How Travel’s Venture Capital Landscape Is Transformed: New Skift Research
Skift Take
The pandemic derailed record years of venture capital activity in travel, resetting the industry to 2014 levels of investment. But our assessment shows signs for optimism about the future of the travel industry and its ability to innovate technology and incubate globally relevant startups.
Skift Research’s annual deep dive into venture capital in travel finds the landscape upended by the pandemic. Venture capitalists invested $4.9 billion of new capital into the travel industry in 2020. This is better than feared, though still a whopping 55 percent decline from 2019. Asia, once the largest market for travel startups, was down 80 percent.
However, there were some bright spots. Th
