Hotelbeds and Telefónica Movistar’s open innovation hub, Wayra, have formed an alliance to create Hotelbeds’ TravelTech Lab, whose mission is to redesign the future of travel.

The idea is that leading companies in their respective TravelTech and innovation fields will be working together for the next 15 months. supporting initiatives in Latin America with innovative technology-driven solutions that are changing the way travelers move, connect and discover.

Last year, Hotelbeds underwent a transformation. Bed bank to a leading company in B2B TravelTech. So it’s a tech-based travel company.

Now, together with Wayra, they have launched this first challenge for startups in Latin America. Recommendations from entrepreneurs with business plans to connect stakeholders in 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 your ideas to lifeas well as expert advice and guidance, support and business development opportunities from the leaders of both companies.

“Recently we have seen the ecosystem change and we are actively working to reduce friction in the travel spectrum. Now is an exciting opportunity to join forces with Wayra, accelerate these plans and solidify our position to create innovative products, bring them to market and
Hotelbeds CEO Nicolas Huss said, “Scale their business.

Also, those interested can benefit from Wayra’s experience in the international entrepreneurial ecosystem, thereby making a real impact on the business and helping its digital transformation.

Those interested in this call can visit the conditions on the traveltechlab.net website for more information and to submit their candidacy for the competition. The application period ends on March 28 and the winners will be announced in May 2023.

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Source: Exame

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