Global Travel Entrepreneur Challenge 2016

The Global Travel Entrepreneur Challenge (GTEC) is a global business competition for students. In this challenge, students will learn to develop and run a travel business from scratch in a three-month period with the support from Pacific Asia Travel Association - PATA and Triip.me

CHALLENGE INFORMATION OVERVIEW
Step 1. Registration

Students form team of 1-5 members and appoint a Team Captain. Team Captain registers by filling a form on the homepage of GTEC 2016. The registration form is opened here. The registration will be closed on Sep 25th, 2016.
Step 2. Team Profile

The Captain has to verify the team profile by clicking a verification link sent via email from the GTEC team and access team's Profile with the email account used during the initial registration.

Next, the Captain can add detailed information to the profile, move onto creating profile video.

Note: The Captain should receive a verification email within 3 days after submission. Please make sure to check your email ‘spam’ folder, as some email software may flag GTEC emails as spam.
Step 3. Create Video

This is a major component of the challenge. Each team has to submit a short video with the maximum length of 90 seconds, introducing the team and their city. It must be uploaded on Youtube or Vimeo then the team have to update the video link on their profile page.

Deadline for submitting profile video is 10 days after receiving the verification email.
Step 4. Run the business

1. First, the team has to create a tour (the base product of their travel business). There are many resources for students to refer to in our Resources section.
2. Submit the tour itinerary on Triip and wait for tour approval from the GTEC. Once the tour is approved, it will be available for booking.
3. Team will do their best to promote the tour and get booked.
4. Repeat and optimize the process for the best operation and experience.
5. Continue to ship more paid local experience for the travelers (read create more paid products).

Step 5. Write Business Report

1. Wrap things up and prepare the business reports to compete for the final prizes.
2. Teams have to submit their business report by Nov 23rd (0:00AM ICT).
3. All reports should use the following formatting: 12-point Times font, 2.54cm/1in page margins, A4 or US Letter paper, left-justification, 1.5 line spacing.
4. Reports must be written in English and uploaded in PDF format.
5. See Judging for more details on writing reports.

Step 6. Judging

A panel of judges from Triip, PATA and Gobi Partners Venture select the winning teams based on the success of their business. Winners will be announced in the end of November 2016.

Judging criteria

Total: 100 points

Profile: 30 points

• Update profile: 10 points
• Video: 20 points

Business: 70 points

  1.Tour creation: 10 points (Title, what’s so special, image, highlights)
  2.Business Report: 60 points

• Business overview: 5 points (a basic review of the business by introducing the goals and operational details)
• Strategy: 15 points (this section should provide a brief overview of the analysis, marketing and operating plan)
• Key results: 35 points (the overall performance as well as detailed performance.This section should provide a brief overview of key metrics)
• Learning component: 5 points (The team's reflection on what they learned)

Judging Process

Step 1: Selecting the top 200 teams.

Step 2: Selecting the three winners.

 

PRIZES

1st Prize $15,000

2nd Prize $10,000

3rd Prize $5,000

20 top teams x $500

 

ABOUT GTEC 2016

The Global Travel Entrepreneur Challenge (GTEC) is a global business competition for students. In this challenge, students will learn to develop and run a travel business from scratch in a three-month period with the support from Pacific Asia Travel Association - PATA and Triip.me
ABOUT TRIIP

Triip is the travel platform that enables travelers to enjoy the best private tours passionately crafted by handpicked local tour guides. Triip is now available in 93 countries, 650 cities around the world.

Learn more about Triip’s story on The Wall Street Journal
ABOUT PATA

Founded in 1951, the Pacific Asia Travel Association (PATA) is a not-for profit association that is internationally acclaimed for acting as a catalyst for the responsible development of travel and tourism to, from and within the Asia Pacific region. The Association provides aligned advocacy, insightful research and innovative events to its member organisations, comprising 97 government, state and city tourism bodies, 27 international airlines, airports and cruise lines, 63 educational institutions, and hundreds of travel industry companies in Asia Pacific and beyond.

Apply now at: www.globaltravelchallenge.com

Others Details

The Global Travel Entrepreneur Challenge is not another academic assignment - but a real world opportunity for students - young entrepreneurs around the globe to build a successful travel business from scratch.