$250 USDAnalyst: Caryn Smith
The US$1.2 trillion global travel industry is accustomed to innovation. New technologies have sparked imaginations and spurred thousands of companies, from startups to established businesses, to create the means to better serve suppliers and travelers. But innovations also mean challenges – in the form of disruptions and transformations to the industry – and result in successes and failures along the way.
Since 2008, Phocuswright’s Travel Innovation Summit (TIS) has provided a platform for an elite group of industry visionaries to promote their ideas globally, gaining new partners, customers and suppliers in the process. And they’ve received monetary support; to date, 153 TIS innovators have realized more than $1.3 billion in funding
and acquisitions (excluding IPOs).