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Paul Stevens

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  • 5 min

UK hospitality industry reacts to Labour General Election win

  • Paul Stevens
  • 8 July 2024
💰 UK's Labour Party wins a majority in the General Election with 412 seats of the 650 available, Conservatives secure 120 seats, Liberal Democrats 71, SNP 9, Sinn Fein 7, and Others 28. Labour's victory was predicted by the exit poll released at 10pm BST on Thursday, forecasting a 170-seat majority. Twelve Tory cabinet ministers, including Liz Truss, lost their seats. Sir Keir Starmer, the incoming Prime Minister, addressed supporters in London, while outgoing Prime Minister Rishi Sunak took responsibility for the Conservative loss. Industry leaders react, calling for action on manifesto commitments and addressing business rates and housing issues.
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  • 3 min

Otamiser secures $3 million in funding to drive global expansion

  • Paul Stevens
  • 2 July 2024
📌 Belgium-based Otamiser, the first online travel agency (OTA) ranking management platform, secures $3 million in its inaugural funding round led by Pitchdrive VC. The investment fuels expansion to 1,000 hotels and 100,000 short-term rentals globally. Otamiser, founded in 2022, boasts €1.8 million in annual recurring revenue and a team of 32, all achieved without prior external funding. The platform aids clients in elevating OTA rankings, driving an average occupancy increase of 11% and profit surge of 24%. The raise will also spawn new AI tools and grow the commercial team.
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