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Travel Technology’s role in dealing with COVID-19

Travel Technologys Role in Dealing with Covid-19
2 min.

It is no secret that COVID-19 has wrecked millions of people’s dreams and plans for a vacation, relaxation, annual leave, and clearing their heads from the day-to-day issues on their minds.

Also, for those who work in the travel industry, like individual travel agents, travel agencies (Online and offline), consultants, operators, tour guides and more, an even worse situation is presented, as their work has stopped with no clear vision of when the industry will recover and get its wheels running again. 

As COVID-19 hit everyone in the travel industry, it makes sense that travel companies would first look at the financial forecasts that come from future sales of travel products. It is time to start thinking about ways to keep their boat sailing smoothly as COVID-19’s impact continues.

When the pandemic started, travel companies paused all of their activities and business communication to deal with a blizzard inside their companies, starting from refunding their clients and organizing their data through re-arrangement of the entire company. Now that we are five months into this uncertainty, travel companies are becoming more open to discussions, new ideas, solutions, and general communication for future purposes. 

The 2020 Q2 vs Q1 analysis gave us the proof of this, as we at Hotelmize started to see the change in decision-makers’ will and demand to hear about our solution that will help them increase their business profitability.

According to articles and Travel professionals, the forecast for travel products sales post-COVID or with fewer regulations is a sharp increase, as travelers start to re-occupy the plains, slowly but safely. For travel companies, the solution for handling this amount of data is purely technological. The faster you will acknowledge that, the better benefit to the company.

This is exactly where we kick in. Our automated solution was not only listed as one of the hottest startups for 2020 by PhocusWire magazine, but it was found crucial and highly relevant in this period, and it was also chosen as one of the most disruptive solutions to mitigate COVID-19’s impact on tourism last April by UNWTO. 

Dor Krubiner, CEO of Hotelmize, recently mentioned in his “Asymmetrical Room Matching” article that “following our successful funding round from Alibaba and Gobi VC, we continued to focus our efforts on our technology.” Hotelmize decided to keep investing in new technology now, so the outcome performance would be even higher than expected.

For travel companies who wish to recover and balance their revenues faster, they must think ahead and try to finish 2020 as strong as possible, along with fast ROI tools. The recommendation is to set the technological grounds while the market recovers, as there will be no time to do so once the industry gets back to normal times.

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Mize is the leading hotel booking optimization solution in the world. With over 170 partners using our fintech products, Mize creates new extra profit for the hotel booking industry using its fully automated proprietary technology and has generated hundreds of millions of dollars in revenue across its suite of products for its partners. Mize was founded in 2016 with its headquarters in Tel Aviv and offices worldwide.

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