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SaaS Interviews with CEOs, Startups, Founders
This Hotel Tech SaaS Just Exited to Constellation Group After Hitting 30% EBITDA Margin and sharing 25% of profits with employees
Sep 25, 2023
22:23
Snipd AI
This podcast explores the growth and acquisition of a hotel tech SaaS company by Constellation Software. It delves into the role of technology in the travel agency industry, the company's pricing strategy and growth rate, their growth strategies and recent acquisition, and their profit margin, favorite book, and online tool.
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Quick takeaways
- Verhotec.com standardizes and organizes accommodation data for travel agencies, solving the problem of different suppliers providing the same hotel with different IDs.
- Verhotec.com experienced significant growth with over 200 paying customers, resulting in a 70% year-over-year growth rate.
Deep dives
Verhotec.com: Organizing Accommodation Data
Verhotec.com is a company that standardizes and organizes accommodation data for travel agencies. These agencies source inventory from multiple hotel suppliers to get the best rates for their customers. Verhotec.com assigns a master ID to each hotel, allowing travel agencies to show unique listings and rates. This solves the problem of different suppliers providing the same hotel with different IDs. By standardizing the data, Verhotec.com ensures accurate information and helps customers avoid booking complications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode