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From Buzz to Boom: The Evolution of PhocusWire’s Top 25 Travel Startups in 2021 – Image Credit Unsplash
Many travel startups on PhocusWire’s Hot 25 list for 2021 have adapted and thrived despite the challenges posed by the pandemic.
PhocusWire’s annual Hot 25 list showcases the most promising travel startups expected to make a significant impact in the industry each year. Despite the unprecedented challenges brought about by the COVID-19 pandemic, many companies on the 2021 list have demonstrated resilience and innovation, enabling them to adapt and thrive amidst adversity.
One such company is BeRightBack (BRB), a UK-based subscription travel service. During the pandemic, BRB pivoted its business model to focus on domestic tourism. The company partnered with Visit Britain to promote local travel experiences within the UK, which helped it maintain momentum throughout the year.
Another startup that has shown remarkable flexibility is Duffel, a global airline distribution system. During the pandemic, Duffel secured new partnerships with airlines such as American Airlines and Lufthansa Group, which allowed Duffel to expand its services and strengthen its position in the market.
Similarly, Stasher, a luggage storage service operating in over 250 cities worldwide, managed to diversify its services during the pandemic. Recognizing that decreased international travel would affect its traditional business model, Stasher began offering storage solutions for remote workers and students who needed space for their belongings during lockdowns.
In addition to these success stories, startups like Easol and Hopper made notable progress in 2021. Easol raised $4.5 million in seed funding for its experience-commerce platform, while Hopper secured $170 million in capital funding despite facing severe financial difficulties at the start of the pandemic.
This review of the Hot 25 list highlights the resilience and adaptability of travel startups in the face of unprecedented challenges. These companies have survived and thrived by embracing change, forging new partnerships, and diversifying their services. Their success provides valuable lessons for other businesses navigating the ongoing effects of the pandemic.
Despite a challenging year for the travel industry, many startups on PhocusWire’s Hot 25 list for 2021 have shown remarkable resilience and innovation. Their ability to adapt and thrive amidst adversity demonstrates the potential for continued growth and success in the post-pandemic world.
