Learn how to create an app like trivago which can use for hotel booking and price comparision. Check online reservation app like trivago development cost.
- Trivago is the finest German hotel aggregator that was started in 2005 to facilitate hotel/accommodation bookings. The owners converted their garage into their office.
- Trivago being the best startup idea of its time got 1 million Euros of investment from the investors.
- The owners of Trivago went from 7star hotels to small accommodations to list each and every living space in the country over their newly built site. Which business does not want a free listing?
- 3 years from its launch (i.e. in 2008), the company touched the sky with its profits going just double. There was no going back after then.
- In 2007, Trivago got its B phase funding of $1.14 Million from HOWZAT Media LLP.
- In 2010, Trivago sold half its stakes to a US Investment fund for a shedload of $52.86 Million. The company started with just a million Euros. Remember?
- In 2012, Expedia (American Travel Agency) took Trivago’s 61% stake for a plentitude of $632 million.
- In 2015, Trivago’s annual revenue reached $500 million.
- In 2016, Trivago went to own Base7Booking (a cloud PMS). The same year it Trivago accommodated 1000 employees under its roof.
- 2016 ended on a great note with Trivago getting listed in NASDAQ (the American stock exchange company).
- At present, Trivago is active in 190 countries of the world.
- The company’s annual turnover rose to $941 by the end of 2019.
- 2020 came with a global pandemic (COVID-19), which was a tsunami for the world as well as Trivago, the company lost its sales by 95% due to worldwide lockdown.
- 2021 is the time to look ahead and revive. As the sector booms again, the company is again hopeful to elevate its sales again.
- 2021 is a competitive market with a lot of scope for a business to touch the heights again. With the world going digital, a full-fledged hotel price comparison app like Trivago that does the best in the interest of its clients and is unique in its features will always earn in bulk.
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