In a strong vote of confidence for the recovery of travel, venture capital funding for startups in our industry strongly rebounded in 2021. Travel startups raised $8.6B in 2021, up 73% from 2020 and now nearly fully recovered at 90% of 2019.
Sustainability and remote work will shape how we live and how we travel profoundly on the other side of the pandemic. Understanding what travelers think of these two topics and how these two areas will impact their future travel decisions is crucial for the industry rebuild.
The online travel space has always been super-competitive, but established players like Expedia Group and Booking Holdings face a growing roster of formidable competitors, including hotels, Google and Airbnb.
The pandemic has greatly disrupted travel, both in volumes, and for those who did manage to travel, how they traveled. Read our new survey findings from the U.S., UK, Australia, China and India to understand what has changed and what new habits will last post-pandemic.
The pandemic has been both a blessing and a curse for destination marketing with restricted budgets, a broadened scope of work, and a breather to rethink and restructure. This year will be pivotal for laying the groundwork to evolve nimbly in line with travel trends and to enhance organizational efficiencies.
Despite the surge of Omicron, 45 percent of Americans traveled in December. In particular, nearly 6 percent of all December trips were to another country, marking the highest rate since the pandemic started. And looking ahead to 2022, Americans are optimistic about traveling more.