Duetto acquires hotel benchmarking platform HotStats
Hotel revenue management specialist Duetto has acquired United Kingdom-based hotel benchmarking company HotStats. The terms of the deal were not disclosed.
The partnership is intended to help Duetto provide hoteliers “with a differentiated view of both their top-line revenue and operating performances across rooms, food & beverage and ancillary services,” a statement said.
According to HotStats’ website, the platform was founded in 1997 and provides benchmarking for hotel owners and operators, as well as market reports for investors and analysts.
Founded in 2012, Duetto is a cloud-based revenue management system designed for the hospitality industry, providing insights on pricing, forecasting and demand. The company is used by more than 6,300 hotels, casinos and resorts globally, it said.
Hotel profitability benchmarking, the "core offering"from HotStats, will help Duetto accomplish its mission of unifying every revenue stream under a single platform, the company said.
By Abby Crotty