The travel industry is growing from year to year, trips currently make up over 10% of global GDP, and just last year, trip expenses around the world exceeded $8 billion. The growth of this market brings technological development. The spectacular successes of such companies as Airbnb or Uber show that innovation in the industry is inevitable. The first Travel Tech Hub in Central Europe was created on the canvas of industry leaders’ experience and networking – as a place supporting startups related to the travel industry.
Travel Tech Hub is the initiative of three, independent, international companies providing advanced technology for the travel and IT industries: Amadeus, Hotailors and TenderHut. It is dedicated to all companies interested in developing technologies for the tourism industry. It is there for startups with their initial concept, companies testing new solutions and players who are planning to enter new markets. – We also encourage mature companies looking for solutions or willing to share experience to take part. We are keen to combine ideas with technologies already in existence, because we can do more together – says Filip Bloch, CEO of Hotailors.
Travel Tech Hub offers access to needed technologies, substantive workshops with experienced experts from global companies, mentoring, networking with diverse entities on the market as well as invitations to special events, and through all of this, access to global trends in the technology and travel industry. – This is an educational system that works like a club for all those interested in developing technology for the tourism industry. Along with our partners, we organize networking events that foster business relations between startups, technology suppliers, experts from the travel industry and potential investors – adds Paweł Rek, Regional Director for CEE at Amadeus.
The initiative fills a gap that was left untended until now. 70% of travelers actively use their smartphones on trips, not only to reserve hotels and tickets, but also to search for locations, restaurants or assistance in their shopping (Google Insights, 2018). The dynamic of growing smartphone use determines the market's demand for new products and technological solutions. - We have noticed a large niche, and even a disproportion, when it comes to the growth dynamics of individual technological sectors. For example, the rapidly growing fintech, healthtech and edutech sectors do not have a counterpart in the travel industry. Is that a bad signal? Quite the opposite – it's great! It means that there is a lot of work ahead of us and even more opportunities – says Robert Strzelecki, CEO of TenderHut Group.
Travel Tech Hub was founded by experienced players on the IT and travel market. The combination of their knowledge and systemic solutions will create synergy and stimulate startups to grow and develop the travel industry. And there are fitting role models here: Amadeus provides technologies that drive the tourism sector and does business in 195 countries, employing a global team of over 16,000 people. Hotailors is a rapidly growing Polish startup that provides software for companies utilizing aritificial intelligence for effective management of business trips. The third initiator of Travel Tech Hub is TenderHut, a technology leader that, besides creating software for big players in the travel industry, is also the creator of a bot based on machine learning – a travel assistant that can do check-ins independently even in the case of layover flights with more than one carrier.
The project has a reach that spans Central Europe. First, it is starting in Warsaw, but individual events will take place wherever the founders see potential for growth.
– Our ambition is to create the largest travel tech community in the world, which will provide mutual support, establish business contacts and share business cases. Białystok or Prague? Slovenia, Belarus? These all seem to be excellent directions for expansion. We invite you to follow our official FB page: https://www.facebook.com/traveltechhubce/ – adds Marta Skrzypiec, Marketing & PR Hotailors.