There are 27 million hotels globally, a number that is expected to grow strongly over the next few years. Europe is the world leader in this industry with € 624 million in revenue, 2.28 million employees in 2016, accounting for 5% of European GDP. Europe receives more than 600 million visitors each year, focusing on the Mediterranean region. Our Target segment consists of hotels that have up to 50 rooms but no chain, small chains totaling 150 rooms in total, and/or up to individuals actively offering 1-2 accommodations on AirBnB. In Europe it means more than 60% of the market, because here the industry is very fragmented. For example, consider that the average hotel spends 35 rooms, 7 employees and around 10,000-15,000 € per year in IT systems.
Our goal is to provide these hotels with a platform, which will serve for them as an online personal assistant, suggesting the hotel managers with the best prices for their rooms, managing customer needs, and communication.