Technology

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 industry’s size: Travel and tourism contributed to over 10 percent of global GDP in 2019. These factors suggest that it’s a tough industry in which to raise money.

Latest version can take images as inputs and improves upon many of the criticisms users had, but will still ‘hallucinate’ facts

The usefulness and ability to transform business goals of travel data are endless. By reading this article, you hopefully will be inspired to re-think the importance of such data and seek more data-led solutions in the future.

Executive leader brings a strong track record of innovation, partnerships, and scaling teams & commercial platforms in travel

The metaverse was once touted as the future of human interaction, a virtual world enabling users to live, work and play in a fully immersive virtual realm seamlessly blending physical and digital worlds. But the metaverse has hit a snag, and leading technology companies such as Meta, Microsoft and Apple have reduced their focus on the R&D behind the virtual world.

In 2020, Google announced that all websites worldwide would need to upgrade to its latest analytics platform, Google Analytics 4. Tambourine has completed the upgrade to over 1,000 hotel, restaurant, and destination website clients, well before Google's cutoff date of July 1, 2023.

As we progress in 2023, we will continue to see hotels leverage technology to not only increase operational and staff efficiency, but also meet changing guest expectations for a high-value, but relatively low-touch experience. Read on and explore the technologies that will likely continue to transform the industry this year.

Cvent Holding Corp. (Nasdaq: CVT), a meetings, events and hospitality technology provider, yesterday announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.

Despite the many challenges thrown in the face of the hospitality industry, dozens of growth statistics indicate that the industry is projected to become stronger than ever. But how can so much growth occur after such vast economic uncertainty occurred over the past few years? The answer lies in automation.

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