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.
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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 register for
The Phocuswright Conference, November 14 to 17, in Phoenix, Arizona.
Phocuswright Conference 2022
Executive Panel: Street Talk