Hotel payments management platform ROH raises $9.2M
ROH, a cloud-based payments management platform for the hospitality industry, has raised $9.2 million in funding. The investment will be used to “fuel ROH’s rapid platform expansion and enhance its ability to process the continuous flow of data from contracts invoices, payments, folios and beyond,” the company said. The funding
Revenue management software company IDeaS launches marketing solution
Hospitality revenue management software (RMS) company IDeaS has launched IDeaS Spotlight, a solution to help hotel marketers identify ideal timing for marketing campaigns. In an interview with PhocusWire, Mike Chuma, vice president of global marketing for IDeaS, explained that the team at IDeaS “worked backwards,” and determined that, as an
BizAway acquires Aervio, boosts travel management tech offering
Travel management specialist BizAway has acquired Aervio, a Spain-based travel management company offering artificial intelligence driven solutions. Terms of the deal have not been disclosed but a statement from BizAway said the deal would boost its innovation process and existing technological solutions. BizAway, which was founded in 2015 and is
AI property management platform Jurny receives “substantial” investment
Artificial intelligence (AI)-powered property management platform Jurny has received what it calls a “substantial” investment, bringing the company’s funding to more than $16 million in total. The company did not specify the investment amount but said the deal marks the beginning of an “aggressive expansion strategy.” Founded in 2019, Jurny also
STARTUP STAGE: Boom wants to revolutionize property management with AI
Boom Boom said its system behaves like a virtual workforce, handling day-to-day operations autonomously and allowing managers to focus on growth and strategy. Boom launched in 2023 in South Florida and has worked with companies including Unique Stays, WeHomes and Housepitality. What is your 30-second pitch to investors? Boom is
Revolutionary travel management companies do exist
A recent opinion piece on PhocusWire suggested that the corporate travel world is fundamentally broken and that most travel management companies (TMCs) are not fit for purpose. I strongly disagree, let me tell you why. In my 32+ years in travel, it’s very rare I hear a corporate saying “I
Can a revolution fix the travel management world?
The world of travel management companies (TMCs) is broken. Not in a subtle way where a bit of tweaking might solve the issues, but in a fundamental, structural kind of way, which questions why they still exist. The reality is that many TMCs are no longer fit for purpose. They
TravelPerk secures $200M, acquires expense management tech Yokoy
Corporate travel management platform TravelPerk has secured $200 million in Series E funding. The Spain-based company has also announced the acquisition of Yokoy, an expense management technology company, for an undisclosed amount. Atomico and EQT Growth led the investment, which values the company at $2.7 billion. Noteus Partners and existing
