The Hotels Network, a Barcelona-based hotel technology
company, has raised $3.7 million from investors in the United States and
Europe.
Seaya Ventures led the round with participation from the
founders of online travel agency eDreams-Odigeo, SeedRocket4 Founders Capital
and US venture firm NFX.
The Hotels Network works with 3,000 hotels in more than 50
countries, providing technology to increase direct bookings. The tools offer a
comparison of reviews and prices, a suite of personalization options for
websites and booking engines and predictive analytics.
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Clients include Iberostar in Europe, Grupo Posadas in North
America and Minor Group in Asia.
“The company started as we identified a big gap between the
quality of technology used by the large online players and that of hotels themselves,
so we wanted to create a product to bridge that gap,” says Juanjo Rodriguez,
founder and CEO of the Hotels Network.
“This new investment will help us on our mission to define a
new category in the hotel tech stack, focused on improving the user experience,
direct bookings and revenue. With our latest product developments we are able to assist hotels in more areas –
with a strong focus on data and machine learning. We’ve found the way to transform
data into revenue at scale."