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VIRUS OUTBREAK: BT EXCLUSIVE

Travel tech startups get wings clipped; seek ways to keep going

VIRUS OUTBREAK: BT EXCLUSIVE

Travel tech startups get wings clipped; seek ways to keep going

Many cutting costs and raising interim funds from investors to tide them through the lull; some experiencing drop in revenue of up to 60%
6 -min read
Listen to this article
Many cutting costs and raising interim funds from investors to tide them through the lull; some experiencing drop in revenue of up to 60%
6 -min read
Listen to this article

Singapore

TRAVEL and hospitality startups are seeing a drop in revenue following the Covid-19 outbreak, some by up to 60 per cent.

As the number of novel coronavirus infections continues to rise, many startups in South-east Asia are taking cost-cutting measures and raising interim...