The global market for Hotel PMS was valued at USD 2501 million in the year 2024 and is projected to reach a revised size of USD 7301 million by 2031, growing at a CAGR of 16.8% during the forecast period.  Download Free Sample Report on Hotel PMS Market  Why Is the Hotel PMS Market Growing So Rapidly?  The hotel PMS market is evolving with rising demand for flexible, scalable, and integrated solutions that support modern hospitality operations. These platforms are enabling centralized control of reservations, guest services, billing, and analytics, replacing fragmented legacy systems. As guest expectations shift toward personalization, convenience, and contactless interactions, hotels are investing in PMS platforms that offer real-time connectivity and seamless integration with third-party services. From boutique properties to large international chains, the emphasis is on improving efficiency while delivering memorable guest experiences. The growing presence of SaaS-based offerings, mobile features, and AI-driven tools is reshaping the competitive landscape. With digital adoption accelerating, the hotel PMS market is poised for robust and sustained growth.  Source from Valuates Reports  TRENDS INFLUENCING THE GROWTH OF THE HOTEL PMS SERVICE MARKET:  Cloud-based hotel PMS solutions are transforming property management by offering flexibility, scalability, and real-time accessibility. These platforms eliminate the need for costly on-site infrastructure and enable hotel staff to access system functionalities from any device, streamlining operations and guest services. Cloud systems support automatic updates and data backups, reducing maintenance burdens and ensuring security. They also integrate easily with third-party tools such as booking engines, channel managers, and payment gateways. As the hospitality industry increasingly prioritizes operational agility and remote management, cloud-based PMS solutions are gaining rapid adoption. Their ability to centralize operations across multiple properties and provide seamless user experiences makes them a preferred choice for both independent hotels and large chains, driving strong market expansion.  On-premise hotel PMS solutions continue to hold relevance in the hospitality industry by offering complete control over data and customization. These systems are often favored by large hotel chains and properties with unique operational needs or regulatory constraints. On-premise setups provide enhanced privacy and performance stability, particularly in locations with unreliable internet connectivity. Many traditional hotels still rely on these systems due to established workflows and high switching costs. With dedicated servers and in-house IT management, on-premise solutions support tailored modules that align with specific brand standards. While cloud adoption is growing, the continued use of on-premise systems contributes to the diverse software landscape in the hotel PMS market, catering to varying business sizes, locations, and preferences.  Small and medium-sized hotels are emerging as a key segment fueling the growth of the hotel PMS market. These businesses are increasingly investing in streamlined and affordable PMS solutions to enhance operational efficiency and guest satisfaction. For SMEs, PMS platforms offer automation of front-desk operations, housekeeping, invoicing, and booking management, all within a single interface. Cloud-based options are particularly appealing to this segment due to their lower upfront costs and ease of deployment. With increasing online bookings and digital guest expectations, SMEs are adopting technology to remain competitive. Vendors are offering modular and scalable solutions tailored to the needs of smaller properties, enabling them to operate professionally without requiring large IT teams, thus contributing significantly to market expansion.  The automation of front desk operations is a major driver for the adoption of hotel PMS solutions. These systems enable quick check-in and check-out processes, guest profile management, room availability tracking, and instant communication with housekeeping. By reducing manual tasks, staff productivity is improved, and guest wait times are minimized. Automated systems also provide real-time data access, which enhances coordination among departments. This smooth workflow creates a better guest experience and reduces the risk of errors. Integration with mobile apps further streamlines guest interaction, allowing features such as contactless check-in. Hotels seeking efficiency and improved service quality are increasingly investing in PMS platforms that offer strong front-desk automation capabilities, reinforcing their position in the market.  Hotel PMS platforms are playing a crucial role in managing multiple booking channels, including direct websites, travel agents, and online travel agencies. Seamless integration ensures that inventory is updated in real-time, avoiding overbookings and missed opportunities. The synchronization of room availability and pricing across platforms allows hotels to maintain consistent offers and optimize revenue management strategies. Integrated PMS systems support promotions, loyalty programs, and personalized marketing efforts, making them indispensable for competitive positioning. As guest expectations for instant confirmation and seamless experiences grow, the need for multi-channel management becomes essential. The ability to automate channel operations within the PMS system reduces workload and enhances visibility, strengthening the PMS market's value proposition for modern hotels.  