Duetto Acquires HotStats to Further Accelerate Expansion in the Hospitality Software and Data Ecosystem
Duetto, a leading provider of revenue management software for the hospitality industry, today announced the acquisition of HotStats, a global leader in financial benchmarking for hotels. The acquisition accelerates Duetto’s ambition to become the definitive revenue and profit operating system for the hotel industry, equipping hoteliers worldwide with a differentiated view of both their top-line revenue and operating performance across rooms,...
Photo by Duetto
San Francisco, CA — Duetto, a leading provider of revenue management software for the hospitality industry, today announced the acquisition of HotStats, a global leader in financial benchmarking for hotels. The acquisition accelerates Duetto’s ambition to become the definitive revenue and profit operating system for the hotel industry, equipping hoteliers worldwide with a differentiated view of both their top-line revenue and operating performance across rooms, food & beverage, and ancillary services.
We’re thrilled to welcome HotStats into the Duetto family. By augmenting our existing suite of solutions with HotStats’ industry-leading financial benchmarking data asset, we’re able to deliver the industry’s most comprehensive solution for driving revenue and profit optimization. Together, we will reimagine what’s possible for hotel revenue and profitability. David Woolenberg, CEO of Duetto
HotStats’ core offering in hotel profitability benchmarking enriches Duetto’s mission to unify every revenue stream under one platform. This new partnership will give hoteliers a clear, actionable view of their overall profits, driving data-backed decisions that increase efficiency and elevate the guest experience.
Duetto’s commitment to reshaping revenue and profit optimization resonates strongly with our complementary focus on actionable financial insights. We see enormous potential in joining forces, extending our impact to help hotels identify opportunities to improve efficiency, better meet customer demand, optimize profitability across every facet of their operations. Michael Grove, CEO of HotStats
HotStats has long been a pioneer in profitability benchmarking, and it is only fitting that the next stage of its evolution will be with an equally visionary hospitality technology provider. Jonathan Langston, founder and retiring Chairman of HotStats
This acquisition spotlights Duetto’s dedication to strategic expansion under the ownership of GrowthCurve Capital, which acquired Duetto last year. By developing and employing advanced analytics, robust reporting, and an ever-evolving product suite, Duetto affirms its status as a go-to partner for hotels seeking a unified source of truth for their revenue intelligence and profitability metrics. The entire HotStats team will be joining Duetto as part of the transaction.
Houlihan Lokey served as financial advisor and Orrick, Herrington & Sutcliffe served as legal counsel to Duetto. Gately plc served as legal counsel to HotStats. Terms of the transaction were not disclosed.
About Duetto
Duetto drives unreal hotel performance by turning insight into smarter commercial decisions with the Revenue & Profit Operating System.
Serving over 20,000+ properties worldwide, Duetto helps hotels, casinos and resorts capture more demand, protect their strategy, and prove business impact with profit benchmarking through HotStats.
Its product suite — spanning intelligent pricing, demand signals, forecasting, group business management, and P&L benchmarking — allows commercial teams to move from measuring revenue to total profit visibility.
About HotStats
HotStats, a Duetto company, is a global data benchmarking company offering specialized performance analysis and a benchmarking tool that helps analyze financial and operational data from a diverse range of hotels globally. This provides hotel owners, operators, and investors with valuable insights into the financial performance of their properties against their competition – an invaluable resource for weighing options and evaluating investment opportunities. For a quick demo, email us at [email protected] or visit www.hotstats.com.