Top 150 tech startups transforming the travel industry
Traveltech Trends 2017/2018 reveals the key trends & the game-changers to watch
Triptease, OneTwoTrip, Big Data for Humans, Oliver, SnapTravel and WEGOGO, are among the prestigious list of 150 most innovative tech startups tipped to transform the travel industry, according to new report on disruption trends released today.
Traveltech Trends 2017/18, a collaborative insights website and report from 3Sixty and Tällt Ventures, identifies and analyses the latest global technology trends and investments in the travel industry; profiling the world’s Top 150 startups and agile corporates re-imagining today’s products, services, and business models.
The unique content-rich website and downloadable report provides a deep-dive analysis of investment trends, across the entire customer journey from Inspiration & Search through to Post-Trip Experience, highlighting the startups blazing a trail across each sector. For travel corporates, investors and startups alike, it lifts the lid on the startups most influencing the future – the movers and shakers to emulate, invest in, or buy.
Scanning its database of 5m+ ventures, and using its unique disruption indicators, Tällt analyzed smart-money investment, company teams, tech trends, and sentiment scores to identify the biggest gamechangers. The result is a 150-strong index of the world’s most innovative Traveltech startups identified as having the potential to dramatically influence the entire industry.
- Traveltech 150 Index: the who’s who of the most innovative startups taking ‘disruption’ tactics and innovation to the next level
- The biggest analysis of emergent trends in the travel industry with unique data and forensic company profiling, across all sectors and geographies
- 66 of the 150 leading innovators are in North America and the UK claims 13
- 47% of the most disruptive Traveltech startups are headquartered outside of North America and the UK
- Tech ventures in the travel industry garnered over $2 billion in funding in Q1 & Q2 of 2017. Alongside this, digital sales within the industry are predicted to reach $818 billion by 2020
UK & Europe
The UK remains a key hub for tech innovation with 13 London-based startups making the list, compared with 30 (20%) for the whole of ‘rest of Europe’ combined. The top UK startups include:
- Triptease, a SaaS platform, designed to help hotels get ahead of OTAs and improve direct bookings
- AirPortr A luggage concierge service, AirPortr provides same-day luggage delivery from the airport to a customer’s location in London.
- AVUXI Created as a tool to increase market revenue for travel agencies, Avuxi ranks the popularity of locations around the world.
- Big Data for Humans A data science-as-a-service platform that provides automated customer insight for business management and marketing purposes.
- ly Aa travel memoir app that offers curated travel recommendations based on your interests, and can shape your journey into the form of a beautiful, map-based journal.
- OneTwoTrip A travel booking platform and mobile application that finds cheap deals for airlines and accommodation, and offers its own bonus loyalty scheme for travellers.
- Rentivo Provides SaaS solutions in property management, including payments, data handing and marketing.
- Revolut App-based banking, with a multi-currency card, that uses the best exchange rate possible to manage your money no matter where you are in the world
- SpeediFly A travel platform which provides personalised end-to-end booking for last minute trips.
- TruRating A point-of-purchase, real-time rating system, guaranteeing a verifiable source of feedback
- VChain Technology An SaaS verification solution for airlines and passport control, providing strategic and secure data sharing services.
- Zeelo A pop-up transport platform that aims to improve inter-urban travel by using data to generate unscheduled and direct coach routes.
- Esplorio, a trip-tracking app that automatically maps out your routes and uses your photos to create a visual digital travel diary
Unsurprisingly, Berlin has emerged as the European powerhouse and top German startups include Comtravo, which uses natural language processing and AI technology along with human travel experts to offer quick business travel booking via email, SMS, Skype or its self-booking platform.
North America tops the league table with 66 of the Top 150 players, including:
- Oliver, an online service that helps travellers get their visa to the US
- SnapTravel, a messaging service which utilises unsold hotel inventory to find highly discounted prices
- AllTheRooms, an accommodation search engine that provides results from hotels and rented homes, secret deal sites, hostels and more, saving customers from visiting dozens of different sites
The report also reveals how they pull it off: For example, SnapTravel is allowed to run its service because it operates as a private, 1-on-1 messaging service via SMS, Facebook, Viber or Slack.
The report findings that 47% of the most disruptive Traveltech startups are headquartered outside of North America and the UK, provided the most surprising data, with Asia currently accounting for (30) 20% of the Top 150.
The Asian gamechangers to watch include:
- WEGOGO, the AI travel platform that allows small travel businesses simple access to hundreds of millions of potential Chinese travelers
- Survaider, a SaaS (software-as-a-service) platform that aggregates customer feedback from all channels – be it social media, OTA reviews or elsewhere
Rome2Rio, a door-to-door travel planner that enables you to find a route to anywhere in the world from your current location, is one of the three leading Australian startups to make the
Stage wise: where the smart money is going along the customer journey
The report also reveals that the majority of disruptive ventures currently focus on developing products and services within the ‘Inspire & Search’ and ‘Booking & Travel’ stages. The ’On-Trip Experience’ stage is also receiving a lot of attention, with activities-based ventures such as Klook growing rapidly in number.
Founded in 2014, Klook is the biggest in-destination services booking platform in Asia. It has more than 10,000 activities listed in nearly 100 destinations, optimising the ability to completely customise itineraries both online and on the Klook mobile app.
Another key finding predicts that investors and tech ventures will switch their focus to the latter stages of the travel experience, as investment into ‘Search and Booking’ peaks.
The report gets under the skin of the five key tech trends currently disrupting the travel industry: Hyper-Personalisation; UX Enhancement; Anything-as-a-Service (XaaS); Sharing Economy and AI & ‘Smart’ Tech Solutions – and reveals where the lion’s share of investment is really going. And looking towards the future, the report analyses the four key tech trends tipped to disrupt the Travel industry in 2018: Big-Data Analysis; On-Demand Services; VR/AR Technology and Virtual Assistants.
Contribution from respected industry thought leader Katherine Grass, Head of Innovation for Amadeus Group, adds valuable insights, alongside ‘Future Thinking’ pieces from 3Sixty Creative Director, Jon Waring and Tällt Ventures CEO, Matt Connolly.
To read more and download the full report, visit www.traveltechtrends.com.