19 Apr '12, 12am

ImpulseFlyer joins Neoteny Labs family

ImpulseFlyer is a luxury and boutique hotel-specific private sale platform with Asia Pacific inventory that is co-founded by Steven Gong (CEO) and Andy Croll (CTO). I am happy to announce that we led an investment in ImpulseFlyer, and would like to welcome them to the Neoteny Labs family. Despite the apparent dominance of bigger players in the region like Agoda, Zuji, Asiatravel, Asiarooms and entry by global players such as Expedia, Hotels.com and Booking.com , the travel sector is still a growth industry as the middle class in emerging economies of Asia Pacific continue their climb up the rungs of the economic ladder. The growing segment of middle class consumers – emboldened by higher per-capita GDP and their interactions on the internet through computers and mobile phones – will experience wanderlust and yearn for travel. Tourists from beyond Asia Pacific are also draw...

Full article: http://neotenylabs.com/2012/04/impulseflyer-joins-neoteny...

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