Event: 2020 Phocuswright Europe
Founded Year: 2015
HQ: Tel Aviv, Israel
Principal(s): Dor Krubiner, Co-Founder & CEO; Omry Litvak, Co-Founder & COO; Guy Levitan, Co-Founder & CTO
Funding: Apr. 1, 2020: Series B (Alibaba Entrepreneurs Fund, Brilliance Ventures); Nov. 27, 2018: $3.8M Venture Round (Investible); May 5, 2016: $300K Seed Round; Jan. 5, 2016: $300K Seed Round
Product Description: Hotelmize is a leading company in the travel and technology industry that enables hotel distributors, bed banks, wholesalers and travel agents to increase their profitability by over 35% by using our innovative technology. The travel industry is constantly evolving, and our product is designed to help your company seize opportunities to grow and prosper. Our fully automated algorithms use big data and machine learning techniques to efficiently and effectively price-predict and analyze bookings to achieve the lowest costs and highest profits.
Business Model: Our compensation model is success-based: Remuneration is based on positive results realized by clients applying our proven system.
Competitive Edge: Hotelmize provides a unique response to a well-known market opportunity, leveraging innovative technologies and proprietary algorithms to provide proven profit optimization. We've managed to leverage a profit opportunity by using a predictive price algorithm on real-time analysis, on a large scale, and above all, automatically.
Market Opportunity: Hotelmize is making revenue management simpler for clients. Hotelmize provides OTAs and tour operators with an automated profit optimization service designed to improve pricing by using big data analysis and automated price prediction algorithms. Hotelmize's unique profit optimization solution accurately identifies when the price of a booking reaches its very lowest and increases net profits by at least 35%. The founders of Hotelmize looked to the very latest stock market trading technology for inspiration and created a series of algorithms powered by artificial intelligence and based on data from 23 million hotel rates.
Early Customers: Hotelmize, with offices in Latam, Europe, and APAC, has more than 30 clients from 14 different countries around the globe.