Hotel PMS solutions are central to enhancing the guest experience by enabling personalization, seamless service, and prompt responsiveness. These systems maintain comprehensive guest profiles that include preferences, booking history, and feedback, allowing staff to anticipate needs and deliver tailored experiences. From pre-arrival messages to post-stay surveys, PMS platforms support every stage of the guest journey. Features like automated upselling, amenity requests, and room upgrades contribute to a more enjoyable stay. Integration with mobile apps enables contactless services and real-time communication. As guest satisfaction becomes a key differentiator in the competitive hospitality landscape, hotels are investing in PMS systems that go beyond operational efficiency and contribute directly to building long-term customer loyalty and reputation.  Claim Yours Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-15Z4141&lic=single-user  What Are the Key Categories in the Hotel PMS Market?  Cloud-Based  On Premise  From Hospitality to Healthcare: Who's Using Hotel PMS Today  SMEs  Large Enterprises  Hotel PMS Market Leaders Revealed – Who's Powering Hospitality Tech?  Cloudbeds  Guesty  WebRezPro  DJUBO  StayNTouch  SkyTouch  innRoad  Oracle OPERA  Preno  Mews  Maestro PMS  Hotelogix  What Is the Largest Regional Market for Hotel PMS?  In North America , the hotel PMS market is driven by the adoption of cloud-based platforms, strong tourism infrastructure, and high technology awareness.  Europe showcases steady growth with emphasis on guest personalization and sustainability features across hotels in countries like the UK, Germany , and France  Asia-Pacific is rapidly expanding due to rising tourism, hotel chain development, and the digital transformation of hospitality businesses in India China , and Southeast Asia  Purchase Regional Report on Hotel PMS Market  SUBSCRIPTION  We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.  Emerging Markets Driving Growth of the Hotel PMS Industry:  The global was valued at USD 23670 million in the year 2023 and is projected to reach a revised size of USD 35430 million by 2030, growing at a CAGR of 5.4% during the forecast period.  The global was valued at USD 7124 million in the year 2024 and is projected to reach a revised size of USD 14370 million by 2031, growing at a CAGR of 10.7% during the forecast period.  The global was estimated to be worth USD 3732330 million in 2023 and is forecast to a readjusted size of USD 4572350 million by 2030 with a CAGR of 2.9% during the forecast period 2024-2030.  The global is projected to grow from USD 495 million in 2024 to USD 782.9 million by 2030, at a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period.  The global is projected to grow from USD 96 million in 2024 to USD 148.2 million by 2030, at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.  The global was valued at USD 17900 million in the year 2024 and is projected to reach a revised size of USD 27460 million by 2031, growing at a CAGR of 6.4% during the forecast period.  The global was estimated to be worth USD 19480 million in 2023 and is forecast to a readjusted size of USD 34020 million by 2030 with a CAGR of 8.1% during the forecast period 2024-2030.  The global was valued at USD 700 million in the year 2024 and is projected to reach a revised size of USD 1457 million by 2031, growing at a CAGR of 11.2% during the forecast period.  DISCOVER OUR VISION: VISIT ABOUT US!  Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.  Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.  To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.  Contact Us Valuates Reports  sales@valuates.com For U.S. Toll-Free Call 1-(315)-215-3225  WhatsApp: +91-9945648335  Explore our blogs & channels:  Blog: https://valuatestrends.blogspot.com/ Pinterest: https://in.pinterest.com/valuatesreports/ Twitter: https://twitter.com/valuatesreports Facebook: https://www.facebook.com/valuatesreports/ YouTube: https://www.youtube.com/@valuatesreports6753  Localized content:  Korean: https://www.facebook.com/valuateskorean Spanish: https://www.facebook.com/valuatesspanish Japanese: https://www.facebook.com/valuatesjapanese Spanish: https://valuatesreportspanish.blogspot.com/ Korean: https://valuateskorean.blogspot.com/ German: https://valuatesgerman.blogspot.com/ Japanese: https://valuatesreportjapanese.blogspot.com/  Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg  View original content: https://www.prnewswire.com/news-releases/hotel-property-management-system-market-to-reach-usd-7-3-bn-by-2031--growing-at-16-8-cagr--market-forecast-20242031---valuates-reports-302554073.html  SOURCE Valuates Reports  Back | Next story: Critical Infrastructure Protection Market worth $197.13 billion by 2030 | MarketsandMarkets™

