McKinsey on investment patterns in travel
Fewer travel startups are attracting funding, but when they do, they secure a substantial amount
Companies focused on hospitality, transportation and the travel booking experience have held the top three spots for funding in the last several years, but in recent years two other sectors have come into the view of investors: business travel and the in-trip experience.
McKinsey partner Nina Wittkamp and associate partner Evgeni Kochman say this shift is an indication that those making decisions about where to invest see opportunities for innovation in these sectors.
Watch the interview on PhocusWire and McKinsey