Should Venture Capital Be Betting on Travel Now? New Skift Research

Empty hotels, like the one pictured here, are the challenge for venture capital investors deciding whether to keep investing in the travel sector. Wendy Li / Adobe Skift Take: Travel is a long-term megatrend because all across the globe people appreciate the value that it brings to their lives. This holds true across a vast … [Read more…]

Travel Agency MisterFly Slams Airlines for Delayed or Denied Refunds

Nicolas Brumelot, co-founder and president of Misterfly, poses at the Paris headquarters of his online travel agency. Source misterfly MisterFly Skift Take: Everyone in the travel industry is frustrated right now with much of the world frozen up. But Nicolas Brumelot, the co-founder and president of travel startup Misterfly, speaks for many agencies frustrated by … [Read more…]

Separating Hype From Emerging Tech’s Real Shortcomings Post-Crisis: New Skift Research

Conference attendee tries using the latest VR goggles in Munich, Germany Stephan Sorkin / Unsplash Skift Take: Not all tech is worth the hype. But then again, the current crisis will likely accelerate the adoption of some worthwhile emerging technologies. It’s important to know how this will impact the travel industry. We’ve set out the … [Read more…]

From Crisis Will Come Eventual Opportunity for Venture Capital in Travel: New Skift Research

Skift Take: We are headed into a winter for travel startups. But travel won’t be gone forever. And history teaches us that startups are often the first to pinpoint our industry’s new direction as we exit a crisis. — Seth Borko Read the Complete Story On Skift

Bimble Raises $1.5 Million for Trip Inspiration: Travel Startup Funding This Week

Roastery Toastery is a cafe tucked into a wall next to the entrance to the Chalk Farm Tube station in northwestern London. It’s an example of a place that new travel startup Bimble considers worth sharing with other travelers. Roastery Toastery Skift Take: This week, travel startups Bimble and Pruvo announced they had raised more … [Read more…]

The Impact of Emerging Tech in Travel Post-Coronavirus: New Skift Research

Skift Take: There are so many technologies that can and will impact the travel industry, but it’s hard to poke through all the hype and see what will fundamentally change the future of travel. We investigate four technology buckets with the largest potential. — Wouter Geerts Read the Complete Story On Skift

What Nervous Travel Startup Investors and Founders Should Watch for Next

Plug and Play is a startup accelerator program in Sunnyvale, California, that provides startup founders with chances to pitch in front of audiences with corporate partners and venture capitalists. Plug and Play Skift Take: From short-term rentals to tours and activities to corporate travel, here are pockets of the travel tech startup sector to follow … [Read more…]

GetYourGuide, Omio, Other Travel Tech Startups Hunker Down

A January 2020, photo of Johannes Reck, Managing Director and co-founder of GetYourGuide, sits in front of the company logo after a panel discussion on the occasion of the visit of Federal Minister of Economics Altmaier to GetYourGuide’s office in Berlin. GetYourGuide is an online travel agency. Christoph Soeder / Bloomberg Skift Take: GetYourGuide top … [Read more…]

Cloudbeds Raises $82 Million for Hospitality Tech: Travel Startup Funding This Week

Guests relax at Hostal Nacional, a hostel in Guadalajara, Mexico, that uses Cloudbeds software. Cloudbeds Skift Take: Cloudbeds’ ability to raise $82 million validates both its strategy and the broader hospitality tech sector. Other notable fundings this week include Checkfront, which helps tours-and-activities operators handle bookings and payments, and SuitePad, which supplies digital tablets to … [Read more…]

Yonder Raises $4 Million for Nature Travel: Travel Startup Funding This Week

The Cottonwood Creek Cabin is a mountain retreat near Chewelah, Washington. Yonder Skift Take: Yonder, Airside, GogoBus, and TPConnects announced investments this week, showing that startup funding continued despite the recent global coronavirus crisis. — Sean O’Neill Slim Leather Travel Passport Wallet Holder RFID Blocking ID Card Case Cover US $8.99End Date: Monday May-4-2020 1:55:00 … [Read more…]