Hotel Property Management System Market to Reach USD 7.3 Bn by 2031, Growing at 16.8% CAGR | Market Forecast 2024-2031 - Valuates Reports

September 28, 2022
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The hospitality sector is made up of several sectors within the service industry. Restaurants, bars, casinos, food trucks, resorts, hotels, cruises, amusement parks, tours and travel are all a part of the hospitality industry. - Advertisement -
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This industry is not only important for businesses or employees. It is also important for economies, and the size of the global hospitality market is expected to grow to $4548.42 billion in 2022. As of December 2021, this multi-billion dollar industry supported and employed 15.11 million people in the US alone. Although a major player in the service sector, the hospitality industry relies heavily on customer satisfaction and word of mouth. - Advertisement -
But in the age of the Internet, how can businesses in the hospitality industry ensure that they provide their customers with an enjoyable experience that stands out from the competition? Using SaaS Tools. The Ultimate Guide to the Best SaaS Tools for Professionals in the Hospitality Industry
There are about 84.41 thousand businesses operating in the hospitality sector, so the competition is fierce. Devotion and dedication are paramount for a business to survive in this field, but is it enough for the business to flourish and remain relevant? Answer is negative. Businesses in the hospitality industry need to adopt new technologies, take advantage of business automation and make tedious activities less challenging for their employees, manage accounts, cut unnecessary costs, automate repetitive manual tasks, and communicate with customers. Tools need to be used to communicate effectively. This is where digital innovations such as software as a service (SaaS) tools come into the picture. Effective use of SaaS tools will help you save both time and money across the board. Cloud-based PMS (Property Management Software) empowers multiple functional areas of the hospitality business to enhance the customer experience. This ultimate list of the best SaaS tools will help professionals find the right tools based on their needs. The 9 Best SaaS Tools for Hospitality Industry Professionals
The potential of SaaS tools to simplify the lives of professionals in the hospitality industry is immense. Let’s take a look at the best of them. Agendrix’s hotel scheduling software is a modern HR toolkit for hospitality professionals to automate scheduling, timesheets, attendance records, and stay connected. Agendrix will help you create everyone’s work schedule as you will have access to centralized data, which also takes into account constraints. This SaaS tool lets you turn your current device into a punch clock so you can keep track of everyone’s attendance and breaks. This will enable you to keep an eye on labor costs and overtime. Agendrix uses this data to automatically fill out timesheets and highlight discrepancies, if any. With Agendrix’s instant messaging option, you can easily tackle last-minute hassles and update your employees instantly, all while keeping you in the loop. This will help everyone stay connected and help you build better relationships with your employees. Agenda is easy to set, available on the App Store and Google Play, supports email notifications, and will free up precious time so you can better take care of your customers and employees. Apalio is an open hospitality platform that helps you efficiently manage and run any property – hotel or apartment. It is an API-first hospitality platform, meaning that Apalio first builds the API, or connectivity layer, and then the PMS is built on top of it. Apalio’s API-first approach makes all the data in the business’s legacy PMS easily accessible and available. With Appelio, data can be migrated quickly and seamlessly, mundane tasks can be automated to accelerate business operations and cut costs, and you can even roll out your own software. Huh. This SaaS tool empowers your employees to focus on high-impact tasks and work on serving your guests, providing them with a remarkable and memorable experience. The best part is that there are no set up costs, no hidden charges, and it simplifies all your workflow. Canary Technologies provides highly qualified technical solutions for accommodation properties such as resorts and hotels. This SaaS tool is designed by industry veterans to help you generate more revenue, provide a pleasant experience to your guests, and increase the efficiency and productivity of your employees. With Canary Technologies, you can provide your guests with an impeccable suite of solutions to save time and enhance their experience. For example, your guests