Mews Secures $100 Million Financing from Vista Credit Partners to Accelerate Growth

Mews Secures $100 Million Financing from Vista Credit Partners to Accelerate Growth

By Nishang Narayan

Published on September 28, 2024

Mews, a leader in hospitality technology and cloud-based property management systems, has announced a $100 million financing round from Vista Credit Partners, a subsidiary of Vista Equity Partners. This funding will accelerate Mews' growth and strengthen its mergers and acquisitions (M&A) strategy, further establishing the company as a market leader in the hospitality technology sector.

The hospitality industry is witnessing a surge in cloud adoption, particularly in the $15.5 trillion global travel and tourism industry. The investment will enable Mews to continue its expansion efforts, with a focus on acquiring additional hospitality companies through Mews Ventures, the company’s investment and corporate development arm. To date, Mews has successfully acquired nine hospitality companies and plans to continue its investments in cutting-edge technology and talented teams.

Matt Welle, CEO of Mews, emphasized the company’s mission to revolutionize hospitality with cloud-based solutions, stating, "Hospitality at its core is a human industry, and we are relentlessly focused on driving cloud technology that empowers staff to disconnect from screens and focus on their guests. With this financing, we can expedite our growth and reshape the way hospitality is delivered."

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Echoing these sentiments, Richard Valtr, Founder of Mews, highlighted the opportunity for market consolidation, stating, "The market is ripe for consolidation. This investment from Vista Credit Partners allows us to continue expanding our position in the industry through strategic acquisitions."

Mews has demonstrated remarkable growth over the past year, achieving several milestones, including:

  • A valuation surpassing $1 billion
  • Serving over 5,500 customers across 85 countries
  • Expanding its customer base in North America by 250%
  • Growing gross payment volume by 54%, reaching over $8 billion year-to-date

In addition to its financial success, Mews has introduced innovative product features like AI-driven smart search and the Mews Kiosk, which has significantly reduced check-in times for hotels.

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Amy Mathews, Managing Director at Vista Credit Partners, expressed her confidence in Mews' future, stating, "Mews has positioned itself as an essential property management system for hospitality brands worldwide. We’re excited to provide a flexible capital solution to help Mews continue its rapid growth and transformation across the global hospitality sector."

With this new infusion of capital, Mews is set to further drive technological innovation and digital transformation in the hospitality industry.

About Mews:
Mews is a leading provider of cloud-based property management solutions, empowering over 5,500 hospitality businesses in 85+ countries. Known for streamlining operations and transforming guest experiences, Mews has earned multiple industry accolades, including Best PMS (2024) and World's Best Hotel PMS Provider (2023).

About Vista Credit Partners:
Vista Credit Partners is the credit-investing arm of Vista Equity Partners, focusing on enterprise software, data, and technology markets. With over $8.1 billion in assets under management, Vista Credit Partners has completed more than 620 software and technology transactions since its formation in 2013.


Millennium Hotels and Resorts Partners with Aiello to Revolutionize Hospitality with AI Voice Technology

By Nishang Narayan

Published on November 17, 2024

In a move to elevate guest experiences and streamline operations, Millennium Hotels and Resorts (MHR) has partnered with Aiello, a leader in Natural Language Processing (NLP) and voice AI technology. The collaboration will see the deployment of Aiello's AI Voice Assistant (AVA) across six MHR properties in Singapore and Thailand, including Grand Copthorne Waterfront Hotel Singapore, Orchard Hotel Singapore, M Social Hotel Singapore, Studio M Hotel Singapore, M Hotel Singapore City Centre, and M Social Hotel Phuket.

Transforming Guest Experience and Operational Efficiency

Aiello's innovative technology is set to enhance the guest experience with personalized, voice-activated services that cater to individual preferences. As Saurabh Prakash, Interim COO & CCO at MHR, explained, "By embracing Aiello’s technology, we’re adopting a data-driven approach that enables us to understand guest preferences and offer personalized services while also creating new revenue opportunities."

