In the Future of Travel Experience, Jeffrey Katz, CEO of Journera and founding CEO of Orbitz, goes one-to-one with fellow leaders to get their insights on how advanced technology and changing consumer expectations will shape the future of the industry.
When you look at the travel industry overall, how do you see the opportunity for change?
There are a number of monster markets that have been somewhat immune to disruption.
Healthcare has been slow. Education has been slow. I actually think travel is one that has been pretty hospitable to entrepreneurs and innovation.
So, with the wind at your back in a market like this, I think there's a ton of opportunity for companies to come in and carve out big niches.
Andreessen Horowitz has made some significant investments in the travel and mobility sectors, like Lyft, Airbnb and TripActions. What excites you about what's happening in travel today?
There's a huge macro shift from analog to digital that's happening in multiple verticals. It's clearly been happening in travel.
Tell us what you believe we should be more focused on from a high-level view in the travel industry?
Travel is inherently global and that's come home to me, particularly with the Airbnb experience. They have a network effect that is global.
The more people around the world who host and travel on Airbnb, the more valuable their network becomes.
I think a lot of the executions we still see are highly regional. So, what's generally missing in travel still is global.
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Darren Huston
Short StoryDarren Huston (born 3 January 1966) is a Canadian businessman was the president and chief executive officer (CEO) of Priceline, Currently he is a CEO of BlackPines Capital Advisors. Residence - Amsterdam, Netherlands Nationality - Canadian Alma mate...
