Four Major Hotel Companies Invest in Meetings Venue Tech

Business Travel News | August 19, 2019

Four Major Hotel Companies Invest in Meetings Venue Tech
Accor, Hilton, InterContinental Hotels Group and Marriott International have invested a combined $50 million in Groups360, a technology platform for searching meeting spaces and rates. Each investor will have a seat on the board.Groups360 will use the money to enhance its GroupSync platform and offerings. Currently, planners can use the platform to search destinations for hotels and future rates, which are determined by an algorithm that accounts for current rates and economic factors. This means planners dont need to use RFPs to seek out rates and thus can request proposals from a narrower roster of venues. Groups360s road map, though, includes a booking solution for simple meetings, said president and CEO Kemp Gallineau. Getting to instant booking is one of our focal points.The company has not determined a time line.

Spotlight

Every day hundreds of Americans travel long distances for work – Monday morning flights are packed, interstates are jammed with cars traveling to conferences, meetings and job sites. The cost of business travel is hefty – a minimum of $1000 per person, not to mention the impact it has on employee morale with being away from their family during the week.


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Spotlight

Every day hundreds of Americans travel long distances for work – Monday morning flights are packed, interstates are jammed with cars traveling to conferences, meetings and job sites. The cost of business travel is hefty – a minimum of $1000 per person, not to mention the impact it has on employee morale with being away from their family during the week.

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