Beyond guest service, the integration of AVA will also optimize hotel operations, from task management to sustainability. The AI assistant will allow MHR to replace outdated systems and provide more efficient ways of managing hotel tasks and operations.

Pioneering AI Integration for Sustainable Growth

This AI partnership is also aligned with MHR’s commitment to sustainability. By eliminating printed materials and replacing traditional in-room amenities, the hotels are reducing their carbon footprint. According to Ke-Vin Lim, Head of Group Innovation at City Developments Limited (CDL), the adoption of AVA "significantly enhances property value and positions us as more competitive for the future."

Aiello's CEO, Vic Shen, highlighted the sustainability aspect, noting, “By replacing cabling in over 2,300 rooms, we are reducing 6,240 kilograms of CO2 emissions, equivalent to the absorption capacity of 284 trees.”

Streamlining Operations with AI

With 67% of hotels facing staffing shortages, the integration of AVA is particularly valuable for operational efficiency. By syncing the AI system with task management and housekeeping operations, MHR staff can receive real-time updates on room statuses and guest requests, reducing manual processes and improving productivity.

Andy Tan, Senior VP of Global Sales and Partnerships at MHR, remarked, "Integrating AVA with our systems allows us to streamline workflows, making operations more effective and reducing operational challenges."

Success at M Social Hotel Phuket

The first hotel to implement AVA was M Social Hotel Phuket, which has already seen impressive results. Pjey Mayandi, General Manager at the hotel, shared, “AVA has transformed guest services by integrating cloud-based phone systems, task management, in-room dining, and smart room controls, significantly improving operational efficiency.”

The system has replaced traditional in-room phones, reducing call volumes and contributing to smoother operations, providing guests with a seamless experience.

The Future of AI in Hospitality

Aiello’s long-term vision includes expanding its AI solutions across the hospitality sector in Southeast Asia, Japan, and beyond, through its platform Aiello-One. With Go Nimbus as a strategic partner, Aiello is set to scale its AI-driven solutions and provide even more value to hospitality providers in the region.

About Aiello

Aiello is at the forefront of Voice AI technology in the hospitality industry. Its flagship product, Aiello Voice Assistant, is revolutionizing hotel operations by enabling more efficient, personalized guest experiences. Deployed in over 180 hotels globally, Aiello Voice Assistant has responded to over 14 million inquiries in multiple languages, providing valuable insights into customer behavior.

About Millennium Hotels and Resorts

Millennium Hotels and Resorts (MHR) is a global hospitality group with over 140 properties across four continents. Known for its commitment to excellence, MHR offers a wide range of experiences for both business and leisure travelers. With brands like The Biltmore, M Social, and Copthorne, MHR continues to lead in offering innovative, memorable stays.

For more information on Aiello’s AI solutions, visit Aiello and for Millennium Hotels and Resorts, visit Millennium Hotels.


Sabre Hospitality Launches SynXis Insights, an Advanced Analytics Tool for Hoteliers

Sabre Hospitality Launches SynXis Insights, an Advanced Analytics Tool for Hoteliers

By Nithyakala Neelakandan

Published on November 12, 2024

Sabre Hospitality, a division of Sabre Corporation, has introduced SynXis Insights, a powerful new data and analytics tool designed to empower hoteliers with enhanced decision-making capabilities and performance optimization. This tool offers hotel operators a streamlined way to access and interpret reservation data, ultimately helping them make more informed, revenue-driven decisions independently of their central chains.

SynXis Insights offers a unified view of SynXis reservation data, featuring daily data updates and ready-to-use visualizations. This approach allows both property and chain-level administrators to access critical performance metrics without manual data handling, which saves time and supports quicker, data-informed strategic adjustments.

Scott Wilson, President of Sabre Hospitality, emphasized that the launch of SynXis Insights marks an important development in Sabre’s commitment to customer-centric innovations. “We are enabling our customers to make informed decisions that drive revenue and improve overall business performance,” he stated, underscoring Sabre’s focus on actionable insights.

The tool offers over 15 filtering options that allow hoteliers to analyze and compare various data metrics, such as bookings, room nights, revenue, and average daily rate (ADR). By tailoring these filters to their unique objectives, hoteliers can focus on the metrics most relevant to their goals, enhancing strategic planning and operational efficiency.