can check-in online, upload their ID and fill out a registration form with a unique link. The tool is also designed to dynamically sell your services and features, send notifications to your guests, offer digital tipping for your employees, and facilitate contactless checkout. Preno is a simple cloud-based PMS and is suitable for handling small teams. This software will automate tedious administrative tasks, saving you both time and effort. Preno can be used to simplify guest reservations and billing and integrate with your existing or other hospitality systems. This SaaS tool is designed to give you secure access to your operating system from anywhere. It aims to provide a pleasant experience to its guests by streamlining the reservation and check-in process. EasyPMS is a cloud and web-based hotel management software. This SaaS tool is suitable for any type and size of asset, and includes booking engine, rate manager, channel manager, SPA manager and POS. EasyPMS runs on the latest technology and is quick, efficient, reliable, and works on any device or browser. It does not require any servers, licenses, maintenance or upgrades making it an affordable solution for professionals in the hospitality industry. Oracle Hospitality provides technology solutions for a variety of sectors, including hotels and resorts, casinos and gaming, hotel food and beverage, and cruises. Oracle Hospitality has over 40 years of experience in providing both hardware and software services to professionals in the hospitality industry. With this SaaS tool, you can create a pleasant relationship between your guest and employees, offer customized marketing to attract new guests and keep your old guest roster satisfied, in real-time with your guests. You can personalize services according to your needs, leverage your human capital, i.e., your employees, and sell your services and facilities to your guests based on their preferences. Oracle Hospitality is well suited to handle your back-end tasks as well. You can provide your guests with many options to view and pay their bills, improve your business financial plan, increase sales, and arm your IT staff with Oracle Cloud infrastructure. StayTouch is a cloud-based PMS that empowers your guests to take charge of their experience, deliver exceptional service to your staff, and let you manage and operate your hotel the way you want. Its intuitive UI will help increase productivity, reduce unnecessary costs, enhance your guest experience, and increase revenue. This SaaS tool comes with a multitude of features, interfaces and virtual check-in solutions to provide you, your guests and employees a safe, fast and enjoyable experience. With StayTouch, you can run your hotel on or off the property, send automatic upsell offers to your guests, and build long-lasting relationships with your staff and guests alike. ChargeAutomation is an online check-in, payment automation, security deposit collection and upsell SaaS tool for the hospitality industry. Through ChargeAutomation, you can give your guests a portal where they can get check-in instructions, receipts, access codes, manuals and customer support. This SaaS tool comes with 120 payment gateways to give you and your guests a wide range of payment gateways to choose from. It can also integrate with any PMS, channel management system and web booking engine. Your business may provide best-in-class customer experience, but it’s still not on the proverbial map if there aren’t excellent reviews online. Most consumers are checking reviews online before making a reservation and only a small percentage of customers are willing to give feedback, what do you do? You take the help of SaaS tools like GuestRevu to collect feedback from your customers and help you manage your reputation online. You can better understand your guests’ expectations and experiences through GuestRevu’s surveys. You can view all your reviews online gathered from popular review sites to stay on top of your online reputation management. GuestRevu’s analysis and reporting will enable you to make operational decisions to help you improve your customer experience, manage your online reviews, and increase your revenue. It lets you keep track of your competitors’ online reputations and is free forever. SaaS Appliances Are a Hospitality Industry Professional’s Best Friend
Hospitality leaders and professionals must be highly agile and adapt to changing customer preferences and increasing demands. The integration of SaaS tools will not only give you a leg up on your competitors but also pivot according to consumer sentiments. SaaS tools are essential to improve your operations with technology, make data-informed decisions, automate tedious tasks, empower small businesses, reduce churn, and gift your guests with an experience to remember you . related

