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The pandemic has triggered more demand for contactless and staff-less operations in the hospitality sector, and now H2O Hospitality , the unmanned hotel management company, has closed a $30 million round on the back of that boost. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.
Life House , a boutique hotel brand that has built software aimed at helping independent hotel owners and operators, has raised $60 million in a Series C round of funding co-led by new investors Kayak and Inovia Capital. Rami Zeidan started Life House after nearly a decade of working in different areas of the hotel industry.
Now, OTA Insight — a company that builds business intelligence tools for one of the key sectors in that space, hotels — is announcing a round of funding as it too picks up more business on the upswing. And yet after they arrived they could see that a lot of hotels had spaces and were drastically dropping prices.
In more technical terms, Amenitiz has been building a vertical software-as-a-service product that combines everything you need to run a hotel. In particular, Amenitiz takes care of three important bricks in the hotel industry — it’s a property management system, it acts a channel manager and it let you accept direct bookings more easily.
We first covered the NUMA Group (then called Cosi) back in 2019 when it raised €5 million for its “full-stack” hospitality alternative to boutique hotels, and then later on when it raised €20 million. NUMA provides boutique hotels, offering around 2,500 units in Berlin, Munich, Rome, Milan, Madrid, Barcelona and Vienna.
Hotel payment software provider Selfbook has completed a $15 million extension of its Series A financing that values the company at $300 million. Hotels can implement its technology, according to Meniri, “with a single line of code” to improve their booking experience directly on their existing reservation systems.
For instance, in the hospitality industry, Amenitiz focuses exclusively on independent hotels and B&Bs. When I was thinking about starting a company again, I scanned the market and looked at different verticals to find a company that could reach $500 million in [annual recurring revenue],” co-founder and CEO Pascal Petit told me.
“When we compare market prices to what users buy on our platform, we’ve approximately saved them about $480,000 in the last nine months, cutting a lot of unnecessary expenses from their general costs — savings that can go into other things in terms of expansion and growth.”
La tecnología está transformando no solo la forma en la que los hoteles operan y se relacionan con sus clientes, sino también cómo interactúan con el entorno sin mermar sus cuentas de resultados. Marta Marcos, vicepresidenta sénior de Tecnologías de la Información y Sistemas de Minor Hotels Europe & Américas.
The hotel sector has been undergoing a digital revolution for years, transforming not only the way hotels operate and interact with their customers, but also with the environment, all without harming their bottom lines. Recognition of a digital future Minor’s growth wouldn’t have been possible without a commitment to digitalization.
Ransomware attacks Recall the ransomware hack on MGM Resorts International hotel reservation systems, digital room keys, casino gaming systems, and restaurant point-of-sale systems. The long-term impact may eventually erode shareholder confidence and market position. MGM shut down services across its Las Vegas properties for days.
Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 Oyo has also streamlined its relationship with hotels in recent quarters.
India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half. SoftBank recently internally cut the valuation of budget hotel chain Oyo, once a $10 billion firm, to $2.7 No problem.
Since Broadcom’s acquisition of VMware, many IT teams are considering whether it’s the right time to explore VMware alternatives, says Steve Carter, Nutanix’s product marketing director. Many are reframing how to manage infrastructure, especially as demand for AI and cloud-native innovation escalates,” Carter said.
Have you ever looked longingly at the website of a posh hotel or resort and thought, “Man, I wish I could hang out there.”. The six-year-old company gives people the option to purchase day passes to more than 900 hotels and resorts — think Ritz Carlton, Four Seasons, W Hotels, Hyatt Hotels, Fairmont and Westin — around the world.
The Indian capital market regulator has moved Digit’s IPO application to “abeyance,” it said in what is a disappointing development for the online insurer’s plan to go public. Indian market regulator puts insurer Digit’s $440 million IPO in ‘abeyance’ by Manish Singh originally published on TechCrunch.
The problem of surreptitious guest surveillance isn’t limited to home rental organizations, of course: A hotel chain was caught spying on more than 1,600 guests across 10 South Korean cities in March. How to securely send your personal information. How to protect yourself when using airplane Wi-Fi.
In April 2020, the hotel occupancy in the US dropped to its lowest level ever — the bewildering 24.5 The annual average was roughly 44 percent, which means that more than half of hotel rooms were empty during the whole year. The hospitality industry was among those that suffered the most because of the COVID-19 pandemic.
Rather than searching by destination, Elude gathers information like budget, time frame and trip preferences (think beach versus mountains), then presents users with flight and hotel results for destinations they may never have thought existed or could be traveled to on their budgets. stars and above. Simon said.
CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia. Businesses had traditionally always stayed in hotels. That’s where Silkhaus comes in.
We talk to the founder of one of those startups, hotel-software provider Mews*, in this episode of Powered by Battery. Mews’ founder, Czech-born Richard Valtr, comes from a family of hotel operators in Europe and has a far-reaching vision of how hotels can offer better service to customers—through technology.
Bob W , the self-described “tech-driven” hospitality provider that offers an alternative to traditional hotels and short-stay rentals, is disclosing €10 million in seed funding. Revenue is also said to have grown by 80% in 2020, with the company putting a lot of marketing toward claims behind being more hygienic than many hotels.
Some months later they saw a hotel manager openly complain to a vendor about the unsteady supply of produce the hotel was getting. The established processes involved staff or a contract employee going to the market or using third-party vendors. It sparked an idea in the founders’ minds.
