Hotelverse

Hotelverse

A 3D digital twin of hotel for an immersive booking experience to cut out the middleman and generate extra incomes.

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Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-85 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

More about Hotelverse
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Hotelverse.tech is a revolutionary platform that is transforming the hotel booking industry by eliminating the need for intermediaries. This startup operates in the hospitality market, serving hoteliers who are looking to increase their revenue and improve their customer engagement.

The business model of Hotelverse is based on disintermediation, which means removing the middleman from the booking process. This allows hotels to have direct control over their bookings, which can lead to increased revenue. The platform is self-funded, with only one disintermediated reservation per week required for the platform to pay for itself.

Hotelverse offers an immersive experience for customers, giving them the power to choose their room. This unique value proposition is not replicable by Online Travel Agencies (OTAs), which typically do not allow customers to choose their specific room. This feature not only increases customer engagement but also provides an additional income stream for hotels, as they can charge a premium for room selection.

The startup also boasts impressive conversion rates, claiming that traffic from OTAs and metasearch engines achieves a higher conversion rate on their platform thanks to their unique value offer.

Hotelverse has invested over $5 million since 2019 and has developed its technology with hoteliers in mind. The platform is easy to use, allowing reception to assign rooms in a simple and intuitive way.

In summary, Hotelverse is a game-changer in the hotel booking industry, offering a unique value proposition that benefits both hotels and customers.

Keywords: Disintermediation, Self-funded, Hotel Booking, Customer Engagement, Revenue Growth, Room Selection, Conversion Rates, OTA, User-friendly, Hospitality Industry.

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