washbnb | May 21, 2021
Washbnb, a tech-enabled linen solution for the short-term rental and hotel industries, has launched a crowdfunding campaign via Wefunder. The startup eliminates the laundry problem for property managers and Airbnb hosts whilst solving a key operational pain point for the reliable supply of hotel-quality bed and linen.
Washbnb is democratizing the investment process as a part of its community-driven strategy to grow the business for all stakeholders involved. By launching its seed round via crowdfunding with Wefunder, everyone has the chance to take a position during a startup company during a booming hospitality sector before travel’s predicted comeback, not just wealthy accredited investors. The short-term rental sector has remained resilient during the pandemic and bookings are now at an all-time high consistent with AirDNA going into a summer of revenge travel.
Washbnb is about to become an important tool for hosts and managers by eliminating common laundry challenges through automated linen procurement and management. As a tech-enabled solution, the corporate controls linen logistics and quality through data insights while exploring the newest in water and logistics tech to make sure an environmentally sustainable and efficient service. The result's an improved guest experience that reduces travel’s footprint while making businesses easier to work and grow.
Daniel Cruz, co-founder, and CEO of washbnb started the corporate in 2020 after handling the gap within the marketplace for an automatic linen solution as an Airbnb host himself battling laundry. Milwaukee-based, washbnb is rooted during a resurgent Midwest city featuring a fast-growing water-tech industry and fertile ground for both hospitality companies and laundry machine manufacturers.
Washbnb pivoted during the pandemic with washhero.org and aims to create a community-driven, sustainable company with zebra stripes. Daniel says: “Our customers drive what we do, and that they love washbnb. We take their biggest challenge off of their plates and that we roll in the hay in higher quality, safer, and far more sustainable way. Hosting may be a great business, just check out Airbnb’s recent IPO, and we’re here to support these great businesses on the bottom, where they have it most. It’s a completely new category of business that must be created. Our customers see that and need to take a position because they need to assist. That’s how we build community.”
Investment at this stage will fuel talent acquisition, research, and development also as future expansion into fast-growing, short-term rental destinations.
AIRLINES AND AIRPORTS
Star Alliance, SITA, NEC Corporation of America | June 17, 2021
The Star Alliance has signed an agreement to extend airport biometric processing technologies with airline IT supplier SITA and NEC Corp.
Members of any Star Alliance airline's frequent-flyer program will ultimately be able to access biometric touchpoints at participating airports under the terms of the agreement. SITA's Smart Path technology is already accessible at over 460 airports worldwide, and the addition of NEC to the alliance means they will be able to collaborate on biometric initiatives. NEC, for example, might incorporate its NEC I: Delight platform, which can detect tourists even when they are wearing masks.
"We can scale and expand this solution well beyond our original estimates to several additional collaborating airports and airlines," NEC SVP and chief experience officer Raffie Beroukhim said in a video announcement of the arrangement.
CLEAR | June 09, 2021
Biometrics are poised to make the leap beyond airports and act as a passport to any number of environments where crowds gather in post-COVID reopening.
To that end, biometric security firm CLEAR filed its S-1 with the Securities and Exchange Commission (SEC), paving the way for an initial public offering (IPO) on the New York Stock Exchange.
CLEAR may arguably be best known for its origin that ties into creating “a frictionless travel experience while enhancing homeland security,” as described in the prospectus. At a high level, the company’s biometric security service offers subscriptions to its services, speeding up passenger flow through TSA lines at the airport.
But branching into other use cases shows how fungible, in a way, biometrics tech can be, where knowing who is who — for admission, for security, or commerce — is an essential deployment. But along the way, as CLEAR’s filing shows, the pivot beyond travel — where demand is only now recovering from the ravages of the pandemic — will help determine whether the firm will see ignition. CLEAR points to the “convenience economy” as a critical driver for using biometrics in a bid to streamline everyday interactions.
Tracking The Enrollments
Digging into the prospectus, since inception, there have been 5.6 million cumulative enrollments, with 61 million cumulative use cases across its platform.
Along with the decline in travel-related activity, first-quarter revenues slipped 17 percent as U.S. domestic flyers dropped by 60 percent. But the company remarked in its prospectus that a trend in its favor would be the reopening of and return to secular growth in the travel industry.
As travel declined, cumulative enrollments on the platform were up more than 12 percent, to 5.2 million. Looking across the entire year, revenue was up 20 percent to 230.8 million in 2020, while net loss narrowed to $9.3 million from $54.2 million.
Moreover, the company has debuted its Health Pass app, which stores healthcare-related data such as COVID test and vaccine records, which can help members show credentials required to enter a sporting event. CLEAR has partnered with 26 sports and entertainment partners and 67 Health Pass-enabled partners. That reach helps give coverage to 110 locations, including offices, theaters, and theme parks.
Launched in 2010, CLEAR’s biometric security service is popular among frequent fliers who purchase subscriptions for $179 a year. Along with gaining the ability to speed through airport lines, subscribers can also use the service at sports stadiums and entertainment venues.
Looking Toward Scale
CLEAR defines the total addressable markets, by vertical, as being rather significant. In aviation and travel, 90 million American adults fly at least twice annually, while 31 million flies at least six times annually. In hospitality, there were 1.3 billion room nights occupied in 2019, pre-pandemic, in the U.S. Per data from ESPN, across major sports leagues, there were 130 million sports attendees in 2019.
The movement into adjacent use cases depends on how many consumers embrace $179 annual subscriptions (the price of Clear PLUS) and whether the populations that do so will justify partners signing on with the technology platform.