Whether its running a SaaS, consulting, freelancing, or maintaining an open-source project, what lessons have you learned about profitability, growth, marketing, and longevity in the Rails ecosystem? Accommodation: The Rails Foundation will cover 3 nights hotel accommodation for each speaker in the speaker hotel (Sept 3-6).
But the San Francisco company — which was out to help folks who struggled to decide between staying in a hotel or an Airbnb — wasn’t ready to go down without a fight. In addition, Lyric also designed & managed inventory, including the property that it says became the #1 rated hotel in New York City.
Instead, the e-scooter manufacturer is launching a more exclusive version that will see its slick e-scooters available to rent at hotels, luxury apartments and coworking spaces. “It also functions as a marketing vehicle for our scooter rental subscription service. Essentially, it’s not our core business, but complementary.
Wheel the World collects over 200 data points on hotels through its Accessibility Mapping System, like hotel room measurements, and digitizes them to build its marketplace so that travelers can determine if that particular room will meet their needs. We have a clear belief and purpose to make the world accessible,” Silberstein said.
The company writes articles on every facet of travel to inform customers, especially now with airlines, hotels and countries placing certain restrictions on travel. HopJump was started in 2018 by Staab as a digital marketing agency helping big brands with user acquisition campaigns.
SoftBank, the largest investor in Oyo, has cut the Indian hotel chain’s valuation to $2.7 The startup earlier this week updated its initial public offerings application to the local market regulator. billion at a time when the startup is months away from going public, a source familiar with the matter said.
Hopper’s tech already powers Capital One Travel and Premier Collection, Capital One’s marketplace of hotels and resorts exclusive to Capital One Venture X cardholders. of the third-party air travel market in the U.S. It’s a safe bet that similar experiences along that vein are forthcoming. Image Credits: Hopper.
For IHG Hotels and Resorts, the cloud provides just the right accommodation for business success. Moreover, IHG’s cloud backbone enables it to take advantage of emerging SaaS offerings, such as Speakeasy AI conversational chatbots, and deliver its own IHG Voice Cloud AI service to help guests and reception desk clerks at hundreds of hotels.
Hotels have been experiencing a surge of direct bookings during the pandemic. Yes, while the overall number of bookings dropped due to COVID-19, hotels’ brand.com websites became the third most popular booking channel , in some cases even surpassing Expedia traffic. Direct booking strategies for hotels. Why is that?
Sota Kimura, co-founder and CEO of SmartRyde, founded SmartRyde in 2017 after he experienced trouble getting a taxi from the airport to the hotel when he traveled abroad, Kimura told TechCrunch.
Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market. TechCrunch reported earlier that General Atlantic was engaging with Acko to increase its stake in the insurtech firm.
Cabana, another startup, launched by a former Lime executive , is merging the RV rental market with hotels. Former Lime exec launches Cabana, a company that merges #vanlife and hotels. That funding included a $13 million extension to a $50 million Series B round that it quietly closed early this year, as TechCrunch reported.
The revelation will deliver a huge reassurance to employees and hotel partners of Oyo, which eliminated or furloughed more than 5,000 jobs earlier this year and reported in April that the pandemic had cut its revenue and demand by more than 50%. billion — ready for IPO. But I’d also tell you, I think that makes OYO resilient.
“In the public markets, there are many players in hospitality property management,” said co-founder and CEO Amiad Soto. “Definitely for major hotels, there are going to be big changes, but for vacation rentals and boutique-style hotels that offer different experience, this a lot more accessible and a lot more appealing.
Microsoft has invested $5 million in Indian budget hotel chain Oyo, according to a regulatory filing this week. Oyo, which is one of India’s most valuable startups, has aggressively expanded to many markets, including Southeast Asia, Europe and the U.S. The investment confirms a TechCrunch scoop from last month. in recent years.
While Google isnt disappearing, the search market is about to change enormously with exciting new opportunities in consumer advertising, domain-specific search and infrastructure. New market opportunities in LLM-powered search LLM-powered search will create new market opportunities in three key areas.
The gap in the market WeTravel is going after is one that seems to have been created, ironically, with the growth of online travel services. And more involved the trip, the larger the amount of suppliers from restaurants and transport companies to airlines and hotels and more.” It becomes about fund management.
Founded in 2016, Roami sprung from King-Geovanis’s belief that travelers should not be forced to choose between two flawed options: cramped and expensive hotel rooms or inconsistent and unpredictable vacation rentals. ” Bold words for a company backed by $29 million taking on Airbnb and its $81 billion market cap.
Indian budget hotel chain startup Oyo is looking to file for an initial public offering as soon as next week, people familiar with the matter told TechCrunch, joining a handful of firms in the world’s second-largest market that are working to explore the public markets.
A 12-year journey ends as Skimlinks is acquired by retail marketing platform Connexity. and Portugal, onboarding new properties and hiring a team, which already includes hires drawn from hotel group Mr & Mrs Smith , Ometria, Quill, McKinsey’s Generation and Resi. Flown has now closed a $1.5 Alicia Navarro, founder, Flown.
With the remote work revolution continuing apace, Ukio wants to give professionals the comforts of home with the added perks and flexibilities of a hotel, with each apartment including a concierge and reception area, while some properties also include a weekly cleaning service and linen/towel replacement. Target market.
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