9 Best SaaS Tools for Professionals in the Hospitality Industry

Published
The number of female entrepreneurs has grown in recent years. Actually, the US had 12.3 million businesses owned by women in 2018 compared to 402,000 in 1972. The increase has changed the landscape because now you can find female founders in male-dominated tech industries. Female entrepreneurs and leaders in travel technology is a stepping stone for their younger counterparts. They help these younger future leaders take chances by not fearing new challenges and opportunities. There are fewer growth opportunities when one doesn’t challenge themselves, so it’s important to take risks. The following are the 8 most inspirational female founders in the travel industry who have made several twists and turns to rise to the top. Alexandra Zubko
The fastest-growing tech startup, Triptease, was founded in 2013 to make the booking process easier. The increase of online travel agencies has blocked the link between hotels and customers. Thus they are not able to price their room profitably because of limited access to data. Through Triptease, a hotel can earn an extra 10% of direct revenue at a lower cost compared to OTA commissions. Through Convert, a guest can book directly with the hotel, thus allowing it to handle its most valuable guests throughout their entire journey. Further, using the startup’s cloud-based software as well as its real-time pricing tool, a hotel now prices its rooms profitably and has increased ownership of the entire process, thus eliminating online travel agencies. Alexandra is the founder of TripTips and worked with Intercontinental Hotel Group (IHG) before joining the startup world. Allison Page
Allison Page and Joel Montaniel cofounded SevenRooms in 2011 and raised $21M venture capital from Providence Strategic Growth, Comcast Ventures, and Amazon to grow their business. With her finance background, Allison saw a gap in the hotel F&B operations, such as the lack of knowhow and resources to run personalized marketing campaigns. Through email automation and segmentation from SevenRooms, F&B managers can easily and quickly add customizable tags to customer profiles. They can then run marketing campaigns based on certain rules to segments such as positive reviewers, high-value regulars, first-timers, and more. Therefore hospitality operators can leverage data to deliver exceptional experiences, build direct relationships and increase repeat orders and visits, thus driving their revenues and profitability. Amanda Szabo
The serial entrepreneur is the ResortPass founder based in Los Angeles. It’s challenging and expensive to find new hotel guests in a hyper-competitive market. It’s also not a walk in the park to market your hotel to travelers. However, Amanda felt that marketing to locals was a bit easier and less costly, thus the founding of ResortPass. Therefore the company partners with hotels to help guests that haven’t booked a hotel room to get Spa Passes, Day Passes, and Cabanas, thus enjoy these amenities and the pool. The goal is to help minimize overcrowding in these places and still help hotels to make profits. Amelia Gain
It’s almost impossible to run a hotel successfully without modern software. On the other hand, opting for outdated tech systems cost the hotel operator a huge amount of money and time that they could otherwise spend on creating an exceptional guest experience. Preno’s founder and The Spire Hotel CEO, Amelia Gain, developed a system to bridge the gap and make hotel owners ‘ lives easier. Preno provides hotel management software that easily connects with leading tools and simple to use. The hotel management system has a user-friendly interface and works well with independent hotels with up to 300 units or rooms. Janine Williams
Providing hoteliers with retail technology solutions helps them maximize impulse sales in hotels’ gift shops and pantries. Impulsify has been providing these solutions since 2013 and has been named the top-rated solution on multiple occasions. Janine has brought innovation to the travel tech industry by helping hotels either add or refresh their entire retail program for their brand or portfolio. So, the company allows operators to avoid certain pitfalls made in the hotel retail program, starting with assortment, pricing, merchandising, and SOPS. Jennifer Wong
With her real estate and finance background, Jennifer founded Stay Wanderful in 2016 but later renamed it LaaSie.ai. Her unique concept is to power transaction moments such as booking a hotel room through the website with personalized perks and incentives like Amazon credits, free Uber, or VIP access. Therefore the platform motivates customer loyalty to help the brand drive member engagement, increase net and create dynamic customer relationships through personalized, instantly selectable rewards. Since customers want instant gratification from every brand interaction, LaaSie.ai uses big data and AI to help companies to offer incentivized and rewarded loyalty. Robin Deyo
Robin and her husband founded Cendyn to help hotels leverage data to grow guest loyalty. Through eProposal, hotels can accept group business RTPs through its website. While eProposal makes a small part of Cendyn’s entire portfolio, it has, however, helped hotels to grow their group business. This hotel CRM platform has over 30,000 customers in approximately 143 countries. Some of its products include hotel digital marketing services and software. The Cendyn’s cofounders took a back seat when Accel-KKR bought a majority stake in the startup in June 2019. Their focus now is on De Joux Holdings that invest in projects in the hospitality industry and philanthropic activities. Tammy Farley
In 1998, Tammy cofounded The Rainmaker Group that offers profit optimization solutions to resorts, hotels, and casinos. Revintel, grouprev, and guestrev are some of its three key products. Revintel is a data aggregating and analyzing tool that produces actionable insights such as measuring performance in comparison to corporate goals and also to driving revenues. Grouprev is a tool that helps hotel operators optimize group meetings, thus maximize revenues. It does this by growing function space revenue, group room rates, and managing catering calendar and property sales. Guestrev is a revenue management tool that grows room rates by allowing the hotel to set rates according to the projected demand. Recently Cendyn acquired The Rainmaker Group to enhance its digital offerings.

