The term TravelTech describes the digitalization of the travel and tourism industry.

The travel and tourism industry is a cross-sectional industry and therefore comprises several other sectors. On the one hand it is the catering industry with e.g. hotels, but on the other hand also companies offering services in the transport sector to transport travellers to their final destination. Also included are companies that sell digital services or digital products to hotels as well as travel portals itself. Thus TravelTech characterizes the use of the opportunities of digitization by these industries and companies to improve value creation or processes, to create new business models or to offer their customers completely new added value.

In order to develop new business models, the use of the Business Model Canvas is recommended.

Why this is interesting for a Chief Digital Officer (CDO)?
Classical industries are affected by the disruptive upheaval. This means that companies have to change into technology companies. This change of business in tech describes BusinessTech. These are often compound words from the classic industry + tech. For example Finance + Tech = Fintech.

See also (glossary BusinessTech): Why this is interesting for a Chief Digital Officer (CDO)?
The business model canvas is the de-facto standard for business models, especially in the digital world. That is why it is important for Chief Digital Officer (CDO).
See also (glossary Business Model Canvas):

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Jan

My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.

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