Arise Travel (Accelerator)

Funding Details
Awarder
PlugAndPlayTechCenter
Date Award
May 15, 2024
Funding URL
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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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