Articles tagged “hotel technology”

Some investors are hesitant to fund startups in places experiencing currency volatility, but Triply overcame that challenge while consolidating payment tools for smaller travel businesses.

This is the latest move in a trend by hotel tech companies to create more comprehensive platforms, meant to help clients fulfill more of their needs in fewer places.

Frontline Performance Group understands that to achieve its ambitious goals, it will need a market as vast as India.

Reports suggest that Life House, the startup that Rami Zeidan founded in 2017, is facing a wave of complaints from the hotel owners who use its software and services. A new CEO could give the company a fresh start.

Mews, a startup selling hotel management software, earned unicorn status with its latest $110 million funding. The funding round placed a $1.2 billion value on the startup.

More acquisitions are likely coming as certain hotel players seek to have a stronger hold on the fragmented industry.

Even startups that began experimenting early with generative AI generally aren’t seeing a payoff yet in terms of revenue. But they are generating interest from buyers that want their workers and intellectual property.

All hotel companies will eventually need to be completely in the cloud to take full advantage of new tech like generative AI.

One of the largest players in hotel tech is selling what it says is a simplified system for hotel tech operations, days after a newer player said it's entering the sector with a similar plan.

IBS Software has taken a $90 million step toward its goal of becoming a "player of consequence" in hotel tech. It joins a group of others vying for the same.