Hot Hotels Secures A Total Of $1M, Plans International Expansion.
The Last-minute mobile only hotel book service known as Hot Hotels has recently managed to receive a $1 million Seed Investment from Axon Partners Group. Prior to the gained amount of capital, the Spain-based company had manged to receive some support from Bolt Accelerator Intelectium Business Acceleration, and ENISA public funds.
Hot Hotels commented that it would be utilizing its new funds to expand throughout the Latin American region and will continue to increase its customer loyalty in Europe. Conor O Connor commented that:
“With this investment by Axon, we now have the firepower to establish clear water between ourselves and our competitors in Europe. “With the expertise of Axon’s investment team, as well as its global network of offices, Axon provides a base to accelerate our roll-out in fast growing Latin America.”
The company went on to say that it has had inquiry from third part traveling services providers to access its inventory of the mobile only hotel rooms. The company is currently running a pilot initiatives to take its step to the next level.
Connors added: “Our backend has been designed for this from the beginning but how soon we will become a marketplace for same day mobile only hotel bookings will depend on the results of these pilots.”
Originally founded in January 2012, the company currently has around 4,000 bookable same day mobile-only hotel across 257 cities in 43 countries, which have included Africa, Europe, Asia, Isreal, and Latin America. Its Asia territories has hotel inventories from China, Hong Kong, Vietnam, Thailand, Singapore. Most of the booking within these regions are done by people who have traveled from Europe and are aware of the brand.