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Booking.com Looks For Sustainable Travel Startups For $3.4 Mn Grants

According to media reports, Booking.com has announced the opening of applications for its 2020 Booking Booster program to support solutions in sustainable travel. Also, the global travel e-commerce company Booking.com has launched an additional fund for grants for select startups in its yearly accelerator program.
Global Vacation Stays company Booking.com was established in 1996 in Amsterdam. Booking.com works to empower people to experience the world and invests in digital technology that helps take the friction out of travel. The company connects travelers with varied options for the stay including apartments, vacation homes, 5-star luxury resorts, tree houses, etc.
Booking.com offers more than 29 Mn total reported accommodation listings, including more than 6.3 Mn listings alone of homes, apartments and other unique places to stay.
The 2020 program will be providing an opportunity to secure grants from the company’s $3.4 Mn fund to participants with innovative products and services, including accommodations
The 2020 program being the 4th one of the company’s funding campaign, it will have a huge  focus on the theme of ‘sustainable accommodation’.
The 2020 Booking Booster will bring startups, social enterprises, non-profit organizations and accommodations of all kinds together directly to explore solutions to become more sustainable.
The 2020 Booking Booster will consist of two complementary 10-day program exclusively focused on sustainable accommodation:
  • In May for organisations with innovative products and services to help accommodations become more sustainable. 
  • In September for accommodations themselves, including those that are just starting their sustainability journey
The participants from both sessions will present live on stage at the Booking Booster finale in September to secure scaling grants from the company’s $3.4 Mn fund.

Rob Ransom, vice president of strategy and corporate development at Booking.com said, “Bringing together products and services developed by startups and organizations from around the world with practical case studies from leading sustainable properties will accelerate our collective efforts to make every stay a sustainable one.”

In the program, participants are paired with the mentors from Booking.com to provide guidance and support on certain topics. Regardless of potential funding, mentors continue to support participants even after the program comes to a close. The program will connect the participants with access to even more number of experts to assist throughout their journey.
According to the World Travel and Tourism Council (WTTC), last year, travel and tourism grew 3.9%, contributing a record $8.8 Tn and 319 mn jobs to the world economy. The report also found that the travel and tourism industry generated 10.4% of all global economic activity last year.
This data supports the motive of the Booking Booster program 2020 to help increase the business efficiency of the startups joining the program.

Authored by Soham Angal , Content Head (Startup Monk)

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