Technology solutions for the travel industry (Travel Tech) refers to the set of next-generation tools and platforms that aim to redesign travel-related processes. They aim to provide travelers and travel service providers the flexibility and scalability required in a highly dynamic landscape. These tools have helped capitalize on pandemic-driven developments such as increased demand to minimize human interaction, a trend toward experience-rich wellness travel, and growth in demand for private air travel and car rentals.
Travel Tech broadly encompasses technology and software-enabled travel, hospitality, and tourism-related products and services including online search/booking, alternative accommodation, travel activity booking, and car rental and sharing. The travel tech landscape also includes products such as smart luggage products, services that digitize and automate the guest experience (e.g., check-in solutions), and B2B offerings for revenue management, distribution, and booking.
*Note: We do not actively cover this industry currently but we have identified it as a potential industry to cover.
Hopper is a travel app that uses predictive analytics to make travel recommendations. The mobile application uses big data to predict and analyze airfare and accommodations. Hopper provides travelers with the information they need to get the best deals on flights and hotels and notifies them when prices are at their predicted lowest points. In 2007, Frederic Lalonde and Joost Ouwerkerk co-founded Hopper in Montréal, Quebec.
Online search/booking platforms:
Alternative accommodation platforms:
Tours, events, and activities booking platforms:
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