Bruce Poon Tip, founder of travel company G Adventures, recently suggested that the collective travel industry could be considered the largest startup in the world today.
Now, you could argue that’s a bit of a stretch. Or even an oversimplification.
However, it is a perspective worth exploring.
Many businesses in and around the travel space have been decimated and effectively brought back to zero as a result of the COVID-19 crisis.
So, assuming that the travel industry does recover again at some stage, many of the old legacy players will no longer have their massive moats and barriers to entry.
The landscape will indeed be ripe for disruption.
Perfect conditions for startups.
#travelindustry #startups #opportunity
NB: Thanks to Dennis Schaal for the tweet!