8 years ago
OTA Insight Secures $20 Million to Enhance Hospitality Data Platform
OTA Insight, a London-based provider of a data intelligence platform for the hospitality industry, has raised $20 million in funding
The round was led by Eight Roads Ventures with participation from F-Prime Capital Partners
OTA Insight will use the funds to further develop its platform, focusing on enhancing its machine learning and AI capabilities
The company will also expand its engineering, business development and marketing teams.
ProblemTechnology Infrastructure
"Hotels, resorts and vacation rentals struggle to optimize their revenue and improve profitability because they lack real-time access to competitor rates, online channel insights, ratings and reviews, market-specific events and demand forecasts. This makes it difficult for them to make informed decisions about pricing and other revenue management strategies."
Solution
"OTA Insight provides hotels, resorts and vacation rentals with a cloud-based platform that gives them real-time access to competitor rates, online channel insights, ratings and reviews, market-specific events and demand forecasts. This data helps them to make informed decisions about pricing and other revenue management strategies, which can improve their profitability."
