Paymerang has achieved unparalleled growth in the hospitality industry over the past two and a half years. Currently, 4 of the top 10 domestic U.S. management companies use Paymerang’s world-class Accounts Payable (AP) Automation, further exemplifying Paymerang’s success within this sector.
RobertDouglas announced today that it represented MCR in its sale of three premium select-service properties to the Braintree Group, which will be managed by Resolute Road Hospitality, The Braintree Group’s preferred management team.
M3, the nation’s #1 provider of hotel-accounting software and services, announced a significant transition in its leadership team. Effective immediately, Allen Read will take on the role of Chief Executive Officer, succeeding John McKibbon, who will continue his invaluable service as Chairman. Alongside this change, M3 announced that Casi Johnson has been promoted to the position of President.
BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces Glenn Haussman as its keynote speaker for the 2023 Customer Conference.
Access Hospitality, part of the Access Group, has today announced the acquisition of Guestline. The acquisition presents an exciting opportunity for Access to expand the range of products it can offer hotel operators, who will benefit from a greater range of solutions that best suit their operational requirements.
As exclusive advisor, RobertDouglas announced today that it successfully refinanced Chartwell Hospitality and Soundview Real Estate Partners’ dual-branded Residence Inn & Courtyard Kansas City Downtown Convention Center in Kansas City, MO. RobertDouglas secured roughly $36,000,0000 of fixed-rate debt with highly attractive pricing from a balance sheet lender. The loan carries a 3-year term with open pre-payment after an initial 12-month lockout.
Fairmas a leading provider of financial planning and analysis software for the hospitality industry, is delighted to commemorate its 20th anniversary and announce its presence at HITEC. Recognized as a trusted partner to hotels worldwide, Fairmas offers a comprehensive 360° Hospitality Financial BI Solution that empowers hoteliers to make informed financial decisions and optimize their operations.
For too many years, African hospitality leaders have worked incredibly hard to maintain operational standards when critical products are unavailable to be sourced on time due to a myriad of reasons, from changing trade restrictions, poor transport infrastructure, currency fluctuations, and supply chain breakages.
Milestone Inc. is thrilled to announce the lineup of distinguished speakers for Engage2023, the highly anticipated premier digital marketing summit for marketers, on July 31st and August 1st at Caesars Palace in Las Vegas, NV.
Agilysys, Inc., (Nasdaq: AGYS), a leading global provider of hospitality software solutions that deliver High Return Hospitality, today announced it will participate in the 20th Annual Craig-Hallum Capital Group Institutional Investor Conference, which will be held in person at the Depot Renaissance Hotel Minneapolis in Minneapolis, Minnesota on Wednesday, May 31, 2023.
The Canadian gaming industry thrives as one of the most dynamic sectors in the world. Each year, industry professionals, experts, and enthusiasts come together at the Canadian Gaming Summit (CGS)—the country’s premier annual conference and exhibition for Gaming and Sports Betting senior executives from across the globe—to explore the latest trends, innovations, and challenges in the realm of casinos and gaming.
This summer, the producers of HITEC at HFTP are bringing thousands of hospitality professionals together to showcase their products and services to high-level professionals and key decision-makers in the industry, enhancing their brand awareness and global visibility.
Growth Advisors International Network (GAIN), a leading travel and hospitality innovation and growth advisory firm, is pleased to announce that Kim Phoebus has joined as a GAIN Advisor and leader of the new GAIN Hospitality and Finance Advisory Group. Beyond the delivery of industry leading fractional CFO services, Phoebus will be leading a team of fellow experienced finance and business management GAIN Advisors, delivering impactful and specialized advisory to travel and hospitality industry GAIN clients to achieve their financial, business operations and M&A goals.
M3, the leading cloud-based hospitality accounting and reporting company, is pleased to announce the appointment of Scott Watson to LendingCon’s advisory board. LendingCon is an organization that was founded for one purpose, to help real estate owners increase profits and grow their hotel portfolios.
BirchStreet Systems, the market leader in P2P software for the hospitality industry, announces it is exhibiting at The Hospitality Show, a brand new industry event hosted by The Venetian Resort in Las Vegas, this summer.
