Transat reports $29.2M Q2 loss, revenue more than doubled from year ago

Exoticca secures $67 million in funding amid strong sales

BARCELONA — Exoticca has secured $67 million in funding to accelerate its growth and innovation in the travel industry.

The company is on a mission to level up tech capability, enabling travel agencies to offer real-time pricing and availability.

“While the rest of the travel industry has become digitized, the multi-day tour space has remained stagnant, with customers stuck with inconsistent, time-consuming booking experiences. Exoticca’s mission is to bring multi-day tour packages into the digital age, making dream trips accessible and affordable to everyone. The new funding will accelerate our vision and allow us to substantially increase our investment in technology, product and growth,” says Exoticca CEO Pere Vallès.

Exoticca’s bespoke technology connects the different services (i.e. flights, hotels, meals, transfers, transportation and activities) required to book multi-day tours, connecting local companies at destination with travel agencies and other online players.

Vallès says that by digitizing all parts of the booking process, Exoticca has cut the process of booking complex long-haul trips down to minutes and can guarantee customers the best prices.

Vallès adds that this latest injection of funding will allow Exoticca to develop its platform, leveraging AI to improve product offering, customer experience and boost its partners’ profitability.

The company is focused on building a leading global brand and opening in new markets, accelerating the adoption of the platform by both traditional travel agencies, as well as other online travel partners.

Exoticca has doubled its sales year-on-year since 2015, selling trips to 70+ destinations worldwide to travellers in eight markets – Canada, the U.S., UK, France, Germany, Spain, Mexico and Colombia.

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