H2O operates a hospitality management platform that lets vacation rental owners manage operations, housekeeping and bookings across about 25 online travel agencies. The system syncs guest, room and housekeeping calendars to prevent double bookings and automates revenue, inventory and per-room yield management; it also supports smart locks, online check-ins and chat-based customer service. The company has expanded beyond software into a branded vacation rental business and real estate development, including a new hotel near Universal Studios Japan. H2O began in 2015 with Wahome in South Korea and launched H2O two years later after acquiring several Japanese hospitality management companies; it primarily operates in Japan. The platform manages roughly 5,000 rooms and the company says revenue has doubled every quarter since Q3 2018; average daily rate was about $160 in 2019 with an 87% occupancy. About 60% of guests are inbound (40% from China, 40% from Southeast Asia, 10% from South Korea and 10% other) and customers are mainly real estate managers (70%), local owners (20%) and overseas funds (10%).

Total raised

$7M

Funding rounds

1

Latest round

Series B

Latest activity

Feb 2020