UK: Hotel technology company Journey Hospitality has secured £5 million investment from Averroes Capital.
Marking the first round of funding for Journey, the company will use the investment to advance its product development, expand into new markets, and increase its senior executive team. Currently, Journey has over 400 luxury hotel customers worldwide.
The company launched its onejourney eCommerce platform last year, which aggregates all products and services into a live, bookable inventory. The technology is already deployed across 102 hotel and resort websites and a further 37 are in the pipeline.
Simon Bullingham, CEO of Journey Hospitality, said: “The investment will help us achieve long-term growth and shake up the industry with technology that addresses key eCommerce challenges within hotels. We have worked alongside luxury hotels for over a decade and pride ourselves in truly understanding their business. Our latest platform, onejourney – the world’s first unified eCommerce platform for hotels – addresses a key pain point for hoteliers and maximises property profitability.”
Journey’s product offering also includes Gifted – a UK gift voucher platform used by hotels including Claridge’s, Beaverbrook, The Landmark London and Chewton Glen.
Simon Rowan, partner of Averroes Capital, said: “Journey Hospitality has achieved impressive results with its existing technology, and is held in high esteem by luxury hoteliers. Our team has deep experience in unlocking business potential and achieving commercial growth, particularly with B2B software companies. We’re looking forward to using our expertise to help grow Journey Hospitality, supporting Simon and his team as they deliver significant value to the hotel industry with their technology platforms.”