Slowdown in travel tech investment

Global funding of travel technology companies has slowed to its weakest level in nearly a decade, according to Phocuswright

Nov 24, 2023

The recent Phocuswright Conference shed light on the significant slowdown in global funding for travel technology companies, reaching its lowest level in nearly a decade.

Key takeaways

  • Quoting the State of Travel Funding 2023 report, economic factors, rising interest rates, and geopolitical tensions have contributed to this decline, resulting in a drastic drop in funding rounds and To culminate investment in the industry;
  • Additionally, sky-high valuations from previous years have made follow-on funding more challenging to secure;
  • A notable contrast to the decline in funding is the proliferation of mergers and acquisitions in the travel space, including corporate travel, with the number of deals surpassing pre-pandemic levels, with corporate travel emerging as a particularly active area.

Get the full story at BTN

Related must-reads


Get our Daily Brief in your inbox

Consumers are changing the face of hospitality - from online shopping to personalized guest journeys and digitalized guest experiences ...
we've got you covered.

By submitting this form, you agree to receive email communication from and its partners.