The travel tech industry is seeing a decrease in funding, according to the report by Phocuswire. Travel technology investment fell from $12 billion in 2022 to $4.6 billion in 2023. Factors such as geopolitical tensions, macroeconomic uncertainty, and inflationary pressures were identified as reasons for this decline by Anna Schneider of Lufthansa Innovation Hub. This market correction comes after a “massive run up in the market” due to the COVID pandemic, as mentioned by Gaurav Tuli from F-Prime Capital investment company.
Sail Through Time: Discover the Timeless Wonders of Upper Egypt Aboard Kenzy Dahabeya
Experience the magic of the Nile aboard Kenzy Dahabeya, a luxury boutique sailing cruise that offers an unforgettable journey between...
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