Science and Tech

In search of innovation: Hotelbeds and Wayra launch TravelTech Lab

In search of innovation: Hotelbeds and Wayra launch TravelTech Lab

Hotelbeds and Wayra, the open innovation hub of Telefonica Movistar, have partnered to create the TravelTech Lab by Hotelbeds to reshape the future of travel.

(Raising rates is inevitable for hoteliers.)

Leading companies in their respective fields of Travel Tech and innovation will work together for the next 15 months supporting startups in Latin America to explore innovative technology-based solutions that change the way travelers move, connect and explore.

In the last year, hotelbeds has undergone a transformation, from being a bedbank to a leading company in B2B Travel Tech. His philosophy of reshaping the travel ecosystem has fueled his partnership with Wayra.

Coinciding with the global implementation of the TravelTech Lab, Hotelbeds and Wayra They have also launched their first challenge for startups in Latin America. Its objective is to receive proposals from entrepreneurs with business plans to connect the stakeholders of the global travel ecosystem and create a seamless experience for the traveler.

Startups selected to join the hub will be able to benefit from investments, including grants of up to $40,000 from Hotelbeds to bring their ideas to life, as well as expert advice and guidance, support and business development opportunities from the leaders of both companies. .

(New capsule bedrooms open in Bogotá shopping center).

Nicolas Huss, CEO of Hotelbeds, has stated: “Hotelbeds and Wayra are two like-minded companies, both focused on finding the next big technological revolution that will reshape the global travel landscape. We’ve seen the ecosystem change recently and have been actively working to reduce friction across the spectrum of travel. Now, joining forces with Wayra is an exciting opportunity to accelerate these plans and solidify our position as the world leader in TravelTech, while supporting the next generation of tech startups looking to create innovative products, bring them to market and
scale their business”
.

Irene Gómez Luque, Director of Telefónica Open Innovation, added: “Collaborating in the creation of the TravelTech Lab by Hotelbeds is an exciting project to which we are delighted to lend all our experience in the international entrepreneurial ecosystem. Together we will navigate in search of the most innovative startups in the travel and tourism sector that can create a real impact on the business and help in its digital transformation”.

Entrepreneurs are encouraged to visit the website traveltechlab.net for more information and to apply for the challenge. The submission period ends on March 31 and the winners will be announced in May 2023.

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