Adam Harris travel tips

Before the pandemic hit, hotels had spent roughly 2.5 percent of revenue on new technologies. The size of that investment dropped during the pandemic.

Hotel tech startup Mews said Thursday that it has secured $100 million in venture credit to fuel more acquisitions. 

Good morning from Skift. It’s Thursday, July 25, and here’s what you need to know about the business of travel today. 

There have been numerous travel tech acquisitions just in the past few months. Many of those deals grew client numbers for the buyers, expanding the footprints for those companies overnight. 

Adam Harris, the CEO of hotel management software company Cloudbeds, has a great no-nonsense grasp of the macro – and micro – environment in the startup fundraising world, a fact that I learned in a few back and forth LinkedIn messages and subsequent calls between us gossiping about the travel tech startups that were raising money or got sold for pennies on the dollar in the last few months.