It's theoretically a great time to be investing in and creating hospitality tech startups with more hotels wanting to drive direct bookings and online travel agencies interested in getting their piece of the pie. But several factors, such as uncertainty with stock markets around the world, are making investors more cautious about if, and how much, they invest in these companies.
The funding balance of power is changing as 67 percent of venture capital deals for travel tech startups took place outside the U.S. in the first half of 2016, although that was 3 percentage points lower than the year-earlier period. Funding for mobile-travel startups jumped 500 percent.
Several hotel companies are looking at digitizing the concierge experience so human concierge staff have more time to devote to complicated guest requests. It's still early to tell how this will pan out in the vacation rental market, which Key Concierge's is targeting.
It’s summer time in many parts of the world and travelers are looking to get outdoors and on the water for some fun in the sun and some travel startups want to help travelers make the most of the sunshine and warm weather.
Who in their right mind wants to waste government workers' time and sanity to screen the social media accounts of tens of millions of visitors every year when there are home-grown wack-jobs spouting even more dangerous things every day?
Here are more reasons to prepare for mobile to imminently overtake desktop for online travel bookings, along with more signs that travel can obviously learn something from retail which far surpasses it with mobile sales.