The travel technology industry’s investment environment has recently experienced a downturn, according to Phocuswright’s report titled “The State of Travel Funding 2023”. The report reveals that travel funding went down from $12 billion in 2022 to $4.6 billion in 2023. Furthermore, the start of 2024 also displayed a lackluster trend, with only $1.7 billion raised by the end of May, in accordance with Phocuswright’s Travel Startups Interactive Database. Nevertheless, investors believe that this decline is not necessarily bad news, which suggests that it could present opportunities for innovation.
Approach Tours Takes Its All-Inclusive Model to the Water with New Cruise Portfolio
Leading senior Canadian travel operator Approach Tours has unveiled its new cruise portfolio, marking its expansion into ocean expedition and...
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