This document discusses the functionality and business structure of an online ticket booking app that offers ticket auctions and discounts based on season and availability. It also explores the market analysis and marketing strategies for the app.
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Running head: TICKET AUCTION SMART APP TICKET AUCTION SMART APP Name of the Student: Name of the University: Author Note:
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1TICKET AUCTION SMART APP Introduction The primary objective of this online ticket booking app is to offer the auction of the ticket. Initially, a bunch of tickets are bought, and those tickets are provided to the consumers at a different price. There are certain conditions those are needed to be maintained during the buying of the tickets. At the low season the consumers will get tickets at a low price, and on the peak season, the consumers can get the ticket at a relatively high cost due to the high demand of the tickets. Apart from that, the tickets would be bought from the consumers who have cancelled their tickets. Discussion conduct the situational analysis of the fight tickets in UAE, it has been seen that from UAE almost 2000 flights take off and half of them are from Dubai. To understand the functionality of the ticket booking app specific questions are issues are needed to be solved. These questions are raised through consumer behaviors while taking the flights. It has been seen that most of the consumers are preferring the booking of the flight tickets through online. To do this, they are using smart phones and mobile devices. In this case, an excellent online ticket booking platform is needed. The specialty of this app is that it can offer the tickets to the consumers depending on the season and the availability of the tickets. In this case, if the user can book the ticket in low season, there is a chance that the user can get a fair amount of discount on the price. Another attribute of this application is that through this app the usage of the technology, travel agency and eBay are merged.
2TICKET AUCTION SMART APP The user interface is simple, where the users have to register themselves before joining the buying process of the tickets. Apart from that during the registration process, the users have to enter their mobile number along with email and address. The app ensures to protect user data through various security control measures. The functioning of the app: The operation of the app is simple which has three entities in the system- consumers, ticket booking app and airlines. The ticket booking app will buy a certain amount of tickets from the airline companies. The tickets will be sold to the users by the ticket booking app at a certain price. To run the business efficiently, the profitability of the app is needed to be concerned. In this case, the chances of profitability are required to be measured. If the ticket is freely available in the market at a reasonable price, it can be said that the users will use other resources to buy the ticket at a reasonable price. In that situation, the chances of profit are low for the app. In the tightly hold position, the tickets have high demand, and the tickets are not available easily. In this case, users can use this app to buy tickets at a relatively high price. In this situation, the app will make a high margin of profits. Evaluation of the industry environment: Certain things are needed to be done to enhance the market for the online ticket booking app. The controlling of the seasonal ticket prices are required to be implemented. This will help
3TICKET AUCTION SMART APP the application to understand the market demand of the tickets for a particular route. A standard average price of the ticket is needed to be maintained so the policy to mitigate the loss can be adopted. Apart from that the accurate functioning of the auction process is required to be implemented. Marketing for the online app: Marketing is needed to be done to make the app familiar to the consumers. In this case, specific marketing policies are required to be taken. In this case, digital marketing like giving advertisements in the online platform can be beneficial. The users of the app are needed to be encouraged to share the experience of using the app. Those experiences can be shared for the marketing of the app. Apart from that word of mouth is also effective marketing planning. Market analysis: To understand the business of the ticket booking app, the internal review is done. It has been seen that there is a threat from the new entrants. Other companies can make the same type of app as it does not require expensive components and capital. The bargaining power of the supply is higher, as the app will pay money to the airline companies to buy tickets. There are chances of rivalry between this online ticket booking app as some of the airlines are offering flight tickets at a meager price. There is a threat from substitute products as the same online ticket booking technique can be adopted by other companies.
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4TICKET AUCTION SMART APP During the high demand of the tickets, the bargaining power of the consumers is low. However, in the low season, the bargaining power of the buyers is high as the tickets are readily available from other sources. Business structure of the organization: L.L.C will monitor the business. The five members will organise L.L.C. Merits of the online ticket booking system: There are specific merits of the online ticket booking system. The main advantage of the online ticket booking system is that the system is available for the all time of the day. It also helps to increase the demand of the airline tickets. Apart from that, the development can be done through the increasing of the flight numbers. Conclusion The discussion is regarding the various aspects of the proposed online flight ticket bookingsystem.Thefunctionalityofthisticketbookingappalongwiththebusiness management process of this ticket booking app has been discussed. It can be said that there are specific opportunities for this ticket booking app. However, proper business plan and the technical implementation is needed for the full functioning of this app.