The Covid-19 pandemic has severely impacted the global travel and tourism industry. According to the United Nations World Tourism Organisation, the pandemic caused a 22 per cent fall in international tourist arrivals during the first quarter of 2020 and predicted that the annual decline could be between 60 – 80 per cent. Despite that, Munich-based Holidu had turned profitable and had also raised funding from former Booking.com CEO Kees Koolen.
And today, the traveltech company announced that it has secured $45M (approx €37.1M) in its Series D round of funding. The round was led by 83North. Including this round, the company has raised more than $120M (approx €99.16M) in funding, to date.