Hot 25 Travel Startups for 2023: TravelX

TravelX is founded by Juan Pablo Lafosse, who has created, scaled and exited several travel companies (his last venture had reached $500 million gross merchandise value and sold for $75 million) and Facundo Díaz, another serial entrepreneur, former Accenture director and pioneer in VR/metaverse and Web 3 technology.

Led by a team of tech and industry veterans with a track record of pioneering change, TravelX is the company behind the blockchain-based distribution protocol designed to create a more secure, decentralized, frictionless, transparent and efficient travel industry. The company's technology allows airlines to more efficiently manage their inventory and tokenize their inventory into NFTs, unleashing use cases that enhance both travelers' flexibility and suppliers' profitability.

PhocusWire coverage

• First NFT flight ticket sells for $1M in live auction
• TravelX, Air Europa launch NFT flight series
• TravelX nabs $10M for blockchain driven distribution
  

  Founders Juan Pablo Lafosse and Facundo Díaz

Strategic goals for 20203
TravelX will continue to expand the travel industry's first blockchain-based distribution and retailing infrastructure that airlines are adopting to tokenize inventory and distribute it as NFTickets, accelerating its global adoption to make NFTickets the new industry standard.

As we have already engaged more than 50 airlines representing one billion passengers and $500 million-plus in potential revenues and partnered with IATA and associations such as ALTA, AACO, and CAPA to accelerate airline adoption, TravelX is aiming to grow its reach while building out additional partnerships.

Lessons learned since founding
I never stop surprising myself of how being a founder comes with difficulties and how sometimes the almost impossible can be achieved by having a talented, passionate and focus-driven team.

Being in the travel industry for the past 30 years, I founded several companies. With entrepreneurship comes highs and lows, ultimately leading to some key lessons learned. The travel industry moves very fast, things are always evolving and expanding, and it’s up to us to keep up with it. It’s always important to try and be ahead of the game and think about what your consumers need not only in real-time but down the road.

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