Meetings Booking Platform Backed by Hotel Giants Grows in Asia Via Acquisition
Skift Take
Companies that raised money before the crisis are sailing through it. Look at Groups360, which got $50 million from Marriott International, IHG, Accor, and Hilton a year ago, and has grown since.
Coronavirus has crushed the hotel and meeting industries, but it hasn't stopped some travel tech companies from growing.
Groups360, a booking engine for meeting space that a year ago received a $50 million investment from Marriott International, InterContinental Hotels Group, Accor, and Hilton, is expanding to Asia Pacific. It has bought IDEM Hospitality, a Singapore-based events tech firm.
The companies didn't disclose the terms of the deal. All four hotel groups remain invested in Nashville-based
