Loreca Generated $22 Million in Incremental Revenue for Clients in 2022
Bart Jan Yates · 23 year old launches SaaS for hotels, hits $250k revenue in under 12 months · Jan 15, 2023 · at 5:49
Bart Jan Yates, founder of Loreca, discusses the aggregate incremental revenue his algorithms generated across client hotels in the previous year.
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“So it's hard, but I think it's around twenty two million that we earned extra last year.”
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More from Bart Jan Yates
Yates Claims a 30% Click-Through Rate on Loreca's Newsletter
“No, two, sorry, 30% of everyone clicks through our website reader blog.”
Loreca Has 290 Hotel Customers Across Western Europe
“Yeah, we have so right now we have 290 customers all around Western Europe. So it goes from hotels from 20 rooms to hotels with 60, 70 rooms.”
Loreca Averages $2,000 Monthly Revenue per Hotel on Performance Model
“Well, it's around 2000 but it depends as we work with a no cure, no pace. So we take cuts on everything we earn more.”
Loreca Takes a 25% Cut of Incremental Hotel Revenue
“From this extra money we take a cut, but this cut is like, it all depends on-
[278] Nathan Latka: What cut do you take?
[281] Bart Jan Yates: it's most of the time, 25%.”