$5 Million Funding Round Pushes Hotelogix to Focus on Group Hotels Across Regions

by Thomas Riley on Mar 13, 2018
Share this post

Provider of property management systems, Hotelogix, is hoping to pivot to group hotels after a successful round of funding that gathered $5 million. Vertex Ventures led the round with the addition of Accel Partners and Saama Capital. Hotelogix has already made a name for itself in cloud-based tech and hopes to utilize the funds to further innovate.

The CEO of Hotelogix, Aditya Sanghi, said that the company will set its sights on group hotels in regions such as the UK, North and South America, and their country of origin: India. Thailand is also in the crosshairs as a potential headquarters for SE Asia.

Observers say funding for hotel tech is strong currently. Hotel pricing specialists at Duetto recently announced $80 million in additional funding while pricing competitor Pace also announced around $3.1 million in funds. Though the results of the cash infusion will take time to be realized, hopes are high at Hotelogix for a record year in 2018.

Follow us on social media for the latest updates in B2B!

Latest

Main Street’s Looking Pretty Sunny These Days
October 7, 2022
On Tuesday, September 13, 2022, the Dow dropped 3.94% after an August inflation report indicated a 0.1% month-over-month rise. Tech stocks bared a large brunt of the losses, with Meta dropping 9.4% Read more
What Brand Intimacy Means for Consumers
October 7, 2022
What immediately pops up in your head when you hear the word intimacy? Definitely, not food, said Barbara Castiglia of the podcast “Modern Restaurant Management.” But that may change thanks to a Read more
adaptive reuse hotel-to-apartment conversions
Are Hotel-to-Apartment Adaptive Reuse Conversions Worth the Investment?
October 7, 2022
The need for affordable housing, especially in major cities, is a constant challenge for tenants, an often-nebulous investment for developers, and a point of contention for city officials. A recent trend Read more
Related
Software & Technology
How to Be a Next Generation Restaurant of the Future
August 30, 2022
Healthcare
Why Hotels Are Charging for Chairs by the Hotel Pool
August 17, 2022
News of the $200/day poolside chair reservation fee at the Bellagio Las Vegas resort rippled quickly through the travel industry. Industry expert Sarah Dandashy, author of #1 Amazon bestseller Read more
Healthcare
Carnival Cruise Bookings Nearly Double After Covid Curbs Eased
August 17, 2022
(Bloomberg) -- Carnival Corp. shares rose as much as 4.1% after the cruise company’s flagship division reported a surge in bookings following the lifting of some Covid-19 restrictions. Carnival Cruise Line Read more