Currently, global travel and tourism are among the most valuable business industries. The online travel market is showing growth.
Entrepreneurs from around the world are devising groundbreaking solutions, addressing travelers’ pain points and eliminating prior inefficiencies in user experience and travel business management.
Online travel companies have raised more than $1 billion in venture capital funding in the last five years. This group includes travel and tourism apps, marketplaces, travel tech platforms and short-term rental startups.
It all sounds very promising, but is the online travel industry easy to get into, survive and grow? What should you pay attention to before you begin?
- Financial challenges of online travel startups
- Ways to resolve the largest pain points of travel startups to stay out
- List of questions to make sure you’ve got a solid plan
- Product-market fit and poor UX