It would have been hard to believe, even five years ago, that travel and food services would become two of the most interesting and closely watched sectors this year. Booking Holdings' announcement Monday that it is investing $200 million in ridehailing service Grab is the latest example of the money pouring into these businesses, especially in Asia for Booking. The bets are being hedged across ridehailing, food delivery, and online travel. Who jumps into the mix next in a big way? The entrepreneur Marc Andreessen famously once said, "Software is eating the world." His words couldn't be more true today than when he first penned them seven years ago.
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