The startup offers a hotel marketplace platform that connects travel trade buyers directly with hotel room suppliers, eliminating the need for individual contracts and credit arrangements. This streamlined approach reduces complexity and costs while increasing revenue opportunities for both hotels and wholesalers.
Funding
$580K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The current B2B hotel booking process involves negotiating individual contracts and credit terms with numerous hotels and wholesalers, creating complexity, increasing costs, and limiting revenue opportunities for all parties involved. This fragmented system lacks transparency and real-time access to global inventory, hindering efficiency and profitability.
Solution
RoomRocket offers a global clearinghouse platform that directly connects travel trade buyers, such as Online Travel Agencies (OTAs), with hotel room suppliers, including hotel chains, independent hotels, and wholesalers. This eliminates the need for individual contracts and credit arrangements, streamlining the booking process and reducing administrative overhead. The platform provides real-time access to a broad range of global hotel inventory under a single contract, improving cash flow through commission retention and supplier-controlled terms. RoomRocket also offers transparent reporting, allowing hotels and wholesalers to see which OTAs are booking their properties, and features a consolidated settlement system to save time and money while mitigating credit and currency risks.
Target Audience
RoomRocket targets hotel chains, independent hotels, resorts, wholesalers, destination marketing companies, online travel agencies, tour operators, and travel agents seeking to streamline B2B hotel bookings and expand their reach.
Features
- Single contract for access to global hotel inventory from various suppliers
- Real-time access to hotel rates and availability
- Consolidated settlement system for efficient payment processing
- Transparent reporting on booking sources
- API connectivity for seamless integration with existing systems
- Support for wholesale rates distribution to major OTAs
- Tools to manage distribution constraints
- Features to mitigate credit and currency risks