Event: 2021 Phocuswright Europe
HQ: Dublin Ireland
Principal(s): Ciaran Haughey, David Taylor, Marshall Kappel, Senan O’Kiersey, Ronan Haughey
Funding: Bootstrapped to date. Raising £350K seed funding
Product Description: Travelling on business? No need to eat alone. Table4One offers real-world networking for solo business travellers. Table4One is an innovative platform that connects like-minded business travellers to meet up, generate more leads & networking opportunities, whilst enhancing traveller wellbeing. We geo-locate solo business travellers and use proprietary technology to match them based on their profile and preferences. We connect them in the real world, we call this a match. For the business travel industry, Table4one offers an innovative digital solution to attract customers, increase revenue and provide a better user experience.
Business Model: When people connect using Table4One, we steer them towards curated experiences with our industry partners. We generate revenue by delivering significant value to hotels, restaurants and hospitality brands (increasing footfall and spend). For every match that we send to our partners' establishments, we take a revenue share.
Competitors: Shapr, Lunchclub, Travello
Competitive Edge: Table4one will be the go-to solution for solo business travel; for the travellers, hospitality, corporates, TMCs and for the industry. With our B2B approach, we provide innovative opportunities for travel and hospitality brands to attract higher-spending business travellers and improve their experience.
Market Opportunity: Global business travel spend for 2020 was estimated at $694B. Global business travel meal spend is 21% of the total, $146B. Of that, around a third of meals are eaten alone which is a market opportunity of over $40B.
Pre-Covid, half of business trips were taken alone. Post-Covid, it is likely that a higher proportion of trips will be solo.
As the world emerges from the pandemic, the balance of supply and demand is out of whack within hospitality. The industry will be ultracompetitive and hungry for innovation, particularly digital-driven solutions.
Early Customers: Our target customers are innovative hotel and hotel service brands, restaurant chains, loyalty programs, corporates, TMCs and OTAs.