Amid economic and geopolitical uncertainty, the travel industry anticipates a 12% increase in demand, equating to 1.75 billion arrivals this year. Mews, a hotel management SaaS provider, has raised $75 million to meet this growing demand, following successful fundraising by other travel tech startups. However, the sector faces challenges, including potential impacts from tariffs and layoffs at major companies. Investors like Tiger Global recognized the opportunity in this climate, leading Mews' funding round. Mews' CEO Matt Welle emphasized the opportunistic nature of their latest funding amid industry dynamics.
Mews' CEO Matt Welle described the current funding round as opportunistic, following Tiger Global's approach to collaborate with the company amid industry uncertainty.
Despite economic challenges, travel demand is predicted to grow by 12% this year, leading to the necessity for investment in travel tech like Mews.
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