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.
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...
Read moreDetails
