Travel investors are hoping for the next innovation wave to hit soon as they decide where to channel their funds.
Phocuswright research on travel startups presented at Phocuswright Europe 2024 last month showed funding at the lowest levels for a decade and that there are half the number of active investors in travel in the United States. The research revealed that the decline is driven by the market being tough for exits, unrealistic valuations and interest rates.
Many investors are focused on early stage investments perhaps in anticipation of betting on the next big thing as opposed to more established companies and concepts. Christoph Schuh, a partner at Lakestar, which was an investor in…