Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Arise is bringing a new approach to hotel distribution, with a decentralized infrastructure that enables better capabilities, automation and trust between hotels and their partners. It creates a single source of truth between buyers and sellers, with data synchronizing 2-ways constantly on a shared ledger. This leads to many benefits.
Shopping/booking experience:
- Real time ARI directly from PMS/CRS (incl. negotiated rates, public rates, etc)
- No latency. No stale cached data.
- More data points are available to construct personalized offers in real time. For example, based on a traveler's loyalty status, the right offer will automatically be returned at the time of query.
- Dynamic promotion capabilities
- Accurate rich content
Some of the other benefits:
- Booking reconciliation is automatic (modifications and cancellations at the hotel automatically update the unified booking record on the ledger).
- Better visibility on contracted rates loading and utilization
- Accurate hotel and booking data help TMCs and corporations improve their travel program
- Closer relationship between hotels and partners as parties on the ledger are directly connected
We're building the infrastructure that can enable the future of travel.
https://hoteltechreport.com/news/arise-travel
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