Projected Revenue
Boxa Travel is a sustainable travel booking platform targeting the eco-conscious traveler market. Based on our market research and analysis, we estimate a large Total Addressable Market (TAM) for sustainable travel worldwide. Our focus on green-certified properties and unique booking platform provides us with a Serviceable Available Market (SAM) of around $100 billion. As a new entrant in the market, our projected Serviceable Obtainable Market (SOM) is expected to be around $2Billion, but we anticipate significant potential for growth in this market.
In this page, we will provide projected revenue for Boxa Travel based on our estimated SOM.
| Market Segment | TAM (in billions) | SAM (in billions) | SOM (in billions) |
|---|---|---|---|
Sustainable travel | $1000 | $100 | $1-2 |
Based on our market research and analysis, we estimate that Boxa Travel can capture a significant portion of the serviceable obtainable market (SOM) for sustainable travel, with projected revenues as follows:
| Year | Revenue (in millions) |
|---|---|
2023 | $0.4 |
2024 | $1,1 |
2025 | $2,5 |
2026 | $6,12 |
2027 | $8,8 |
| Year | Property Bookings | Average Commission per Booking | Additional Services | Average Commission | Total Revenue |
|---|---|---|---|---|---|
1 | 10,000 | $40 | -------- | $20 | $400,000 |
2 | 25,000 | $40 | 6,000 | $20 | $1,120,000 |
3 | 60,000 | $40 | 8,000 | $20 | $2,560,000 |
4 | 120,000 | $40 | 16,000 | $20 | $6,120,000 |
5 | 200,000 | $40 | 20,000 | $20 | $8,800,000 |
These projected revenues are based on a conservative estimate of capturing only 0.05-0.1% of the serviceable obtainable market for sustainable travel. However, as sustainability becomes an increasingly important factor for travelers and the industry as a whole, there is significant potential for growth beyond these projections.
It is important to note that these projections are subject to change based on various factors, including market trends, user behavior, and competition. As such, we will continuously monitor and adjust our revenue projections to ensure that we are meeting our targets and maximizing our potential for growth.
Sources: https://www.futuremarketinsights.com/reports/sustainable-tourism-sector-overview-and-analysis
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