Lighthouse Charts a Course for Global Expansion and Hotel …
Hotel technology solution provider Lighthouse has reportedly secure a $370 million growth investment from global investment firm KKR. This funding, deployed through KKR’s Next Generation Technology III Fund, marks a substantial boost for Lighthouse and underscores the increasing investor interest in the growing hospitality technology sector. The investment will primarily fuel Lighthouse’s ...
Nuitee Raises $48 Million to Expand Its Travel and Hotel …
Dec 19, 2024 · Technology solution provider Nuitee has raised $48 million in a Series A funding round led by Accel. Founded in 2017, Nuitee has rapidly become a global infrastructure provider for the travel and hotel industry, simplifying the fragmented and complex web of suppliers, hotels, and third-party distributors into a single, user-friendly API. Originating from Morocco and Spain, the company has ...
How Technology will Transform the Travel and Hospitality …
In 2025, the adage “experience is king ” will be truer than ever, with experiential travel taking center stage. Leading travel and hospitality brands will continue to prioritize exceptional customer experiences, as travelers seek personalized, immersive journeys that go beyond traditional offerings. To meet this demand, brands are increasingly adopting “retailification” principles ...
Hyatt Selects Oracle OPERA Cloud as Property Management …
Sep 16, 2024 · Hyatt has chosen the Oracle OPERA Cloud hospitality platform as the property management system (PMS) for its global hotel portfolio. With OPERA Cloud, Hyatt properties will be able to standardize its operations and data management across more than 1,000 hotels and all-inclusive properties. With a modern data platform delivering a common user interface and processes across its properties, Hyatt ...
Hotel Engine Secures $140 Million Investment to Expand Its …
Denver-based travel technology company Hotel Engine has announced a $140 million Series C funding round led by Permira Growth Opportunities II, a fund advised by global private equity firm Permira. This investment values the company at a whopping $2.1 billion, a big increase from its previous valuation of $1.3 billion in 2021. The company, founded in 2015, has developed a …
Serko Expands Market Presence With Acquisition of Sabre’s …
Serko is expanding into the North American market through its acquisition of Sabre Corporation ’s GetThere business travel management solution. The acquisition, which forms part of a long-term strategic partnership between Serko and Sabre, establishes Serko as the second-largest online booking tool provider in North America. It also marks a …
Hilton Brings Hospitality to the Stars with Unveiling of Starlab …
Oct 17, 2024 · The 75th International Astronautical Congress in Milan, Italy, witnessed a historic moment in the convergence of space exploration and hospitality: the unveiling of the first fly-through video of the Starlab space station. This groundbreaking project, a collaboration between Hilton, Voyager Space, and Starlab Space, offered attendees an unprecedented look inside the innovative commercial space ...
LuxUrban Among Hotels Pioneering Digital Currency Payment …
4 days ago · In a move that underscores the evolving landscape of financial transactions in the hospitality industry, LuxUrban Hotels, which currently manages nine New York City hotels with a total of 1,056 rooms, announced that it is set to incorporate digital currency payments across its …
Research: More than Half of Travelers Abandon the Online …
Technology is playing an increasingly important role in the traveler's booking journey. The report reveals a significant increase in the use of search engines for initial accommodation research, with 36% of travelers starting their search online, up from 26% in 2024.
How Hotels Can Harness the Power of AI to Embrace the Future of …
AI-powered systems can send personalized messages to guests before arrival, providing them with relevant information about local events, weather forecasts, and recommended restaurants. This level of personalized attention, previously requiring significant time and effort from a concierge, can now be achieved with a few clicks, enhancing the guest experience from the moment they book their stay.