ROH raises $9M in funding.

NEW YORK--(BUSINESS WIRE)--ROH, the first digital platform tackling the $4 trillion dollar opportunity of global hospitality payment volume, today announced that Inn at Rancho Santa Fe, an Evolution Hospitality property, has chosen its solution to power contracting, invoicing, and payments. Currently representing over 60 percent of hotels’ payment volume, contract-driven revenue - encompassing everything from meetings and events to corporate room blocks and food and beverage - is a massive opportunity for growth in the industry as hotel operators seek technology solutions that enable them to do more with less. Features of ROH that ensure the platform eases operational friction include card-on-file capabilities and auto-payment for corporations and individuals executing contracts at a property. “We ended 2023 with incredible traction across hotel operating companies, asset owners, and brands as corporate bookings surged back. Each quarter properties are increasing the total payments volume they run through ROH by over 50 percent as they - for the first time - gain visibility across sales and finance,” said Jess Conroy, CEO and Founder, ROH. “Hotel operations meaningfully benefit from event-associated revenue being run through ROH given cash flow is paramount as property utilization strongly rebounds

The Loews New Orleans Hotel has partnered with ROH to grow revenue and increase conversions while providing guests with an elevated payment experience.