8 Most Inspirational Female Founders in the Travel Industry

Transtasman bubble: Cordis Auckland reports spike in bookings, other hotels say May looking good
12 Apr, 2021 04:00 AM
5 minutes to read
Cordis Auckland hotel says the domestic market is not enough to sustain tourism. Photo / Dean Purcell
Cordis Auckland hotel says the domestic market is not enough to sustain tourism. Photo / Dean Purcell
A leading Auckland hotel says it has had an immediate spike in bookings from Australia since the two-way bubble announcement. A group representing hotel owners also says bookings are building "nicely" into May and June.Airlines report a surge in transtasman inquiry and bookings but economists say the impact on the wider tourism sector may be limited. Cordis Auckland says the quarantine-free bubble with Australia, now less than a week away, is a lifeline for the hotel sector and the wider tourism industry in general. Australians made up to 38 per cent of guests pre-pandemic and the Cordis' managing director Franz Mascarenhas said the booking trend was good. Read More
"We certainly have started to see a spike in individual bookings despite being only a few days since the announcement was made and there is optimism therefore that we will see positive growth in the period ahead," he said. The 411-room hotel is being expanded with the addition of a 17-level tower next door to be opened later this year. The Cordis took an early decision not to be part of the Government's managed isolation and quarantine scheme, relying instead on locals. But Mascarenhas said the past year has clearly proved that the domestic market is inadequate to sustain business, despite a significant amount of competitors' hotel inventory locked away as MIQ facilities. Advertisement
"When you add the impact of the lockdowns, it becomes clearly evident as to why the industry is so keenly looking forward to welcoming our mates from across the ditch. Hotels do carry significant cost structures and need a minimum level of occupancy to trade profitably," he said. ''Australia has and will continue to be the biggest international source of business for the industry in New Zealand. And that goes across individuals and group travellers." Related articles
Queenstown will be a magnet for Australians. Photo / Destination Queenstown
And he hoped people were tiring of virtual meetings. ''I would not underestimate the potential volume that could materialise in NZ as the days of Zoom calls I believe are hopefully over and people very much want the personal touch and the ability to travel and socialise and sign business deals in person.'' There was a backlog of group bookings for conferences which had been postponed during the past year and this could fill a gap during winter, the low season for hotels because of the lack of leisure business. '''This is where corporate individuals and the meetings and events sector comes to the rescue and this is where Australia is a key source for us to tap into along with the domestic market.'' The success of the bubble was crucial for the Cordis with the opening of the new Pinnacle Tower that will take it to 640 rooms, making it the biggest hotel by room count in the country. Avoiding lockdowns was key to the bubble's success, Mascarenhas said. Advertisement
Hotel Council Aotearoa says it is not expecting a sudden surge of bookings but were definitely building nicely into May and June. It expects the first wave of visitors from Australia to stay with friends and family, rather than comprising the leisure and business travellers who stayed at hotels. Cordis Auckland hotel says the domestic market is not enough to sustain tourism. Photo / Dean Purcell
'''If it snows, Queenstown ski season might be the true test. Folk are optimistic about Aussies coming in droves for the ski season,'' said the council's strategic director, James Doolan. Accommodation software management business Preno reports a 64 per cent surge in bookings across Australia and New Zealand after the announcement of the bubble last Tuesday. Preno chief executive Amelia Gain said the Government and the tourism sector would need to be mindful of giving Kiwis the assurance to travel to Australia. "As there will be state by state nuances in Covid-19 restrictions, it's vital that these are communicated as best as they can to give people the confidence that travel is a possibility, and clearly outlining the considerations to be mindful of," Gain said. South Island-based tourism business Wayfare wasn't expecting a large number of bookings. ''We expect the first wave of Australians to be visiting family and friends and to follow the same booking behaviour as New Zealanders - which means they'll book at the last minute. We have had some Australian agents make some larger bookings - particularly in Milford Sound,'' said chief executive Stephen England-Hall. The firm owns big excursion businesses and a ski field, and he said it was gearing up to offer more to New Zealanders and Australians over winter, including overnight cruises in Doubtful Sound and a Kiwi encounter on Stewart Island. ASB economists say the travel bubble will have limited net impact on the economy, with the possibility of a "small positive". ''However, the bubble may only have limited benefits to the tourism industry. The
bubble is more appropriate for those visiting friends and family, rather than holidaymakers given there is the ongoing possibility of being stranded if there was a community outbreak.'' Because of the relative frequency of outbreaks due to MIQ breaches in both New Zealand and Australia, a short-term pause or suspension of quarantine exempt flights is likely at some point, they say. Advertisement

