Yeoh Siew Hoon catches up with Hugo Burge, CEO of London-based Momondo Group, to discuss, among other things, the impact of Brexit, the need for emotion and purpose in today’s world of travel, the evolution of meta and the investments he’s making through HOWZAT Partners, and why it’s a great time to do the right travel startup.
Burge is one of the judges for the WIT Startup Pitch and will be speaking at the WIT Conference Oct 17-19.
Q: It’s been three months since Brexit â€" time for the dust to settle somewhat. Any short term impact on business so far and any long term concerns you have especially with the Euro IT Alliance which you head?
Yes, three months seems a long time. The dust has settled. Everyone has calmed down a bit, even though many questions and tricky conundrums remain to be solved. Actually, it’s been positive for us â€" 90% of our revenues are outside the UK, so the weaker Sterling has immediate benefits in boosting revenues. We should be open minded about the short term outcomes of the vote â€" while I’m confident about the future, there is a lot of wrangling ahead.
We’re a member of a few organisations â€" including both the London Travel Tech Alliance and the European Tech Alliance â€" that are watching this issue carefully, and its impact on our industry. Although we are a global business, Europe is very important for us and we have substantial interests across the whole region. I continue to support a successful Europe, with which the UK has a positive and transparent relationship, and where prosperity is something everyone can aspire to.
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