The venture capital investment in the travel industry hit a 10-year low in 2023 with only $2.9 billion, compared to $5 billion in 2022 and nearly $9 billion in 2019. However, early signs in 2024 indicate a potential rebound, with increased investments from Asia and the Middle East, and a shift in focus towards experiences and artificial intelligence. This decline in investment coincided with a drop in the number of deals made in the industry.
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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