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Come on, travel startups: Please innovate and stop replicating!

11/22/2012| 9:53:41 AM| 中文

Travel startups should come up with new business models, or tackling an actual industry challenge/shortcomings to deliver large, sustainable, and long-term profitability.

NB: This is a guest article by Andrey Spektor, founding CEO of Carsolize.

The travel industry is flooded with venture capital investment. Millions of Dollars and Euros are poured into a multitude of travel startups all the time.

One would expect these investments to result in exponential technological progress of the industry – however, a closer look reveals that most of the funding is spent on so-called concept interfaces, most linking back to established OTAs for content and booking services.

Read full story at: http://www.tnooz.com/2012/11/19/news/come-on-travel-startups-please-innovate-and-stop-replicating/

TAGS: entrepreneurship | Expedia | OTA
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