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Thynk wants to upgrade hotel stays with a vertical software platform

TechCrunch

Meet Thynk , a new company that wants to build the definite enterprise software solution for the hospitality industry. When it comes to software-as-a-service companies, entrepreneurs choose to address a specific segment. For instance, in the hospitality industry, Amenitiz focuses exclusively on independent hotels and B&Bs.

Hotels 189
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Selfbook raises $15M at a $300M valuation in Tiger-led extension to give hotels a way to accept ‘one-click’ payments

TechCrunch

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.

Hotels 223
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AI & the enterprise: protect your data, protect your enterprise value

CIO

For example, employees might inadvertently broadcast corporate secrets by inputting sensitive company information or source code into public-facing AI models and chatbots. The company later estimated losses of $100 million due to the attack. The long-term impact may eventually erode shareholder confidence and market position.

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Metasearch in Hospitality: an Overview of Hotel Search Engines

Altexsoft

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.

Hotels 119
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Remembering the startups we lost in 2020

TechCrunch

The closure came just three years after it launched with the goal to build software for startups to navigate fundraising, hiring, acquisition deals and collaboration with their legal team. When it came to raising a Series B, Merchant says the company struggled to close and lost investor interest due to WeWork’s failed IPO.

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Backed by Accel, Minoan Experience is creating a new category of e-commerce called ‘native retail’

TechCrunch

Instead of asking the property owner where it’s from and tracking it down, Minoan Experience lets you order the product by scanning a QR code. One of Minoan’s largest markets, the Hamptons, actually had a very busy season, with most of its short-term rental partners near 100% occupancy and charging higher rates due to demand.

Retail 246
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Brex takes a swipe at Concur with an expansion into travel

TechCrunch

Besides seeking to snag market share from incumbents such as Concur, Brex is also taking on startups such as Navan (formerly called TripActions) — which actually started its business focused on travel expense management before broadening its offering — and also Ramp, which itself expanded into travel last year.

Travel 192