Virtuoso Launches its First-Ever Travel Tech Summit

Caribbean News…
06 August 2022 8:34pm

Virtuoso®, the leading global network specializing in luxury and experiential travel, is hosting its first-ever Travel Tech Summit, taking place August 14th at ARIA Resort & Casino from 10:00am to 1:00 pm, during its Virtuoso Travel Week event.

The summit will consist of three distinct components: a Big Ideas Session featuring multiple speakers addressing tech strategies that are driving the industry forward; a VC Panel focused on the innovations and longer-term opportunities that investors are seeking and funding; and a Startup Showcase featuring companies that are addressing obstacles the travel industry is currently facing. 

Led by tech entrepreneur and investor, as well as Virtuoso board member, Gilad Berenstein, with Virtuoso Senior Vice President, Digital & Consumer Products Travis McElfresh among the Big Idea speakers, Virtuoso is putting technology on center-stage to support its long-held belief that its network is best served by having a choice when it comes to tech solutions.

"Innovating and pushing boundaries is something Virtuoso has always embraced," says Virtuoso Chairman and CEO Matthew D. Upchurch. "Our Incubator program helped launch some of the travel tech players that are core to our business today. This Travel Tech Summit is just our next step in furthering innovation and ensuring that travel technology benefits our agencies, advisors and the partners who work with us. We believe in fostering technology that enhances the value of human connection. As I've been saying for more than 20 years, automate the predictable so that you can humanize the exceptional."

The summit will begin with a wide, macro view and go through phases that eventually narrow down to the grassroots level. Berenstein will kick off the sessions with a broad overview addressing five key themes: the optimization of everything; financialization of travel and how it leads to better consumer experiences; the role of creators and influencers; aggregation and super apps; and emerging technologies focused on the Metaverse and Web3.

This opening presentation tees up the four Big Ideas speakers, who will dive deeper into each category. Next, the venture capitalist panel will weigh in with their perspective as investors. Finally, the Startup Showcase will feature five new companies that are developing solutions to ease travel industry pain-points and are demonstrating real-world application.

"After attending so many industry events, both open and closed, it seemed to me there was no home for innovators focused on luxury travel and the advisor/agency model," said Berenstein. "The goal of this summit is to bring together some of the top minds in the industry, from the largest innovators, to those funding development, to the entrepreneurs and start-ups bringing these visions to life."

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