Automatic

🏨 Nearly 65% of hotel guests feel digital signage solutions enhance their stay, prompting hoteliers to consider updating these technologies. Digital signage, equipped with various sizes and features, ensures consistent staff service and entertains guests. Optimal placement for staff communication includes areas where employees convene. For guests, large dVLED displays in lobbies or restaurants provide information and ambiance, elevating the experience and potentially increasing revenue by keeping guests on-site.

💻 When pitching IT projects, Tudgay and Li emphasize understanding the audience; owners care about different aspects like innovation, security, or profitability. Li's approach at JC Resorts, learned from a 20-year tenure, stresses instilling confidence by demonstrating immediate tech improvements, like upgrading to Outlook. Previously, the company had zero tolerance for wasting money on technology, but Li's success led to significant trust and million-dollar IT project budgets. Presenting ROI and thorough preparation are crucial to secure leadership and operations buy-in before budget meetings.

📱 Hostaway, a vacation rental software company, secured a $365 million investment led by General Atlantic with PSG Equity's participation. Since its 2015 founding by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, Hostaway has grown to manage properties in over 90 countries with a 230-employee remote workforce across 44 countries. It offers integrated property and channel management, AI tools, and automation, with over 200 marketplace partners. The investment will fuel further growth, AI development, and international expansion, especially in France, Italy, and Spain. The short-term rental market is a $133 billion GMV sector, growing at a 12% CAGR, with Hostaway positioned as a market leader. William Blair and Cambon Partners were financial advisors for the deal.

📌 Hostaway, a vacation rental software and management system, has received a $365 million investment led by General Atlantic with PSG Equity also participating. Founded in 2015, Hostaway operates in over 90 countries with a fully remote team of over 230 employees from 44 countries. The company has partnerships with top travel agencies including Airbnb, VRBO, Booking.com, and has recently launched Dynamic Pricing, Hostaway Capital, Hostaway Insurance, and Smart Lock integrations. The short-term rental market is valued at $133 billion and has grown at 12% CAGR over the last decade. Hostaway plans to use the funds for international expansion, product development, and AI initiatives.