name of the University
Author Note
Business Model Canvas of Travelport Locomote_1
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BUSINESS MODEL CANVAS OF TRAVELPORT LOCOMOTE
Executive Summary
The report is related to the analysis of the business model canvas of an organization named
Travelport Locomote. The organization operates in the travel based service providing
industry of Australia. The main aim of operations of Travelport Locomote is based on the
customised travel based services that can be offered to the corporate travellers. The business
model canvas of Travelport Locomote have been divided into the nine building blocks that
are based on nine major aspects of the business. The analysis is mainly based on the ways by
which the building blocks are interrelated with each other and have been able to support the
organizational operations. The risks that are related to operations of the business have also
been analysed in detail. The recommendations that have been provided to the organization
based on changes that can be implemented in the business model are as follows,
Improving the promotional and advertising activities in order to increase the
awareness levels of the products and services.
Increasing access to information based on customers.
Business Model Canvas of Travelport Locomote_2
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BUSINESS MODEL CANVAS OF TRAVELPORT LOCOMOTE
Table of Contents
I. Introduction.................................................................................................................3
II. Business model..........................................................................................................3
A. Building blocks.........................................................................................................3
1. Customer segments................................................................................................3
2. Key partners...........................................................................................................4
3. Value proposition...................................................................................................4
4. Key activities..........................................................................................................4
5. Channels.................................................................................................................5
6. Revenue streams.....................................................................................................5
7. Cost structure.........................................................................................................5
8. Key resources.........................................................................................................5
9. Customer relationships...........................................................................................6
B. Interrelationships.......................................................................................................6
C. Critical success factors..............................................................................................6
D. Downside risks..........................................................................................................7
E. Business model changes............................................................................................7
III. Conclusion................................................................................................................7
IV. Recommendations....................................................................................................8
References......................................................................................................................9
Appendices...................................................................................................................11
Appendix 1 – Table 1 – Business model canvas of Travelport Locomote..............11
Appendix 2 – Table 2 – Revenues of Travelport Locomote....................................12
Business Model Canvas of Travelport Locomote_3
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BUSINESS MODEL CANVAS OF TRAVELPORT LOCOMOTE
I. Introduction
Travelport Locomote is a simple travel based platform that is used by the corporate
travellers. The platform is able to empower the travel managers in order to drive the changes
and further to achieve a quantum leap in different program efficiencies. The app-powered
features and workflows are important features that are provided by Travelport website other
than the online booking based facilities. The entire lifecycle based on the travel plans that are
made by the business travellers are effectively managed by the website that has been
developed by Travelport Locomote (Locomote.com., 2019).
II. Business model
The major vision that has been developed by organization in order to form the
business model of Locomote is based on the experiences that are delivered to the corporate
travellers. The organization aims at taking the travel experiences of corporate travellers to a
whole new level. The passion of the management team of Locomote is able to provide major
levels of support based on the ways by which the company can become great. The agility of
operations of Travelport Locomote is helpful for services that are provided to the company
(Andreassen et al., 2018).
A. Building blocks
1. Customer segments
The customer segments that are served by Travelport Locomote include, the hotels
and the corporate travellers. The travellers are divided into different segments with the help
of the levels that they have developed in their respective organizations. The levels of services
that are provided by the hotels are also based on the income levels of corporate travellers and
personal needs and demands (Dorantes-Gonzalez et al., 2015).
Business Model Canvas of Travelport Locomote_4

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