DuetToday, the pioneering provider of revenue management programs for the hospitality industry announced today that HotSTats, a global pioneer in hotel financial standards. The Duetto’s ambitious acquisition speeds up to become the revenue operating system and the final profit for the hotel industry, which is equipped with hotel owners around the world with a different vision for both their revenues and operational performance through rooms, foods, drinks and auxiliary services.
“We are happy to welcome HotSTats in the Duetto family,” said David Wolnberg, CEO of Duetto. “By increasing our current solutions group through the assets of the leading financial standards data in HotSTATS, we are able to provide the most comprehensive solution in the industry to lead revenue and improve profits. Together, we will imagine what is possible for hotel revenues and profitability.”
It enriches the basic HotSTATS offers in the hotel profit standards important Duetto to unify all the flow of revenue under one platform. This new partnership will give the owners of hotels a clear and implemented vision for their total profits, and to lead data -backed decisions that increase efficiency and raise the guest experience.
“Doto’s commitment to reshaping revenues and improving profits resonate strongly with our supplementary focus on implemented financial visions,” said Michael Gove, CEO of HotSTATS. ))
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“The HotSTats are a pioneer in profitability assessment, and it is only appropriate for the next stage of its development with the provider of hospitality technology on an equal”.
This acquisition of Duetto’s dedication to strategic expansion under the ownership of Crowncurve Capital, which acquired Duetto last year. By developing and employing advanced analyzes, strong reports, and a constantly advanced product group, Duetto confirms its position as an expected partner for hotels that seek to obtain a unified source of the truth of intelligence and profitability standards in revenue. The entire HotSTats will join Duetto as part of the transaction.
Houlihan Lokey held the position of financial advisor and Urik, Herington and Sotclifa held the position of legal advisor to the duet. Gly PLC served as a legal advisor to HotSTATS. The conditions of the transaction have not been revealed.
