Otelier, the hospitality data platform, has unveiled a revamped version of its budgeting and forecasting solution TruePlan, designed specifically for the hotel industry. With a refreshed user interface and enhanced functionality, the platform aims to help hotel operators replace cumbersome spreadsheets with a more streamlined and collaborative financial planning experience.

Developed in response to customer feedback, the new TruePlan supports real-time data sync, detailed forecasting, and rapid onboarding, enabling hotel finance teams to move “from data to decisions” faster than ever.

Russell Meek, Senior Director of Product Strategy at Otelier, shared, “Budgeting and forecasting should be powerful, not painful. We’ve rebuilt TruePlan to be faster, scalable, and aligned with the real-world needs of today’s hotel finance teams.”

The updated platform allows daily-level forecasting, bulk action tools, and pre-loaded financial drivers relevant to the hospitality industry. It also fosters cross-department collaboration, reducing revisions and delays, while enabling users to shorten budgeting cycles by up to 30%.

Key features include:

• Modern user interface for intuitive use

• Self-service onboarding

• Built-in collaboration tools

• Power BI integration for dynamic reporting

• Integration with PMS, labour, BI, and accounting systems for live data planning

TruePlan is built on Otelier’s centralised integration framework, which ensures synchronised data flow across various hospitality tech solutions such as accounts payable automation, financial reconciliations, and night audit compliance.

This latest launch marks another step in Otelier’s mission to optimise hotel performance, following its strategic partnership with Repay Holdings last year to enhance payment and financial workflows across the industry.

With TruePlan, Otelier is not only improving financial forecasting but also redefining the way hoteliers collaborate and make critical planning decisions.

Hong Kong Science and Technology Parks Corporation (HKSTP) has made a powerful debut at VivaTech 2025, Europe’s premier startup and tech showcase, by leading a delegation of 18 of Hong Kong’s most promising innovators in AI, robotics, healthtech, greentech, and fintech.

The delegation was hosted at the Hong Kong Tech Pavilion, co-organised with Hong Kong Trade Development Council (HKTDC), highlighting a unified effort to bridge the innovation ecosystems of Hong Kong and France.

This milestone participation marks HKSTP’s mission of taking home-grown talent global and bringing international opportunities back to Asia. VivaTech provided an ideal launchpad to form meaningful partnerships and adapt breakthrough technologies for evolving global markets.

Standout Innovations from Hong Kong at VivaTech 2025:

• Ailytics: Winner of the EDF Startup Challenge and named among the Top 30 VivaTech Innovations, thanks to its AI-powered video analytics for safety and efficiency in heavy industries.

• AQUMON and Midas Analytics: Nominated as Top 12 FinTech Trail for their advanced AI-driven data solutions.

• Imsight, OKOsix, and Vismed: Finalists in the Tech for Change Award, recognized for innovative strides in cancer diagnostics, biomaterials, and medical training, respectively.

Strategic Partnerships Formed:

• Westwell Technology partnered with Logicor, a leading European logistics provider, to co-host an innovation showcase on autonomous driving and green logistics in Paris.

• PointFit announced a collaboration with Kinomap, a French indoor-training platform, bringing wearable fitness tech to Europe.

Adding to this momentum, HKSTP signed a partnership agreement with Startup Genome, further committing to global ecosystem building through cross-border networking and innovation-centric events.

Hilda Chan, Chief Marketing Officer at HKSTP, shared,

“Hong Kong’s innovation scene is ripe with global potential. With deep connectivity, globally fluent talent, and trusted systems, we’re enabling new tech frontiers to rise from Asia, and VivaTech is a key milestone in that journey.”

The delegation arrives at a time when both France and Hong Kong are stepping up as global I&T leaders—France through its AI unicorn ambitions, and Hong Kong as the 2nd most innovative economy globally, according to WIPO.

To continue this global engagement, HKSTP is hosting EPIC 2025—the Elevator Pitch Competition—in November in Hong Kong. With US$100 million in targeted investment funding, and over 600 applicants from 47 economies in previous years, the competition is open for entries till 17 June 2025: https://epic.hkstp.org

About HKSTP

Founded in 2001, HKSTP has nurtured over 2,300 tech companies from 25+ countries, including 13 unicorns. It supports innovations across AI, healthtech, fintech, smart city, and more via its major hubs—Science Park, InnoCentre, and InnoParks in Hong Kong and its Shenzhen branch. With access to labs, funding, and global networks, HKSTP aims to anchor innovation as a pillar of Hong Kong’s economic future.

From Paris to Hong Kong, HKSTP is redefining how tech talent and ecosystems connect—and the world is watching.

RoomRaccoon, a leading hotel management system trusted by independent hoteliers worldwide, has announced the launch of RaccoonRev Plus—a next-gen, AI-powered revenue management tool designed to deliver RMS-level pricing intelligence natively within the RoomRaccoon platform.

Tailored for small and mid-sized properties, RaccoonRev Plus helps bridge the gap between basic rule-based pricing models and complex Revenue Management Systems (RMS). The tool uses predictive AI and real-time data to offer daily rate recommendations up to 90 days in advance. It takes into account a wide range of signals including competitor pricing, weather forecasts, lead-time behavior, pickup pace, and historical trends to fine-tune hotel pricing strategy.

“Independent hoteliers have long been priced out of sophisticated revenue management technology,” said Tymen van Dyl, CEO of RoomRaccoon. “RaccoonRev Plus changes that. By embedding predictive pricing intelligence directly into our platform, we’re removing barriers and putting powerful, RMS-level tools into a system that hoteliers already know and trust.”

Designed as a ‘revenue co-pilot,’ the tool supports users with clear, AI-powered suggestions while keeping full control in their hands. Hoteliers can choose to act on insights at their own pace, with future updates offering full automation for those ready to go on autopilot.

“The idea of a revenue co-pilot is simple: you’re still in control, but you’re no longer flying solo,” van Dyl added. “We built the system to support hoteliers in stages, offering intelligent suggestions and giving users the confidence to gradually switch on autopilot when they’re ready.”

While revenue is the first frontier, RoomRaccoon views this as part of a larger AI roadmap.

“We’re moving toward a future where your HMS isn’t just a system — it’s part of your team,” van Dyl emphasized. “AI will make hotel operations more efficient by removing the friction of traditional workflows.”

RaccoonRev Plus is currently in beta testing with selected RoomRaccoon users, and the company anticipates a wider release later this year. Interested hoteliers can stay informed via RoomRaccoon’s website.

About RoomRaccoon

Founded in 2017 by a hotel owner and tech entrepreneur, RoomRaccoon is an award-winning cloud-based Hotel Management System. It offers a wide suite of tools that help hotels increase revenue, streamline operations, and enhance guest experience. With over 400 integrations, it’s among the most connected hospitality platforms on the market.