March 28, 2017
Marriott buys stake in tours/activities search engine
Marriott International has acquired a stake in PlacePass, as the world's largest hotel company looks to expand its presence in the tours and activities sector.Read more
The reputation management platform for hotels launched three years ago from its base in the US and claims to have over 10,000 hotel and restaurant customers around the world.
Further validation of a growing sector in the industry with Revinate capturing a healthy funding round in the form of $14.5 million from Benchmark Capital and Formation 8.
The funding round, a Series A, also includes a contribution from Rich Barton (ex-Expedia) and will be used, the company says, to spearhead its growth outside on North America and product development.
Current clients include Wyndham Hotel Group, Carlson Rezidor Hotel Group, Hyatt, White Lodging and Kimpton Hotels and Restaurants.
The injection of capital into Revinate continues the growing support for a swathe of new companies operating in the space, including ReviewPro and TrustYou, both with offices in Europe and the US, alongside Circos Brand Karma in Asia-Pacific.
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