How Montreal Quietly Became the World’s Second Most Important Travel Tech Hub
Summary
Montreal has emerged as a major travel tech hub, rivalling Silicon Valley in infrastructure development. Companies in the city have created a $15 billion travel tech ecosystem, focusing on essential functions like payment systems and compliance APIs. This presents opportunities for hosts by supporting the broader travel industry.
Key Insights
- •Montreal's tech ecosystem focuses on the 'plumbing' of travel, including payment systems, compliance APIs, and affiliate routing systems.
- •The combined enterprise value of travel tech companies built in Montreal exceeds $15 billion.
Action Items
- ✓Consider how advancements in areas like payment processing and compliance can improve your STR operations.Effort: lowImpact: medium
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