HotelQuickly is a Hong Kong-headquartered app that lets users book heavily discounted, last-minute hotel rooms via iOS, BB10 and Android apps. The app presents up to six curated same-day offers based on a user’s location and aims to help hotels shift spare inventory without overt discounting. HotelQuickly is localized to five Asian languages plus English, and reports most bookings come from members using the app in their native language. Its primary competitor in the region is Agoda (Priceline-owned), with Booking.com and Wotif/Expedia also noted; HotelTonight has yet to enter Asia. The company plans to double-down on the Asia-Pacific market and expand through a newly announced partnership with GREE to share personnel and technical expertise. Financially, HotelQuickly had just over $1M of external funding prior to the new Series A and raised an additional $4.5M in the round. HotelQuickly operates a last-minute hotel booking app modeled after San Francisco’s HotelTonight. The company is headquartered in Hong Kong and the founding team includes two former Rocket Internet executives. It currently operates in 11 countries across the Asia Pacific region. HotelQuickly raised a Series A of HKD 9 million (about $1.16M) and says it will use the funding for product development and further expansion in the Asia Pacific. The startup expects to grow its presence in the region despite rising competition from global entrants. Competitors named in the article include HotelTonight (which is expanding into Asia), CheckInTonight and Hot Hotels. HotelQuickly operates a last-minute hotel booking app that lets users book same-day rooms (up to 2am) at discounted rates, presenting up to six curated offers in categories labeled prime, design, and comfy. The app launched on iOS and Android in Bangkok, Bali, Hong Kong, and Singapore and partners with over 100 hotels in the region, including Hotel LKF by Rhombus, Ovolo Group, and East Hotel. The product is positioned to help hotels shift spare inventory without overtly damaging their brand through visible discounting. The founding team comprises five co-founders, two of whom are ex-Rocket Internet executives (Christian Mischler and Raphael Cohen), and nine of the company's 30 employees previously worked at Rocket Internet. HotelQuickly was bootstrapped until recently and is in the process of closing an A round, having raised $500,000 so far from various investors in Asia, Europe and the U.S. The company plans to add more hotel partners in the coming months as it expands its footprint in Asia amid competition from local and regional entrants like CheckInTonight and Hot Hotels.

Total raised

$6M

Funding rounds

3

Latest round

Series A

Latest activity

Jul 2014