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Article - Top Travel Industry Predictions for 2024 from Phocuswright - With 2023 in our rear view, travel industry experts are now focused on the year ahead. 2024 is poised to be exciting and potentially disruptive on the heels of 2023?s wave-makers including the rapid adoption of generative artificial intelligence and increasing demand for experiential travel, among others trends. As we do at the start of each year, we have asked some of our trusted sources for their take on the year ahead.

With the global travel industry now picking up, online travel platform GetYourGuide continues to take flight.

We asked five CFOs how they're planning to sail through the choppy waters ahead

Travel startup GetYourGuide secures $97M revolving credit facility Many countries hit hard by COVID-19 are beginning to see a glimmer of optimism from the arrival of vaccinations. Now, a promising travel startup that saw its growth arrested by the arrival and persistence of the pandemic is announcing a $97 million financing facility to help it stay the course until it can finally resume normal business. GetYourGuide, the Berlin startup that curates, organizes and lets travelers and others book tours and other experiences, has secured a revolving credit facility of €80 million ($97 million a...

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more The pandemic has dramatically hurt the business of tours and activities operators. Yet, one of the largest online travel agencies for booking such experiences has had little problems getting access to funds. GetYourGuide, a Berlin-based agency, said Monday it had received a loan of $97 million (€80 million) from a consortium of banks, led by Unicredit. Why does GetYourGuide need the money? After all, its expenses dropped during the crisis, with less need to buy adverti...