Overview

Hotel Engine provides a platform for businesses to manage their lodging needs in the hospitality industry. The platform offers access to exclusive rates at over 700,000 hotels worldwide, making it a budget-friendly option for companies. Users can book and manage their accommodations on a single, easy-to-use platform without the hassle of contracts or minimum spending requirements, making it suitable for businesses of all sizes. Hotel Engine stands out from competitors by focusing on customer service and providing a seamless experience for trip management. The company's goal is to transform the lodging process for businesses, making it more efficient and cost-effective.

Simplify's Take

What believers are saying

• Increased demand for contactless check-in aligns with Hotel Engine's tech-driven platform.
• Rise of 'bleisure' travel creates opportunities for bundled business and leisure packages.
• Remote work trends increase demand for flexible travel solutions, benefiting Hotel Engine.

What critics are saying

• Increased competition from startups offering similar services at lower costs.
• Remote work and virtual meetings may reduce demand for business travel.
• Economic downturns could lead to reduced corporate travel budgets, affecting revenue.

What makes Hotel Engine unique

• Hotel Engine offers exclusive rates at over 700,000 hotels worldwide.
• The platform provides a unified view of all company travel and spend.
• Hotel Engine allows trip modifications without sunk costs, enhancing flexibility.

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Funding

Total Funding

$215M

Above

Industry Average

Funded Over

3 Rounds

$140,000,000

Series C

Sep 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$140M

View all funding stages