Thynk, a global provider of advanced technology solutions for data-driven hotel sales and operations management, today announced details on its latest successful round of investment, resulting in $13 million received in Series A funding. The injection of capital combined with Thynk’s impressive revenue growth will further fuel the company’s accelerated R&D efforts as well as its ongoing global expansion, with teams and customers already present in European, American and Middle East hospitality markets.
Milestone Inc, a premiere MarTech software and solutions brand, is announcing a series of technology updates and integrations. Milestone offers a suite of MarTech products, including the proprietary best-in-class, SEO-first CMS platform technology. Additionally, clients benefit from Local, Schema, and FAQ Management solutions as well as Analytics & Business Insights that power search engine optimization for B2C and B2B businesses. Milestone Inc is proud to announce the following technology updates and integrations: Milestone Analytics: With Google Analytics 4 becoming the standard for website and app traffic analysis as Google sunsets Universal Analytics in July 2023, Milestone has completed over 500 successful migrations to help businesses prepare for the cookie-less future. These efforts allow clients to stay ahead of the curve by futureproofing them for the changes that GA4 is poised to bring. With Milestone Analytics, businesses can view granular website traffic data via a set of dynamic widgets to give users a comprehensive view of their online presence across locations and channels. Milestone Menu Manager: Milestone’s Menu Managers offer businesses a scalable solution to manage menus on Google across business profiles. As every menu is optimized for search, it improves a business’ relevance in search for its menu items. Thanks to Milestone Menu Manager, companies can add and publish menus across locations simultaneously, customize menus for select areas, add menu item attributes to drive relevance, reorganize their menus, and more. Milestone Schema Validator: Milestone Schema Manager now supports Schema.org v15.0 vocabulary update. The latest version of Schema.org’s shared vocabulary for structured data has several fixes and potential updates, including eCommerce additions via the pending section and other miscellaneous fixes. With the latest updates, Schema Manager’s feature ‘Drift’ detects changes in vocabulary on pages and alerts users to update their webpage Schema. Implementing Schema.org’s Vocabulary 15 helps users create highly granular structured data for their pages, allowing search engines to quickly categorize pages for various rich results, improving visibility across SERPs (Search Engine Results Pages), and driving traffic to their website. In addition to supporting the vocabulary update, Milestone Inc. has enhanced its Schema management capability with the launch of an easy-to-use tool to validate website Schema for all 800+ Schema types. The Milestone Schema Validator ensures that markup is error-free, making it a valuable tool for B2C and B2B businesses. https://schemavalidator.milestoneinternet.com/ Generative AI: With Generative AI taking center stage in technology over the last few months, Milestone Inc. has announced integrations that leverage generative AI to drive the visibility of businesses on search and improve a business’ speed to market. From using AI/ML to automate key SEO requirements within their CMS platform to the generation of FAQs using URLs or search terms, auto-population of Schema for pages with similar content and DOM structures, and AI/ML trained chatbot for customer support, Milestone's products have adopted AI to make processes seamless and efficient for businesses to meet their visibility and speed to market goals. According to Ritika Chugh, Sr. Director of Products, Milestone Inc., "Our innovation focus is a testament to our commitment to providing our clients with the most comprehensive platform suite that allows them to improve their overall digital presence and reach. With these new investments in Analytics, Menu Manager, Schema Validator, and Generative AI, we bring our best-in-class products and services to customers worldwide." “With the launch of the Milestone Schema Manager and Validation tool and by adding AI-driven capabilities, we continue to push the boundaries of what is possible in digital marketing. Our goal is to help businesses achieve their desired outcomes in the most efficient and effective way possible," said Sathya Krishnamurthy, CPO of Milestone Inc. About Milestone Inc. Milestone drives online discovery and customer acquisition with our digital presence platform and performance marketing services. Over 2,000 companies in Hospitality, Retail, Financial Services, and Automotive industries use Milestone to drive online growth. Customers include global hospitality, banking, retail, and automotive brands, including Marriott, US Bank, One Nevada Credit Union, VMWare, Nissan, Motel6, Preferred Hotels, Sun Outdoors, mid-market companies, and SMBs. Milestone platform provides client solutions via Website CMS, Schema Manager, Local listings, Reviews Management, FAQ Manager, and Analytics. In addition, Milestone offers Performance Marketing Services for Content, Design, SEO, Paid Marketing, and Analytics to our clients. Annually, over 300 million visitors use websites developed on Milestone CMS, 540 million consumers click on content powered by Milestone Schemas, and 3.7 billion consumers search for businesses powered by Milestone Local. The Milestone platform is amongst the highest-rated MarTech platforms recognized by Forrester and awarded by G2, Adrian Awards, US Search Awards, Search Engine Land, CMS Wire, and others. If you wish to learn more about Milestone, book a demo at https://www.milestoneinternet.com/
Apaleo, The open hospitality platform, announces a growth equity round bringing its Series A funding to €9 million. Apaleo selected new growth investors, Rockaway Ventures and Serpentine Ventures to lead the round with returning investors including Redalpine, and Force Over Mass Capital. Several high-profile angel investors from the hospitality industry have also joined the round. The funding will primarily be used to further develop the platform for hotel & serviced apartment chains as well as accelerate expansion throughout Europe.
