Flyr Labs
is continuing its buying spree and expanding into hotels through the acquisition of hospitality technology provider Pace Revenue.
Terms of the deal were not disclosed.
Together, the companies' combined technologies extends revenue management and forecasting tools to hotels.
“With Flyr’s acquisition of Pace, we are poised to bring the best revenue performance to hotels just as we did for airlines,” says Alex Mans, founder and CEO of Flyr, adding that airlines and hotels “must accelerate their adoption of new technologies such as AI and advanced decision-intelligence solutions."
The companies say the deal
will accelerate the digital transformation in the hospitality industry and
provide hotels with a vertically integrated platform for commercial
optimization.
This is the
latest in a series of acquisitions by Flyr Labs, including
German
retailing and offer management company Pribas
and
Spain-based
airline e-commerce specialist Newshore
. Flyr secured a
$150
million Series C round
in September 2021.
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Founded in 2016
and based in the United Kingdom,
Pace
Revenue
counts more than 1,000 hotels among its customers.
Jens Munch, founder and CEO of Pace Revenue, says the
company aims to “give power back to the supply side in the travel industry” by
helping hotels “differentiate against their competition and OTAs.”
JetBlue Airways, Air New Zealand, Accor and Wyndham have
already partnered with Flyr and Pace, according to both companies.
Founded in 2013, Flyr Labs is headquartered in California
with offices in Los Angeles, San Francisco, Dallas, Krakow and Amsterdam.
Read more about Flyr’s acquisition strategy in
Mans’
Q&A with PhocusWire
.