Hotelicopter wins new funding round to push distribution platform

March 31, 2011 By Leave a Comment

More money in the coffers for hotel search and booking platform Hotelicopter after securing a further $1.5 million in funding, bringing its total so far to $5 million.

hotelicopter

The latest injection of funds is once again being led by angel investor Trip Davis, non-executive chairman of TRX (Hotelicopter has a hotel distribution deal with TRX), and a number of other unnamed investors.

Hotelicopter CEO Adam Healey says the new round will help finance further development of its hotel distribution technology platform, a system which currently carries live rates, availability and other content from around 160,000 properties around the world.

The company made a major change to its former consumer-facing model in July 2010 when it switched to targeting tourist boards and other content web publishers by providing a white label search and booking engine, primarily through through widgets and branded mapping pages.

Healey says current suppliers of stock include most of the major global hotel chains (including Hilton, IHG, Marriott and Best Western) and OTAs (Expedia, Priceline etc), feeding into publisher sites such as Nileguide, corporate booking engines and DMOs such as Atlanta.net.

Related posts:

  1. In TRX deal, hotelicopter targets business travel market with Ratrix reporting tool
  2. Hotelicopter creates do-it-yourself hotel widget for small content sites
  3. Hotelicopter creates hotel affiliate network, switches business model
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Kevin May About Kevin May

Kevin May is editor of Tnooz. He joined as a co-founder in August 2009 after spending nearly four years as editor of UK-based business publication Travolution.

Passionate about the business of travel and the internet, Kevin played a major role in establishing Travolution in print, online, events and with an annual awards programme, as well as becoming a regular speaker and moderator at industry events.

Prior to Travolution, Kevin was web editor at Media Week (UK) and also worked in regional newspapers for two years at the Essex Enquirer. He started his career in journalism at the Police Gazette at New Scotland Yard in London.

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