Travel Innovation: The State of Startups 2005-2014

Summary

Every year, hopeful entrepreneurs create hundreds of companies targeting online travel. The best apply innovative technology and/or business models to find creative solutions to real problems within travel, tourism and hospitality. Many startups launch. Some thrive, some fail. A handful achieve stratospheric success that permanently transforms the industry.  

Established in 2008, The Travel Innovation Summit@The Phocuswright Conference and Phocuswright Europe is the industry's premier showcase for innovative travel technologies and applications. Since its inception, The Travel Innovation Summit has featured 139 travel startups. Phocuswright closely follows travel startup and investment developments worldwide, publishing the results in its "State of Startups" spotlight, now in its fourth edition.

This analysis tracks the global travel startup landscape from 2005 to 2014, examining almost a thousand startups founded during this period. The article breaks out startup developments and funding by region, with detailed analysis by both vertical (i.e., travel segment) and horizontal (i.e., technology, medium or business focus).