The pandemic has hastened the industry’s desire for revenue-generating goods and solutions in order to assist travel firms in recovering from the pandemic and capitalizing on market momentum. Hotelmize uses innovative technology to uncover hidden hotel booking profits and to develop new travel products based on financial modeling, Big Data, and AI in order to make OTAs, tour operators, bed banks, and travel agencies more lucrative and competitive. Using the company’s patented AI prediction algorithm and room mapping technology, Hotelmize analyzes its partners’ bookings and improves their buy rates. In the second quarter of 2023, Hotelmize’s revolutionary product line will be formally released.
More than 100 partners from 20 countries use Hotelmize’s travel optimization technologies to raise business profitability, improve client experience, and gain a competitive advantage.
The series B round occurred after Hotelmize had achieved over 800% year-over-year growth and after successfully retaining some of the industry’s largest B2C and B2B travel brands with the company’s optimization suite, which has not yet been released to the public. Hotelmize’s aim is to become the industry’s preeminent travel optimization platform and to continue adding value for partners and their customers.
Dor Krubiner, CEO, Omry Litvak, COO, and Guy Levitan, CTO, formed the firm. Their excellent knowledge of the capital markets enabled them to develop a novel strategy to maximize travel firms’ capacity to acquire and sell travel items by using capital market trading techniques.
Dor Krubiner, CEO at Hotelmize, mentioned: “We are thrilled to have received this funding, which will allow us to continue our rapid growth, develop our optimization suite, and most importantly enhance our partner’s business performance across the globe. We are grateful for the support of our investors, who share our vision for the future of the hotel booking industry and we look forward to continuing to serve our partners and driving innovation in the hotel booking space.”