A handful of major disruptive companies in travel and hospitality are enjoying sky-high valuations as they secure late-round funding, while an ever-increasing number of newer startups are vying for investment capital as they target more specific markets.
If 2014 was the year investors made it rain in the travel industry, 2015 has brought in a torrential storm. The largest 10 funding rounds so far this year have brought in $8 billion, dwarfing the $2.2 billion a comparative number netted in 2014. Though Uber and Airbnb accounted for some of that, a lot of the action is happening in emerging markets like Brazil, China and Southeast Asia.
On the other hand, impressing investors has become harder than ever. Frustrated with copycat ideas (“We’re the Uber of X”), VCs are largely unimpressed with the new crop of pitches. As always though, the idea is often secondary to the intangible quality that an entrepreneur brings to the table. Who is the next Travis Kalanick?
This latest Skift report takes a deep dive into this subject with interviews from industry experts including Henry Harteveldt of Atmosphere Research Group, Brent Handler of Inspirato and Abrar Ahmad of Travel Capitalist Ventures.
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About These Reports
This is the latest in a series of twice-monthly trends reports that brief readers on a specific trend, providing insight into the current state of the market, the context around the trend, and where the industry is heading in the near future.
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