Hotel , Short - Term Rental Tech Startups Raise …

Hotel , Short - Term Rental Tech Startups Raise Over $70 Million

Travel investors have raised more than $1bn (£1.6bн) in funding to help hosts make short-term rental income, as the coronavirus pandemic continues to cause a massive rise in hotel tech revenues, reports the BBC s weekly The Boss series of financial trends and the impact of hotel technology on the globe.. But What is it likely to be the biggest investment ever in the hotel industry? Why is this really worth raising funds for businesses selling high-tech technologies, and why does it mean that they are still struggling to cope with the Covid-19 lockdown crisis and how much money it has spent on tourism, travel and travel industries - and what is behind these huge investments? The BBC has been talking to some of the world’s most successful travel firms, who have announced their latest round of fundraising, but what could it actually mean for them to double down in its annual series C round, or raise hundreds of million dollars in series D, to boost the demand for hotel rentals? And how might it be able to tackle the problem with coronavirus? What are the reasons for the company being given the chance to make hotel bookings more efficiently than when it comes into the business? A leading travel entrepreneur has said it is important to improve the experience of guest management and helping those who are taking advantage of hotels and other luxury places across the country. They say it can help them cope?

Source: skift.com
Published on 2024-06-17

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