Hotelbeds Group, a global provider of travel services and part of TUI Group, is to be the lead partner of the The Traveltech Lab, the recently launched incubator for travel tech companies based in London.
Under the three-year agreement, Hotelbeds Group will provide support to the Traveltech Lab, including mentoring by Hotelbeds Group experts for the incubator’s startups.
The Traveltech Lab was created by London & Partners, the Mayor’s promotional company for London. The incubator aims to help London become the number one city in the world for travel technology. The Traveltech Lab is a high-spec workspace designed for 30 people and is co-located in the offices of London & Partners.
“Hotelbeds Group’s support of the Traveltech Lab will enable the company to play a key role in shaping the future of the global travel industry through aiding the development of new innovations and companies in the sector”, said Hotelbeds managing director Joan Vilà.
He said: “The Traveltech Lab project will give us the opportunity to closely monitor the latest trends in travel innovation first hand, while backing the growth of new companies that could have a significant impact on the travel sector.”
Gordon Innes, CEO of London & Partners, said: “Securing a lead partner of the calibre of Hotelbeds Group is a superb endorsement of the Traveltech Lab, showing that the very best names in the travel industry are firmly behind the development of this exciting sector.
“For the startups in the incubator, having links with major corporate bodies such as Hotelbeds Group will be hugely helpful, providing mentoring and guidance that will enable them to realise their ideas more easily and grow more quickly.”
The Traveltech Lab is also supported by Gatwick Airport. The first group of companies working in the lab include PhotoSpotLand, Lulutrip, Epteca, MICEbook, Timelooper, Great Little Places, Wooia, Touriocity, Beaconia, bd4travel, GreatDest and Much Better Adventures.