Indonesian OTA Traveloka secured a $250 million from Qatar Investment Authority and Singapore’s GIC.
UK: HalalBooking, which allows users to book Muslim-friendly hotels and villas, raised $2.5 million.
Top countries with # of related deals
COVID-19 Impact Projections
Represented by $194 billion in outbound travel spending by 1.9 billion Muslims (2019 est.)
Top 5 Muslim travel destination countries (2019, inbound est. Muslim travelers)
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All estimates by DinarStandard Research & Advisory. Muslim outbound travel spend estimates & analysis by leveraging UNWTO and World Bank data as baseline. Projections base-lined using UNWTO forecasts. Investments (figures and individual deals) are based on a detailed scan of databases from CapitalIQ, Crunchbase, White & Case, KPMG and DinarStandard analysis from 1st August 2019 to 31st July 2020. Full methodology in appendix. OIC = Organization of Islamic Cooperation, 57 mostly Muslim-majority member countries.