Uploaded March 2026 | Updated September 2026, 2 weeks ago

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In AI-native times travel tech has entered a decisive new phase. Funding conditions have tightened, efficiency has moved to the center of investor expectations, and mergers and acquisitions are reshaping competitive dynamics across the industry. The question is no longer whether consolidation will happen but how value will be created in this new environment. In this closing keynote, Morgann Lesné, Partner at Cambon Partners, shares an investor’s perspective on what lies ahead for travel technology companies in 2026. Drawing on recent transactions and portfolio experience, he explores current dynamics in M&A, the strategic trade-offs between growth and profitability, and what investors truly look for when backing or acquiring travel tech. The session examines whether consolidation is a catalyst for sustainable value creation or a distraction from long-term innovation. And it offers a reality check for founders and executives navigating the next chapter of the travel tech cycle.

Keynote Speaker: ​
Morgann Lesné​
Partner​
Cambon Partners