Madrid-based Amadeus has recently announced its plan to foray into venture capital industry and invest into travel and hospitality startups.
The main objective of Amadeus Ventures is to make early stage investments into startups working in the field of travel and hospitality, given that the startup should have some kind of technology deployed as a backbone. Moreover, the startups should have already developed a working prototype and focus on niche areas/sectors that Amadeus believes are at the forefront of developing market trends.
Startups selected will get operational assistance from Amadeus, gain industry knowledge, IT capabilities etc.
“Nowadays, with consumers rapidly adopting new products, open source platforms prevailing and an ever increasing number of new entrants, being a leader also means helping to nurture new ventures and startups in the travel and hospitality space. It is just as important to us that we encourage innovation for the travel industry, since innovation is part of Amadeus’ DNA,” announced the company in a blog post.
Amadeus Venture had earlier led investments in airfare price insurance service provider Yaptra. The company has developed FareIQ, an Intelligent Price tracking technology which provides in-depth, 24×7 analysis and insights into corporate airfares, spotlighting opportunities to re-ticket identical itineraries at lower prices.
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