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, tours, events, and activities booking platforms, 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 accurately predicts future flights and hotel prices and notifies users about instant deals. Users can book flights, hotels, or cars; get notifications; and freeze prices. The company’s apps have been installed over 68 million times and more than 195 million trips have been planned through the platform. Headquartered in Montreal, Canada, the company is privately held. It acquired PlacePass in 2021, Smoos in 2022, GDX Travels in 2019, and Alaska Air in 2016.
Online search/booking platforms:
Alternative accommodation platforms:
Tours, events, and activities booking platforms:
No investor data is available