The travel technology sector has seen a drop in its investment climate. According to a report by Phocuswright, travel funding decreased from $12 billion in 2022 to $4.6 billion in 2023. The start of 2024 has also been slow with only $1.7 billion raised by the end of May. However, investment experts see the dip as an indication of a more stable and possibly healthier market in the future, according to Gaurav Tuli, a partner at F-Prime Capital.
Analysis of travel investment indicates changes in funding and innovation opportunities
