If you’re looking for a hotel management software that can help independent hotels manage their revenue, you might want to consider the latest venture from entrepreneur Rami Zeidan. Having raised $60 million in Series C funding, Life House Inovia Capital is looking to expand its operations into the North American market. It’s doing this by focusing on revenue management software for independent hotels.
Raising $60 million in Series C funding
Life House is a one-stop hotel management platform provider. It offers an all-in-one solution for hoteliers to handle everything from accounting to revenue management. As a result of its vertically integrated solution, Life House claims to have increased the profitability of its customers by more than 200 percent. They also boast a dazzling suite of software including property operations, marketing, and revenue management.
The company has a large team of 60 employees, 40 of whom are based in Canada. They manage a variety of properties, from hotels with just 14 rooms to a $2,000 a night chateau in the Berkshires.
The company has a big bet on their new revenue management solution. In fact, they are working with a distribution partner to bring their award winning technology to more hoteliers across the country. Eventually, the company hopes to expand into Canada and other English-speaking markets in North America.
Aside from their new revenue management product, the company also plans to improve their white-label management platform. This includes building out a sales force and scouting for developers.
Focusing on revenue management software for independent hotels
Life House Hotels, a hotel management software company, announced its new revenue management and marketing system (RMMS) in December 2021. The RMMS leverages automated metasearch marketing, AI-based pricing algorithms, and distribution to maximize revenue for independent hotels. This technology can be set up within days. It works by directing searchers to lower priced hotel websites, minimizing customer acquisition costs.
The Life House all-in-one platform enables independent hotel owners to manage all their operations and accounting needs in one place. The company provides dynamic pricing, accounting, and management solutions, and has a growing presence in North America and Europe.
As an industry leader, Life House offers a broad suite of tools designed to help hotel owners maximize their revenue. In addition to its core technology, Life House helps with branding and financial reporting.
Revenue management is one of the fastest-growing topics in the hospitality industry. Typically, revenue managers are responsible for maximizing revenue by optimizing marketing and advertising, as well as pricing and merchandised channels. They also have to ensure that their data analysis is up-to-date with market trends.
Expanding to English-speaking markets in North America
Inovia Capital has a knack for making a buck on applied technologies. They have a track record of supporting their portfolio companies to become category leaders. Their latest $200 million fund is a solid bet on growth. The firm has recently opened up an office in London to bolster its European ambitions. This will help to nab some of the best and brightest talent in the European technology scene. It’s a no brainer considering Patrick Pichette, the firm’s principal, spent years at Alphabet/Google.
Despite its nascent status, Life House has demonstrated its mettle in the hospitality space. It currently manages almost 50 hotels across North America and three properties in Mexico. They’ve also got the software to back up their claims of being the best hotel operator. To date, the company has increased net revenues by more than 45 percent.
Although the company did not cite its size as a limiting factor, it is still in its infancy. The company’s core products include a cloud-based revenue management system and management software. These are all backed up by a team of about 40 employees in Canada.
Founder Rami Zeidan
Life House is a tech-driven hotel management company. It offers software solutions for hotel owners. These include revenue management, accounting, and branding.
The company has a team of 70 professionals. Its flagship property is located in Miami’s Little Havana neighborhood. By the end of 2019, five more properties are expected to open in Miami and other markets. Life House plans to expand internationally, with the first location opening in Bali this year.
A major player in the hospitality industry, Rami Zeidan launched the Life House brand in early 2017. As the chief executive officer, he oversees all aspects of the business, including product and vision.
Earlier in his career, Zeidan worked for various companies within the hospitality industry. He has a background in real estate investing, corporate finance, and branding. Additionally, he has experience with boutique hotels. After graduating with honors from Johns Hopkins University, he studied at the London School of Economics.