Here is the March round up of investment, product launches and strategic partnerships for 6 of our Hotel Technology Expert Partners.
Bookboost, RoomPriceGenie, Juyo, HiJiffy, The Hotels Network and Cloudbeds
(Please click on the hotel tech updates title to access the full article)
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Bookboost secures 3.6M€ million to accelerate growth and expand Hospitality CRM Capabilities
Bookboost, the industry-leading hospitality CRM platform, has successfully secured €3.6M EUR in its latest funding round led by Vendep Capital.
Vendep’s investment accelerates Bookboost’s vision to redefine hospitality engagement. Unlike traditional CRMs, Bookboost’s advanced Customer Data Platform (CDP) and Multi-Channel CRM don’t just store and manage guest data, they activate & monetize it. By leveraging AI-driven automation and hyper-personalized communication at scale across Email, SMS, WhatsApp, and OTAs, Bookboost empowers hotel groups and brands to increase direct revenue and guest loyalty.
As the hospitality industry shifts towards data-driven engagement, Bookboost’s CDP and Multi-Channel CRM empower hotels to centralise guest data, personalise communication, and drive customer lifetime value (CLTV). With this funding, Bookboost will continue to advance its platform, ensuring that hotels can seamlessly connect and engage with guests across Email, SMS, Whatsapp and OTA messaging – all from a unified ecosystem.
RoomPriceGenie Receives $75 Million USD Investment from Five Elms Capital
RoomPriceGenie, a leading provider of revenue management systems (RMS) for independent hotels and groups, is proud to announce a $75 million USD investment from Five Elms Capital to accelerate international expansion and further enhance its award-winning platform. As part of this next phase of growth, experienced technology executive Chas Scarantino has been appointed as CEO. Co-Founder and current RoomPriceGenie CEO, Ari Andricopoulos, will transition to Chief Strategy Officer (CSO), focusing on product innovation and strategic partnerships.
RoomPriceGenie has grown into a global business, with nearly 100 employees and 3,000 hotel clients across 65 countries. The company has achieved rapid, efficient growth while maintaining profitability, proving that its approach—prioritizing innovation and exceptional customer support—resonates with the market.
Introducing Net Revenue v2.0: A New Era of Cost Allocation
The way hotels manage their acquisition costs is evolving. At Juyo, we believe that precision and flexibility in cost allocation can make all the difference in driving profitability. That’s why we’re excited to introduce Net Revenue 2.0, a significant upgrade to our Distribution Cost module.
Traditional cost allocation methods often lacked the flexibility needed to support modern revenue strategies. Our enhanced rules-based, multi-dimensional approach now provides hotels with the ability to optimize cost strategies in a way that aligns more accurately with their business objectives.
Juyo Analytics’ visualisation engine allocates the configured costs at the individual reservation level. This means that across all dimensions, also filtered and cross-filtered, you can see the net revenue contribution of each dimension (or dimension combination). As a result you will not just see (for example) which Country drives the highest NetADR, but understand under which conditions (Channel, Leadtime, Stay period, etc.) that specific country is driving high NetADR bookings. This is the intelligence required to target and acquire more of those type bookings to increase the overall NetADR of the hotel.
Retrieve and manage all your Expedia Group traveller messages directly in HiJiffy’s Console
We are excited to announce a new partnership with Expedia Group that allows you to
streamline your Expedia Group traveller communications directly in HiJiffy’s Console, saving time and resources spent on managing conversations with your guests and allowing you to focus on delivering exceptional guest experience.
What’s new?
You will no longer need to log into Expedia Partner Central to manually manage traveller messages. With the new messaging capability, you can retrieve and manage all your guest communications in HiJiffy’s Console.
Introducing AI Templates: Your Shortcut to Impactful Website Messages
Creating powerful and engaging messages for your hotel’s website shouldn’t be challenging. That’s why we at The Hotels Network are on a mission to automate all of those time-consuming tasks, starting with message creation!
Our AI-powered content recommendation system, Superpilot, now creates ready-to-go customized message templates for each individual hotel property to help you launch powerful campaigns in just a few clicks.
Superpilot gathers all the special details about your hotel to bring you highly relevant and impactful message templates. Whether you’re a boutique hotel juggling a million tasks or a hotel chain looking to scale up your website personalization strategy, our AI templates will make your life easier while delivering real results.
Cloudbeds and Sabre Hospitality Partnership to Streamline Hotel Reservations and Optimize Distribution
Cloudbeds, the innovative leader in hospitality management technology, has today announced a strategic partnership with Sabre Hospitality, a leading global travel technology company. This collaboration delivers a deeper integration between Cloudbeds Property Management System (PMS) and Sabre’s SynXis® Central Reservation System (CRS), offering hotels and accommodation providers a seamless and efficient solution for managing distribution, reservations, and property operations.
The partnership introduces a real-time, enhanced two-way connection between Sabre’s CRS and the Cloudbeds PMS, enabling hotels to streamline their operations, optimize distribution strategies, and improve data accuracy. The Application Programming Interface (API) integration will allow for a faster, more reliable flow of data between the two platforms, providing hoteliers with a robust and scalable solution to better manage their properties in today’s highly competitive marketplace.
Cloudbeds and Duetto Partnership to Drive Innovation in Hotel Revenue Optimization
Cloudbeds, the innovative leader in hospitality management technology, and Duetto, the industry’s leading revenue management software provider, announced a strategic partnership to empower hoteliers with advanced tools for optimizing revenue and operational efficiency.
This collaboration integrates Duetto’s cutting-edge revenue strategy platform with Cloudbeds’ hospitality management software. Together, the two industry leaders will deliver an unparalleled solution in efficiency, scale, and accuracy to help hoteliers of all property types maximize profitability – while offering enhanced benefits to multi-property operators.
For Duetto, this is the first two-way, custom integration developed using NiFi, enabling a faster, feature-rich, stable integration, as well as flexibility and scalability for properties worldwide.