Transtasman bubble: Have the visitor bookings rolled in?

August 21, 2017 / NEWS
ALUMNI UPDATE: PRENO
Preno is a simple SaaS property management system that streamlines the administration side of the business allowing accommodation operators to save time (up to 4 hours per day!). Their current customers globally fall under 150 rooms or units in size. Preno was created in 2015 by an award-winning hotelier, Amelia, who owned and managed The Spire Hotel in Queenstown for 4 years. During that time, she became increasingly frustrated at the amount of time she spent on admin. Determined and inspired to solve this, she teamed up with Max to build Preno. The team has since expanded in order to provide our customers with the best service, support, and product. Their mission is to make hoteliering uncomplicated and enjoyable for their customers. We asked Amelia, Prenos’ CEO and co-founder, a few questions to see how everything is going 2 years on from participating in Lightning Lab Auckland. You went through our Lightning Lab accelerator programme in Auckland in 2015, what have been your biggest achievements since, personal or otherwise? Lightning Lab was a fantastic experience for us, we learnt so much and we met so many experienced people. As a team we have achieved certain goals in less time than originally expected; gaining customers overseas, bringing on larger hotels/properties as users, having a very high retention of our customers. Personally, I have learnt a lot and continue to grow. I’m really proud of the talented team Max (my co-founder) and I have grown since then. Tell us, in short, the good, the bad and what inspires you about Preno right now…
The good: We are making progress with sales, we can see good traction and have more data around the value that our customers are getting. Our team is making great progress in automating our onboarding and we have seen the average revenue per user double in the last few months. We have developed the core to Preno product and we are now focused on our additional features, which is exciting. The most exciting being added benefits for guests, coming soon. The bad: There are always challenges! We are continuing to develop and refine our sales and marketing approach, which has been a bit of a learning curve. Whats inspiring us: We’re continually inspired by our customers and the vision we have for Preno long term. We really believe we can grow this product into something that will revolutionise the guest and hotelier experience. What insights do you still use from the Lightning Lab programme? Lightning Lab taught us to validate our ideas, talk to customers, and how best to pitch to investors. It was an invaluable experience for both Max and I. Being new to Auckland, Lightning Lab also helped us in developing a network of entrepreneurs, influencers, and mentors. Our biggest takeaway from Lightning Lab was; listen to your customer. Understanding their problems and pain points has been incredibly helpful in developing a high-quality product that our users love. How do you maintain a sense of well-being/ resilience when the pressure is on at work? I’m still learning how to prioritise health and well-being over work. It’s important because running a startup is a long-distance race. Some days are really hard, but it helps to talk to those around you. Max and I go on founder coffee mornings, where we spend time catching up and checking in with one another. It’s a nice bit of time away from life as startup co-founders, which helps. Do you have a favourite hotel to stay at? One of my favourite Preno customers is EcoVilla in Christchurch. A boutique property that is focused on the guest experience and providing an interesting stay for their guests. Their story is interesting, as they started out on Airbnb but have branched out to become more professional. Preno has really helped them expand their business operations. Anything else you’d like us to know? A book that has been useful for me at the moment is ‘Extreme you’ by Sarah Robb O’Hagan. I love the authenticity of this book, it’s genuine, fresh, and relevant. Do you have any top tips for those creating a new business? If you are starting a new venture, make sure you are passionate about the problem you are solving and the industry you are going into. Know that it will not be easy and you will always face difficulties, but being open to new ideas and asking for help will get you through. A mentor once told me to “celebrate the small wins” and that has been a very simple but treasured piece of advice. While you work towards bigger goals, it helps to celebrate the smaller achievements along the way…

