About Hotel Engine
Hotel Engine provides a platform for businesses to manage their lodging needs in the hospitality industry. The platform offers access to exclusive rates at over 700,000 hotels worldwide, making it a budget-friendly option for companies. Users can book and manage their accommodations on a single, easy-to-use platform without the hassle of contracts or minimum spending requirements, making it suitable for businesses of all sizes. Hotel Engine stands out from competitors by focusing on customer service and providing a seamless trip management experience. The company's goal is to transform the lodging process for businesses, making it more efficient and cost-effective.
Glendale, CaliforniaHeadquarters
2015Year Founded
$215MTotal Funding
SERIES_CCompany Stage
Consumer Goods, EntertainmentIndustries
501-1,000Employees
Risks
Increased competition from startups offering similar services at lower costs.
Remote work and virtual meetings may reduce demand for business travel.
Economic downturns could lead to reduced corporate travel budgets, affecting revenue.
Differentiation
Hotel Engine offers exclusive rates at over 700,000 hotels worldwide.
The platform provides a unified view of all company travel and spend.
Hotel Engine allows trip modifications without sunk costs, enhancing flexibility.
Upsides
Increased demand for contactless check-in aligns with Hotel Engine's tech-driven platform.
Rise of 'bleisure' travel creates opportunities for bundled business and leisure packages.
Remote work trends increase demand for flexible travel solutions, benefiting Hotel Engine.
Funding
Total raised$214.97 M
Latest valuation$2.10 B
StageSERIES_C
SERIES C
8/31/2024$140
$2.10 BSERIES B
11/30/2021$65
$1.30 BSERIES A
8/31/2019$16
$134.00 M