Category: Travel Industry
Notes on the travel industry spanning travel startups, travel technology, travel blockchain, travel payments, travel training and much more.
A Nuanced Time To Invest In Travel
The travel industry is NOT experiencing the case of "rising tides lift all boats"; the tide (for the travel industry) isn't rising that fast, nor as broadly, to warrant this characterization, in my opinion, as of Sep 2022. At the moment and in the future, successfully investing in travel requires an experienced travel industry veteran point of view to know where to invest and where to avoid. You cannot just be savvy and have money and expect a positive return (in my experience).
Significant Change Enables Significant Opportunities
People ask if the pandemic is forcing me to switch away from exclusively investing in travel companies versus opening up our mandate for other industries, to which my response is a resounding NO. Absolutely not; it's more profitable to make travel investments with the industry turning the corner on COVID (tangibly and in sentiment). One notion from last week's discussion with Jean-Francois that particularly resonated was how significant change - everyone knows the travel industry has experienced and continues to - enables lucrative opportunities.
There’s not enough focus on 2023 being a worse year than 2022.
Every projection --- IMF, World Bank, Industry Analysts, WSJ, Bloomberg --- I read is not just worse next year, but significantly worse.
Reduction in Summer 2022 global travel growth (and why).
I am cutting (global) travel industry growth targets by 15% for June/July/August summer travel. GDP growth reduction, skyrocketing inflation, consumer price increases, central bank rate increases and additional contributing factors (staff shortages, low morale..).
Why Mideast OTA’s struggle.
Mideast OTA’s simply don’t, don’t to the same level of success or been too slow in executing the right strategy.