OTA Insight Raises $20m in Growth Funding

OTA Insight is a cloud-based data intelligence platform for the hospitality industry. It helps hospitality providers such as hotels, resorts and vacation rental optimise their revenue and improve profitability and provides revenue managers with intuitive real-time access to competitor rates, online channel insights, ratings and revenues.  The company will leverage the funding to further build out its platform, with a particular focus on advancing its machine learning and AI capabilities.

In the coming months, OTA Insight will further expand its engineering, business development and marketing teams globally to align with growing demand for OTA Insight's hospitality solutions. Currently, OTA Insight is the rate intelligence platform of choice for more than 16,000 properties in 134 countries. Some of the global and regional-leading hotels that use OTA Insight's platform includes: Carlson Rezidor, Hilton, Accorhotels, Louvre, Choice, Best Western, Kimpton, SBE and NH Hotels.

 

"Our customer-first approach has allowed OTA Insight to create a simple-to-use platform that addresses the needs of revenue managers across a broad range of accommodation types," says Adriaan Coppens, CEO and co-founder of OTA Insight. "With the help of Eight Roads Ventures and F-Prime, the company is poised to continue to grow its global client base and accelerate the delivery of the latest data and business intelligence products to the hospitality industry."