Mauricio Prieto

📈 The Travel Tech Essentialist newsletter discusses the impact of choice overload and the need for confidence in selections. Travel products increased from 500 in 2010 to 10,000 by 2024, with Travelport advocating for better content management. The importance of seamless travel experiences is emphasized, with coordinated efforts in countries like Saudi Arabia, Singapore, and the UAE serving as examples. British Airways Holidays and Globetrender report 23% of UK consumers are inspired by TikTok for holidays, with 66% of 18-24-year-olds using it for ideas. US corporate travel spending is projected to reach 2019 levels by 2024's end with a 14-15% annual growth. Deloitte reports that 73% of travel managers expect increased spending in 2024. A December 2023 survey shows 38% of Gen Z and millennials prefer traditional travel agents. Spanish startup Exoticca raised a €60 million Series D, Faye raised $31 million in Series B, Holisto raised $10 million, Byway secured £5 million in Series A, and Valpas closed a €4 million Seed round.