As the global tourism industry undergoes significant transformation, the British travel tech company Byway announced the completion of a $6.4 million A-round funding round. This capital will be used to expand its AI-powered, no-flight travel planning service. The round was led by Heartcore Capital, with participation from Eka Ventures and several angel investors. Byway's establishment was quite dramatic. In March 2020, just as the COVID-19 pandemic swept through Europe, founder Cat Jones decided

More than 48% of people use their phones to research destinations, nearly 47% compare flights before making decisions, and over 40% book travel through mobile devices. 22% of travelers use AI chatbots to help research travel destinations. The use of AI for airline destination research and booking is more pronounced in the Asia-Pacific and Middle East regions.