Skift

Episode Notes Thayer Ventures and Derive Ventures are teaming up to create Thayer Investment Partners, an investment platform the two VC firms believe will boost innovation in travel technology, writes Senior Hospitality Editor Sean O’Neill. The new platform aims to offer a full-service venture capital approach, with plans to invest in business-to-business and consumer startups. Thayer Investment Partners will consider startups in most destinations, with the exception of China, where it lacks expertise.   O’Neill notes the quasi-merger comes as the travel industry grapples with emerging opportunities in AI and the adoption of cloud-native technologies.  Next, major U.S. airlines are optimistic they’ll see strong demand for Europe continue into next summer, but they’re facing headwinds in China. Patrick Quayle, United Airlines’ senior vice president of global network planning and alliances, discussed the carrier’s operations in China with Airlines Reporter Meghna Maharishi. Quayle said restrictions on Western