Charting the rise of SPACs in online travel
07/29/2021|6:12:35 PM|PhocusWire

The travel unicorn landscape has been turned on its head in the past 18 months by the pandemic as well as the rise of public listings via special purpose acquisition companies (SPAC).

Travel and Mobility Tech (TNMT), which tracks companies in the space, recently revealed the growth of unicorns in travel from 22 in 2018 to 45 at the end of 2019 and 49 at the end of 2020.

The total is only 36 now.

While TNMT, the insight arm of Lufthansa Innovation Hub, had notables such as Airbnb, Gojek, Didi and Yanolja on the unicorn list two years ago, many of these companies have now gone public.

Others, a total of eight including Sonder, Grab, Traveloka and Tiket, have plans to exit via SPAC.

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