New Delhi: Revivo, a deep-tech company, recently launched Hotel X, an innovative SaaS solution to modernize and accelerate the growth of hotel businesses in India. This platform integrates with some of the popular OTAs (Online Travel Agencies) like Agoda, MakeMyTrip, Booking.com, etc., through advanced ML and AI algorithms.
This is to optimize rates and expand sales channels as well as to simplify the day-to-day operations of hotel owners and managers. Moreover, Hotel X has already delivered remarkable results, with a substantial 50% increase in revenue within just three months.
The Hotel X solution operates on a subscription-based revenue or zero upfront model. This helps eliminate barriers to entry for hotel businesses. This is particularly significant as the hotel industry is projected to reach an estimated amount of $31.63 Bn by 2030 from $9.02 Bn in 2022.
The platform bridges the gap in the market where approximately 90% of hoteliers still depend upon conventional methods, leading to operational inefficiencies and less growth.
Kumar Abhishek Anand (Engineering Head & Co-Founder – Revivo) stated, “The launch of our Cloud-based HMS solution is a significant step in driving the beacon of the hotel-centric digital transition. Integrated with AI capabilities, our solution allows real-time reporting, monitoring, and data-driven feedback, empowering hotel businesses to future-proof profitable growth.”
Apart from that, Rahul Kumar, (Director & Co-founder – Revivo) also highlighted the ability of Hotel X to drive hotel businesses toward digitalization through digital execution and automation expertise. Furthermore, Revivo also emphasized the affordability of Hotel X, with a 2% fee on online bookings.