Hotelsoft Inc., a Silicon Valley startup focused on the hospitality industry has raised $3 million in founder and angel investment rounds. Hotelsoft also announced the launch of its flagship software called Hotelsoft One.
A little over a year in the making, Hotelsoft One is a next generation integrated software offering following applications:
- Revenue Management System
- Business Intelligence
- Rate Shop
Hotelsoft One uses Intelligent Pricing big data and machine learning algorithms, which incorporate organic demand of the hotel with external demand influencers such as compset pricing, airfare, city events, TripAdvisor ratings and other third party data to make smarter pricing decisions.
Rate Shop data includes rates from all major OTAs, hotel websites, vacation rental sites such as Airbnb, HomeAway, VRBO, wholesalers and other travel partners.
“We are very excited to launch Hotelsoft One, a cloud based software which we believe will drive significant revenues to the hotels. An integrated platform will also break down information silos in the hotels and make data available seamlessly to everyone. Our Intelligent Pricing™ engine is built on innovative big data and machine learning applied math algorithms which will give hotel managers an important tool in their arsenal to fight the influence of the OTAs and help hotels generate more direct business,” said Vish Bhatia, President and Co-Founder of the company.
“We believe Hotelsoft One will be a game changer for the independent and mid-size hotel chains,” added Abhishek who is the CEO and Co-Founder. “The software has a modern design, intuitive UI/UX which requires very little training downtime and has a great science behind it. Hotelsoft is perhaps the only product in the marketplace today that not only calculates demand-side forecasts but also supply-side forecasts, which is immensely useful for the Timeshare and Condotel resort properties.”
Hotelsoft will be launching its product at HITEC (booth #2057) and the HSMAI Revenue Optimization Conference in New Orleans from June 20-23. Hotelsoft also offers revenue management professional services, custom business intelligence application development and cloud enablement services.