Hotel Engine operates a business-travel platform that connects corporate travelers to a network of over 750,000 hotels, 300 airlines, and 40 rental car companies and offers a free Partner Hub for travel providers. Its product features consolidated invoices, incidental coverage, 24/7 customer support, whole-company trip insurance, and travel-management software with a contract-free approach (no minimums or agent-assist fees). The company plans to expand beyond hotel bookings by launching flight and rental car booking functionality in October and will rebrand to Engine to reflect the broader focus. Hotel Engine said it will use the new funding to support ongoing product development tied to these launches. The company is profitable, reporting 70% year-over-year revenue growth and is on track to book over 10 million room nights this year. It has used only $20 million of outside capital to reach a $2.1 billion valuation, up from a $1.3 billion valuation at its November 2021 Series B. Hotel Engine operates a members-only, B2B global booking platform that centralizes sourcing, negotiation, booking, and reconciliation for corporate lodging. The company positions itself as a “Lodging Performance Network,” connecting businesses with hotels to capture high-value business travelers. Founded in 2015 by Elia Wallen as an offshoot of Travelers Haven, it scaled from a side project beginning dedicated investment in 2018. Hotel Engine is profitable and reported a 201% increase in core bookings revenue between Q3 2020 and Q3 2021, grew its customer base 60% to over 40,000 companies, and expanded membership to more than 550,000 people. Headcount rose from 119 to 300 over the same period, and the company expected to hire another 400 people in 2022. Looking ahead, Hotel Engine is focused on expanding its international footprint and continuing technology-led product development to optimize corporate travel programs. Hotel Engine provides a hotel booking and management platform for business travel that supports companies of all sizes across the private and public sector. The platform gives customers access to more than 200,000 available hotel properties in over 185 countries. The company plans to use new funding to expand its presence within the small-to-medium business market and continue building out its team. Hotel Engine also intends to accelerate development of new product features and functionality for business travelers. The company was founded in 2015 by CEO Elia Wallen and is based in Denver, Colorado. The recent financing values the business at over $150 million.

Total raised

$221M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2024