SAN FRANCISCO, California—Duetto, a supplier of income administration software program for the hospitality {industry}, introduced the acquisition of HotStats. The acquisition is a part of Duetto’s purpose to change into the definitive income and revenue working system for the resort {industry}, equipping hoteliers worldwide with a differentiated view of each their top-line income and working efficiency throughout rooms, meals & beverage, and ancillary companies.
“We’re thrilled to welcome HotStats into the Duetto household,” stated David Woolenberg, CEO of Duetto. “By augmenting our current suite of options with HotStats’ industry-leading monetary benchmarking information asset, we’re in a position to ship the {industry}’s most complete resolution for driving income and revenue optimization. Collectively, we’ll reimagine what’s attainable for resort income and profitability.”
HotStats’ core providing in resort profitability benchmarking enhances Duetto’s mission to unify each income stream underneath one platform. This new partnership will give hoteliers a transparent, actionable view of their general earnings, driving data-backed selections that enhance effectivity and elevate the visitor expertise.
“Duetto’s dedication to reshaping income and revenue optimization resonates strongly with our complementary concentrate on actionable monetary insights,” stated Michael Grove, CEO of HotStats. “We see huge potential in becoming a member of forces, extending our influence to assist lodges determine alternatives to enhance effectivity, higher meet buyer demand, optimize profitability throughout each side of their operations.”
“HotStats has lengthy been a pioneer in profitability benchmarking, and it’s only becoming that the subsequent stage of its evolution will probably be with an equally visionary hospitality know-how supplier,” stated Jonathan Langston, founder and retiring Chairman of HotStats.
This acquisition highlights Duetto’s dedication to strategic growth underneath the possession of GrowthCurve Capital, which acquired Duetto final 12 months. The whole HotStats staff will probably be becoming a member of Duetto as a part of the transaction.
Houlihan Lokey served as monetary advisor and Orrick, Herrington & Sutcliffe served as authorized counsel to Duetto. Gately Plc served as authorized counsel to HotStats. Phrases of the transaction weren’t disclosed.