Hotel Engine Stock

hotelengine.comConsumer & Lifestyle / Travel & HospitalityFounded: 2015Funding to Date: $83.15MM

Hotel Engine has created a membership platform that gets hotels, travelers, and companies connected with one another.

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News Highlights

Denver’s Hotel Engine unveils services to meet business travel needs

Denver-based company Hotel Engine is expanding its services in response to increased post-pandemic business travel. The company announced new services including FlexPro, a subscription service that allows companies to alter or cancel reservations up to noon on the day of check-in, and enhancements to its group booking service, Groups. The company has seen robust growth and connects its 40,000 member companies to over 700,000 partner hotels worldwide.

Hotel Tech Benchmark: Booking Engines, Website Builders, and Direct Booking Tools 2023

The majority of travel bookings are now made online, prompting hotels to list themselves on third-party travel websites to boost their global visibility. However, this approach involves commission costs. In response, the hotel tech space is evolving to optimise hotel websites and improve direct booking strategies. Despite this, smaller hotels often prefer to rely on third-party sites. The report also highlights differences in online booking behaviour among post-millennials, who are tech-savvy and form opinions based on an organisation's online presence and social media storytelling.
Updated on: Jun 21, 2024

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