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Rodriguez: Raising travel tech capital is easier in Europe than US
“I actually think that for the travel space in which we are, it might be easier to raise in Europe today than it is in the US. Because the hospitality market in Europe is very dynamic, very large, and there are many people who really know the market well, and t…”
The Hotels Network raised its Series A at a 6x–8x ARR multiple
“We were, let's say we were working between six and eight.”
The Hotels Network clients pay an average of $150 to $200 monthly
“It depends a bit, but that would say that about, I mean, I'm 50 to 200, if you do it on average, it depends on, on the dollars dollars, US.”
The Hotels Network reaches over 3,000 paying hotel customers
“We have over 3000 hotels that we work with now.”
The Hotels Network grew revenue roughly 100% to 150% year-over-year
“We we've grown the last year. We've grown over a hundred percent. It's I think it's about, if you see a year a year, it's probably a hundred, a 50%.”
The Hotels Network acquires hotel properties for $600 to $800 each
“So if you do it per property, our cost of acquisition is probably around 600 dollars, six to 800 maybe.”
The Hotels Network achieves CAC payback within 6 to 9 months
“So we are seeing how much the average fee is compared to the number we have spent and it is between six and nine months.”
The Hotels Network reached profitability after raising under $300K
“Less than three, 300 K from the founders ourselves, and then from a small round from NFX in in San Francisco. And then we became profitable on that.”