Money – and the companies getting it and those struggling to hold onto it – has been a hot topic this year as the travel industry has, in many sectors, surged forward while also facing macroeconomic headwinds.
Consider that Phocuswright’s latest State of Travel Startups report finds funding to startups surged to $12.5 billion in 2021 - exceeding the previous high of $8.3 billion in 2019 – and was at $7.4 billion for this year through mid-September.
There has also been consolidation through acquisitions – including several by property management platform Guesty on the heels of raising $170 million in Series E funding. In Latin America, Casai and Nomah merged, and in February DoveVivo acquired Altido to create what the companies say is the largest residential management platform in Europe.
Meanwhile some of the industry’s titans have been roaring back, with Expedia Group reporting its highest lodging bookings in the company’s history in the second quarter and highest Q2 revenue and adjusted EBITDA.
And yet, the current economic indicators are a cautionary note.
At The Phocuswright Conference 2022, a panel of Wall Street analysts will share their thoughts on where the money, the market and its movers will go next.
Evercore senior managing director Mark Mahaney, UBS managing director Lloyd Walmsley and Truist Securities director Naved Khan will take the stage to provide perspective on what they expect to see in the coming year for the world’s largest industry – travel, tourism and hospitality.
Click here now to learn more about the Phocuswright Conference, November 14 to 17, in Phoenix, Arizona., November 14 to 17, in Phoenix, Arizona.