Travel Startups: Disruption from Withinor Not? – By Giuseppe Genovese
Startups play an essential role in spearheading innovation that benefits consumers, businesses, and industries. But travel startups have been underfunded when compared to startups in other sectors. Looking back over the past 15 years, the travel and tourism industry received around 1 percent of funding for startups across all industries. This relatively low level of investment stands out in contrast to the industrys size: Travel and tourism contributed to over 10 percent of global GDP in 2019. These factors suggest that its a tough industry in which to raise money.