When Adventure Engine was a start-up over 10 years ago the market was a lot less crowded. Nowadays it seems there are new start-ups daily. These start ups have an amazingly poor success rate and in this article by Kevin May at Tnooz. Here’s an excerpt.
” It is actually difficult to accurately determine the fate of so many of the travel start-ups that have emerged in the past few years.
Our guess is that of the 600+ startups that we have covered by way of our TLabs series, at least half to two-thirds are no longer in operation.
And that is an extremely conservative estimate.”
We also agree with the author when he says, “Those working at the established brands in the travel industry should be challenged – even threatened – by the bright young things at the head of travel start-ups which seem to emerge almost on a weekly basis.
So let’s keep building – and championing – consumer-facing travel start-ups, but let’s also have a few swigs from the Realism Medicine bottle at the beginning and at regular intervals throughout.”
– See more at: http://www.tnooz.com/article/consumer-facing-travel-startups-hiding-nothing/#sthash.YVoTTGz3.dpuf