SynXis Insights was developed in partnership with Google Cloud, which enables advanced data visualization and analytic capabilities across six dashboards. These dashboards cover critical performance areas, including Channel Performance, Lead Time Insights, Time of Booking, and Travel Agent Performance. The tool integrates data from the SynXis Booking Engine, SynXis Voice Agent, Global Distribution System (GDS), and Online Travel Agencies (OTAs) via Channel Connect, offering a comprehensive view of customer behaviors and trends.

One of SynXis Insights’ early adopters, Jennifer Morgan, Director of Account Management at HotelREZ, highlighted the tool’s practical value. She noted, “SynXis Insights provides easy-to-interpret data, which drives informed decision-making, enhancing our operational efficiency and understanding of our customers.”

Hannah Garcia, Sabre Hospitality’s Director of Product Management, explained that the tool was developed in direct response to feedback from hotel brands. “We invested significant time and resources into developing SynXis Insights based on our customers’ needs. Through extensive user feedback, we’ve created a tool that not only offers deep insights but also provides the scalability and stability our customers expect,” she said. Input from brands such as HotelREZ, Hard Rock Hotels, and COHO Res helped shape the final product, ensuring it meets industry requirements.

Looking forward, Sabre plans to enhance SynXis Insights by incorporating reporting for its GDS Media and Digital Marketing services. This ongoing development will also include advanced analytics capabilities, all aimed at helping hotels optimize their distribution strategies, identify business trends, and drive revenue growth.

Through SynXis Insights, Sabre reinforces its dedication to innovation in the hospitality industry, giving hotels the tools they need to make data-driven decisions that positively impact their operations and profitability.


Journey Launches Loyalty Program for Boutique Hotels and Rentals

Journey Launches Loyalty Program for Boutique Hotels and Rentals

By Nithyakala Neelakandan

Published on November 7, 2024

Journey, a new travel loyalty program founded by entrepreneur John Sutton and supported by Brian Kelly, founder of The Points Guy, has officially launched. The platform is designed to offer travelers the ability to earn and redeem points at independently operated boutique hotels and private rental homes, which have traditionally been excluded from existing loyalty programs.

Journey sets itself apart by allowing guests to collect points for stays at unique properties, ranging from luxury city hotels to secluded rental homes. “Loyalty has become increasingly important to consumers,” said Kelly, who serves as Senior Advisor and Investor at Journey. He added that travelers will no longer need to give up loyalty benefits when seeking distinct, boutique experiences.

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Travelers who book directly through Journey will earn at least five points per dollar spent, compared to one point per dollar when booking through third-party sites. This incentive encourages direct bookings and supports independent property owners. The platform also includes AI-powered tools that help operators personalize guest experiences, attract repeat visitors, and optimize booking during off-peak seasons. “Journey is about creating an ecosystem where independent operators can thrive without compromising their identity or profits,” Sutton explained.

Journey’s leadership team is composed of industry veterans with significant expertise. John Sutton, the company’s CEO, previously held various roles at Red Ventures, including Chief Digital Officer. Brian Kelly, known for his work at The Points Guy, lends his experience in loyalty and travel media. James McBride, recognized for his leadership at top luxury hotels, acts as Alliance Ambassador. Advisors like Eric Wu, co-founder of Opendoor, and Chris Burch, co-founder of Tory Burch, contribute their business acumen to support Journey’s growth and strategic direction.

The launch of Journey follows the company's acquisition of StayWatch, a platform specializing in short-term rental travel deals. This move will bolster Journey’s offerings and partnerships with top independently owned properties. Sutton noted that by spring next year, the platform is expected to feature 2,000 rental homes and 200 boutique hotels in its “Journey Alliance.” Some properties set to join include Nihi Sumba Island in Indonesia and Dawn Ranch in California.

Journey’s future plans include launching a credit card tailored for frequent travelers, aiming to compete with existing loyalty credit cards from major financial institutions.

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