Hotelmize is a travel tech startup that helps online travel agencies, tour operators, and other resellers in the hotel booking industry increase their profits. It does so by combining Big Data and AI technology—similar to stock-market trading technology—to develop a range of analytical algorithms capable of detecting price drops and determining if the rate has reached the lowest possible point. Hotelmize's technology forecasts hotel rate fluctuations based on more than 23 million hotel rate samples, globally. In 2019, the technology was applied to 280,000 hotel bookings, resulting in a total saving of USD 15 million for its clients and an average saving of ~USD 70 per booking. It planned to officially launch its product portfolio in Q2 2023.
Key customers and partnerships
As of February 2023, Hotelmize had more than 70 clients; it is partnered with more than 100 companies across more than 30 countries.
Funding and financials
In January 2023, Hotelmize raised USD 12 million in funding led by Flashpoint to continue its growth and further develop its optimization products.
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