Phocuswright
's annual
State of Startups Report
is the industry's most compehensive overview of new businesses in travel.
The report has tracked the digital travel startup landscape since 2009 and is a benchmark of the investments made into the sector and what types of businesses have emerged each year.
Pandemic-battered 2020 has not been a happy place for the travel, tourism and hospitality industry, with every corner of the market impacted.
The travel startup landscape has also not escaped the grim effects of layoffs and the huge drops in demand from travelers and demands for new technology and services from partners.
After 2019, a year in which
$7.4 billion of investment went into travel startups
,
activity in 202
0 was inevitably going be way down in most of the main measurement metrics.
Ahead of the release of the full 2021 report, Mike Coletta, Phocuswright's manager for research and innovation, outlined some early findings in this week's
PhocusWire Pulse: Startups In The Spotlight
event.
His full presentation is included below...
PhocusWire Pulse: Startups In The Spotlight - The State Of Startups 2021