A Property Manager and Operating Company Flywheel
Skift Take
Are tech companies serving the hospitality sector are doing any better (read: raising more money, generating more profits) than, say, a short-term rental upstart?
Happy Friday, folks! I’m still in rainy London trying to catch up with the news, and meet industry folks in Europe.
Speaking of catching up with European news, I saw that German software company for B2B travel, Lanes & Planes, raised $35 million in Series B funding. Now this got me thinking about whether tech companies serving the hospitality sector are doing any better (read: raising more money, generating more profits) than, say, a short-term rental upstart.
I took my questions to Philip Lolis, who is an investor at travel tech investor Thayer Ventures and a venture partner at Derive Ventures. Lolis spoke at the STRz summit this week in London.
Lolis’ view is that it depends on the market and the inflationary and macroeconomic environment we live in.
“Right now, given the increased cost of capital, it’s challenging to make operating business a venture investment,” Lolis said. “The Marriotts and Hilto