M3, the hospitality industry's #1 cloud-based financial and data management platform, has been awarded Best Cloud-Based Financial Platform 2022 – USA and LUXlife Charity Excellence Award 2022 in the 2022 Technology Innovator Awards. M3 was chosen above other companies for its innovation, thoughtfulness, helpful methods, and pioneering software. After 24 years in business, M3 is used by more than 1,000 management groups, owner-operators, and hotels of all sizes, and boasts a 95% customer retention rate.
After a 5-year partnership with Recruit Group, TrustYou seizes the opportunity to buy back full ownership of company shares with a renewed vision and an opportunity to expand and grow in the hospitality space. Munich, 25 January 2023 - Today, TrustYou announced that with backing from reputed technology investor Ventech, they have completed a management buyback of shares in a recent acquisition. As a result, they will no longer be under the umbrella of Recruit Group, a leading technology group based in Japan. In 2017, Recruit acquired TrustYou intending to invest and expand in the international hospitality and travel market. Recruit made moves outside of Japan to discover “Opportunities for Life” worldwide. Established in 2008, TrustYou has grown from a humble start-up and led the way in travel tech with a strong leadership team that appealed to Recruit and their principles of entrepreneurship within their business holdings and a vast portfolio of software companies. Recruit realized the potential of TrustYou, seeing that the software company established itself globally with its unique all-in-one Guest Experience platform. Recruit was very pleased with TrustYou’s development and sees a strong future as they continue to innovate and focus on the customer journey. Since Recruit’s portfolio strategy no longer aligns with the further growth of TrustYou, the team was very supportive of the management buyout. “The opportunity to include TrustYou in our overall strategy for the last five years was a positive experience for us to lean into the hospitality sector and understand the importance of technology in travel. TrustYou has a strong foundation, and we have no doubt the company will continue to seek innovative solutions to enhance the guest experience,” says Yoshihiro Kitamura, President and Representative Director of Recruit Co., Ltd. With new ownership comes a new vision for the company. Ben Jost, CEO of TrustYou, states, “We see TrustYou's future in helping hospitality and travel to make guests happy. Today's core focus is to provide a best-in-class platform for hoteliers, DMO's and travel partners to measure and act on guest happiness via surveys, reviews, and guest communication. We will also be very active in acquiring and building more best-of-breed technology and tools to further increase guest happiness and revenue while decreasing operational cost.” Seeing the value in this opportunity, venture firm Ventech, with the support of Ventech Managing Partner Christian Claussen, and Jan Webering with BauwensX, led the buyout financing. TrustYou founder & CEO Ben Jost is also a significant investor in the acquisition. Rounding out the remaining capital contribution, Ullrich Kastner, Founder and CEO of MyHotelShop. “When the opportunity presented itself to invest in Ben and the team, it was an easy decision. We see a clear path to a significant return on our investment and have complete confidence in the team, and product, to deliver outstanding results.” said Claussen. Jan Webering, former CEO of one of Europe’s largest engineering IT Service companies, Avenga, and the new chairman of TrustYou’s board, said of the acquisition, “The new holding will focus on creating value by developing technologies that support hospitality providers in delivering an exceptional guest experience. The speed by which consumer expectations change will require dynamic and scalable technology solutions to ensure that travel and hospitality companies can consistently deliver a great experience. In the end, we are here to help make guests happy.”