Estimates of the size of the group travel market range from $31 to $87 Billion and between families, college students, wedding and events there is no shortage of groups desiring to travel together. David Chait saw an opportunity when he and his friends had difficulty coordinating a trip and after a successful 200 person MVP (most viable product) test are now seeing 2% to 3% conversions of visitors to customers using their group travel booking engine at Travefy.com.
We had the opportunity to interview David recently about his new business and how his government job experience beat out work at McKinsey towards providing the knowledge to start this business