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SaaS Interviews with CEOs, Startups, Founders
$100m in revenue selling software to 27,000 AirBNB hosts?
Dec 5, 2023
20:17
Snipd AI
Discussion on CloudBeds' remarkable growth and success, reaching $10 million in revenue and aiming for $100 million next year. The chapter explores their expansion into FinTech and their impact on the lodging industry with their software solution. They also discuss GMV, payment methods, and reducing intermediary fees. The speakers highlight their success in the FinTech industry, including targeted ads and potential billion-dollar bookings. They emphasize launching different software capabilities and bridging the business and art sides of a hotel.
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Quick takeaways
- CloudBeds aims to reduce intermediary fees and increase revenue for hotels through their direct booking capability and targeted ads through social media.
- CloudBeds' expansion strategy involves introducing microtransactions during guests' stays and leveraging automation and generative AI to target ads effectively through social media.
Deep dives
CloudBeds: Unifying Hospitality Technology
CloudBeds is a global leader in technology that unifies the hospitality industry with one platform. With over 2.5 million beds across 27,000 paying customers, CloudBeds has experienced a 75% compound annual growth rate over the past three years, generating north of $50 million in revenue. They aim to reach $100 million in revenue next year. CloudBeds provides a comprehensive solution for hotels, streamlining operations, and improving customer experience. They also offer FinTech services, enabling hotels to capture revenue and provide efficient payment processing solutions. With their innovative direct booking capability and targeted ads through social media, CloudBeds aims to reduce intermediary fees and increase revenue for hotels.
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highlights
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