Skift Take
The global student travel and accommodations market has yet to be organized in a consistent way, despite the financial promise of the sector and the particular needs of its participants.
Student.com, a London-based booking site for international student accommodations, landed a $60 million funding round led by VY Capital and with participation from Horizons Ventures, Expa, Spotify founders Daniel Ek and Martin Lorentzon, and Hugo Barra from Xiaomi.
More than five million students are currently studying abroad and the number of higher education students going overseas to study is growing at a rate of 6.4% each year. Student travel is an estimated $200 billion global market, though Luke Nolan and Shakil Khan, founder/CEO and co-founder of Student.com, respectively, feel that number is much higher and that the travel industry doesn't know how to accurately measure student travel's economic impact.
Student.com
