Entrepreneurship and Innovation (BUSN3003) Session 3, 2021 Assignment 1: Venture proposal Due: Friday, 10th December – 11.00 p.m XXXXXXXXXXhours AEST) Weighting: 20% You are required to conceptualise,...

TRAVEL TECH
Table of Contents
Introduction    3
Overview    3
Potential business outcomes    4
Potential social outcomes    5
The problem    5
Expert suggestion    6
The solution    6
Effects on customers    7
Specific target market    7
Opportunity and target market    8
Use of technology and its importance    8
Conclusion    9
Bibliography    10
Introduction
· The purpose of the presentation is to present a unique product
· The product will enhance the business in the hospitality industry
· The product will be technologically advanced
· The product will enhance the productivity and credibility of the sector
· It is a user-friendly application
· Both the industry and the tourists will be benefitted.
In this light, it has been presented that a new gadget has been introduced in the market for the hospitality and tourism sector which will help in enhancing the business in Hospitality Management and increase the creativity and productivity of the sector by appointing and user-friendly application for tourists. The importance of this presentation lies under the innovative reserves that the desert will be giving to the customers and the possible outcomes that will help in enhancing the business organisation and the tourism sector altogether.
Overview
· The purpose of creating the technological application is to enable facilities for the tourists
· It will help the tourism industry to grow
· It will help in maintaining the covid protocols
· It will enable a contactless journey
· Various online methods of booking and check-ins will be followed
· The automation process of IoT will help the companies to understand the demands of the customers in a better manner
· It will maintain health and hygiene properly
The slide has presented the general overview of the whole idea behind the explicit management in the travel and tourism sectors and how the application will help in enabling certain facilities for the Tourists and for the sector itself. The application will help the tourism industry to grow in many ways and especially after the covid-19 pandemic there has been much protocol that the industry has to maintain for safe traveling. The special technological facilities of the application will help in enabling contact lens journey and other online methods to check in and check out from the hotel and restaurants. The whole process will help many companies to understand the demands of the customers by associating the internet of things or artificial intelligence in their application system where are the customers will have to put their data. The contactless facility will also help in maintaining hygiene.
Potential business outcomes
· The initiation will affect the overall business positively
· People will feel after to travel after the pandemic
· The maintenance of protocols and hygiene will help the tourists feel safe
· The growth and profit margins will increase
· Low outlay cost will develop the overall app service
The potential business outcome from this method will enable the industry to grow and maintain proper profit to increase productivity. The potential business outcome also includes the initiation and maintenance of covid-19 protocols declared by the international organisations and it has helped in attracting more customers because the travelers are also very concerned about the health and hygiene prospect maintained in the organisations. The application will direct the particular protocols maintained in certain organisations and how it has been manifested in different places. This site will be beneficial for them to enjoy the overall service of the application as well as it will lower the outlay cost of the app service.
Potential social outcomes
· It will generate a greater sense of individual safety
· It will allow the customers to feel safe
· It will generate better tourism popularity
· Tourists will have a greater understanding of the surrounding environment and the culture of the place
· The tourists get an overview prior to...