Roundup: Web3 Is Proving Its Value in Travel

Summary

Following a long buildup-and-hype period, 2023 is proving to be a pivotal year for Web3: These decentralized technologies are now delivering concrete, measurable value to the travel industry. Over the past several years, a diverse set of new Web3 companies have emerged, and many are already driving change in the travel space. Startups continue emerging, providing travelers with new capabilities and flexibilities while impacting overall cost of distribution and settlement for industry players.

Part of a content series that explores some of the most significant technology-driven trends that will influence travel distribution in 2023 and beyond, this article highlights 17 companies that are implementing Web3 technology, and focuses on:

• How these organizations are leveraging Web3
• Description of the specific value-add being provided to the travel industry
• Assessment of current progress, achievements and challenges
• Outlook for 2023 and beyond