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. The U.S. and Canada saw a 6 percent increase and new investment vehicles — so-called SPACs — have raised over $7 billion and are hunting for deals in the space.
This report analyzes hundreds of venture deals to highlight the most prominent startups and the emerging industry trends they represent. It also digs into the players of the travel startup ecosystem including the most prominent venture investors by region and the most active M&A buyers.
What You’ll Learn From This Report
- The size of the travel startup financing market, 2011–2020.
- Key 2020 funding trends In travel startups, including top themes and regions.
- Top 2020 investors in the travel space, by number of deals, deal sizes and region.
- Major 2020 fundings by region, size, company, and sector.
- Analysis of exit opportunities, including top acquirers of travel startups and SPACs.
After you subscribe, you will gain access to our entire vault of reports conducted on topics ranging from technology to marketing strategy to deep dives on key travel brands. You will also be able to access our proprietary Skift Recovery Index and Skift Health Score data and reports.
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