ALUMNI UPDATE: PRENO

Kounta delivers a scalable online point-of-sale (POS) software system. It can be used in both on and offline modes on smartphones, tablets, laptops, and on traditional POS equipment stores already have, while connecting to popular online and mobile add-ons like accounting, loyalty, e-commerce, and more. The company was founded in 2022 and is based in Chippendale, Australia. In October 2019, Kounta was acquired by Lightspeed POS at a valuation of $35.3M.

Kounta

Get in touch with us to hear more about seamless integration between Preno and Kounta .

Bill to room made easy with Kounta and Preno - Preno HQ - Preno HQ

 Startups in the space cover the residential and commercial real estate space. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and property management, insurance, mortgage, construction, and more.

Real Estate Tech

Seed

Preno is a company that provides hotel management software with a focus on dynamic pricing and administrative automation for the hospitality industry. Its main offerings include a platform that automates everyday tasks for hoteliers, a dynamic pricing tool that adjusts rates based on real-time demand, and a comprehensive dashboard that integrates various hotelier tools such as a booking engine and channel manager. It is based in New Zealand.

Date	Round	Amount	Investors	Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.	Revenue	Sources
3/7/2015	Seed	$0.02M	Lightning Lab	$XXM	0 FY undefined	1
	Other Investors		Subscribe to see more	$XXM	0 FY undefined	10

Date	3/7/2015
Round	Seed	Other Investors
Amount	$0.02M
Investors	Lightning Lab	Subscribe to see more
Valuation	$XXM	$XXM
Revenue	0 FY undefined	0 FY undefined
Sources	1	10

First funding	Last Funding	Investor	Rounds	Type	Location
3/7/2015	3/7/2015	Lightning Lab	1 Seed	Incubator/Accelerator	New Zealand
		NZ Growth Capital Partners	Subscribe to see more	Venture Capital	New Zealand
		Icehouse Ventures	Subscribe to see more	Venture Capital	New Zealand
		Climate Response Accelerator	Subscribe to see more	Incubator/Accelerator	New Zealand

First funding	3/7/2015
Last Funding	3/7/2015
Investor	Lightning Lab	NZ Growth Capital Partners	Icehouse Ventures	Climate Response Accelerator
Rounds	1 Seed	Subscribe to see more	Subscribe to see more	Subscribe to see more
Board Seats
Type	Incubator/Accelerator	Venture Capital	Venture Capital	Incubator/Accelerator
Location	New Zealand	New Zealand	New Zealand	New Zealand

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Preno

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Investors Count

Funding, Valuation & Revenue

Preno Investors