By HTN staff writers - 9.28.2024
This week in hotel technology saw a focus on financial technology, strategic partnerships, and the growing importance of data security and compliance. Here’s a recap of the top stories:
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Mews Secures $100 Million in Financing from Vista Credit Partners: Mews, a leading hospitality cloud platform, secured $100 million in financing from Vista Credit Partners to accelerate its growth and M&A strategy. The company plans to use the funding to further establish itself as a market leader in the rapidly evolving hospitality technology sector.
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OYO to Acquire Motel 6 Parent Company G6 Hospitality: Indian travel tech company OYO announced its agreement to acquire G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone Real Estate for $525 million. This strategic move expands OYO’s footprint in the U.S. economy lodging market.
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Instant Financial Announces New Mobile App for Improved Employee Pay Flexibility: Instant Financial released a new mobile app with enhanced features, including faster access to earned wages, modern security protocols, and flexible payment options. This update aims to empower employees with greater control over their finances and meet the evolving demands for on-demand pay access.
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Adyen Research Highlights the Importance of Payment Flexibility for Hotel Guests: A new study by Adyen revealed that over a third of consumers have abandoned hotel bookings due to limited payment options. The research underscores the growing importance of offering a seamless and flexible payment experience to enhance guest satisfaction and drive revenue.
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Mirai Integrates with Channel Manager Omnibees: Mirai, a hotel technology provider, announced its integration with Omnibees, a channel manager with a strong presence in Latin America. This partnership will enable Mirai’s hotel clients to manage their inventory, pricing, and booking engine restrictions directly through the Omnibees platform, streamlining operations and expanding their reach in key markets.
- The Hotels Network Achieves SOC 2 Data Security Compliance: The Hotels Network (THN) announced its SOC 2 Type I compliance, becoming one of the first SaaS companies in hotel technology to achieve this certification. This achievement underscores THN’s commitment to maintaining the highest levels of security, confidentiality, and integrity in its operations, building trust with its hotel clients.
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Asset Management & Hotel Service Optimization Takes Center Stage at HVMG’s First Engineering Conference: Hospitality Ventures Management Group (HVMG) held its inaugural Engineering Conference, focusing on asset management and service optimization. The event highlighted the importance of technology in enhancing hotel operations, with a particular emphasis on HVMG’s exclusive asset management and service optimization solution, OpsTechPro.
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White Pine Digital Launches BlockCMS, an AI-Powered Website Builder for Hospitality Businesses: White Pine Digital introduced BlockCMS, a website builder designed specifically for small businesses in the hospitality industry. The platform leverages AI to simplify website creation, enabling hotels, campgrounds, and activity businesses to build modern, effective websites without coding or design skills.
This week’s news highlights the ongoing innovation and evolution within the hotel technology landscape. As the industry continues to adapt to changing traveler expectations, technology is playing a crucial role in driving efficiency, enhancing guest experiences, and shaping the future of hospitality.