A few families contacted me, but I saw it as too niche to create a service for them.
The pandemic changed everything as those single nomads now have own families, and the market is much bigger.
But these families face the same challenges - there is not much infrastructure to travel and work remotely.
Let's have a look at this market:
Why services for nomad families are almost non-existent?
How do families I know do it?
Research or existing solutions
My take on the opportunities in this market
1. Why services for nomad families are almost non-existent?β
There are many reasons, but here are what I consider the most important one:
π Hospitality operators don't think it is an exciting market - well, the hospitality industry is relatively slow, and there is usually a "talk" for 5+ years before taking any action
π It seems to be too much hassle - many additional amenities needed (toddler dining chair, co-sleeper, to name a few), demanding customers, etc.
ποΈ The vast majority of vacation rentals are 1-bedroom apartments and studios (historically considered the best investment) that are not ideal for family stays
π° Didn't fit the VC narrative - there have been hundreds of millions poured into startups like Sonder intending to capture much generic market
2. How do families I know do it?β
I have a dozen friends with small kids who are already doing this. They all struggle to find the suitable accommodation:
Browsing Airbnb a lot
Asking all similar friends for recommendation
Always open to any location where it is easy to get (fly) and has the proper infrastructure which is the opposite of nomads ("I want to go to Barcelona")
The main challenge is to facilitate the care of the kids:
One of the parents takes a vacation
Invite grandparents and other family members to take care of the kids
Structuring the work day the way that one of the parents can always take care of the kids
Only one parent works remotely
3. Research or existing solutions
a) Structured programs
There are packaged programs that include accommodation, schooling services, coworking, facilitation, community, and often logistics
They have higher price tags and target nomadic families who aspire to do it long-term but might be afraid to do it without help (at least to start)
Companies like Otter and Napp can make it easier to find childcare services while traveling
However, they don't solve the broader problem of accommodation
4. My take on the opportunities in this market β
Why is it a good business opportunity?
Growing niche market
No competition - single nomads have 1000's of options to book accommodation, families don't
Clients happy to pay a premium (2 parents working remotely = good income)
They book in advance - much better for forecasting and revenue management
How would I do it?
Focus on larger (3-4 bedrooms) apartments and villas
Families that want to do it 1-2 months per year (no aspiration to become nomadic)
Premium amenities that are not so expensive but add a lot of value (e.g. Stokke chair)
Two workstations for parents with a display and office chair
Organize nannies that can be shared between families
Focus on families with small kids (no school) and families with older kids who don't need school (do homeschooling, can have a break from school for a few weeks, etc.)
Keep it as simple as possible (look on the examples above - very easy to make it super complex)
Is someone building this? I would love to invest and help (distribution, product, etc.).
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