Hotelbids Hospitality to invest up to Rs 80 crore; launches hotel booking app in India

India Infoline News Service | Mumbai | October 18, 2016 17:15 IST

Hotelbids is an app that targets last-minute hotel bookings and has a very constructive approach towards the hospitality industry. The idea of this app is conceived by Inder Sharma, a serial entrepreneur and founder of Hotel.com.

Hotelbids Hospitality Pvt Ltd, subsidiary of Hotelbids, a US company launched first of its kind hotel booking app in India where travellers can book hotels according to their pocket size not as per the hotel price. It has large presence in over 2500+ hotels in 69 cities of India.
 
Hotelbids is an app that targets last-minute hotel bookings and has a very constructive approach towards the hospitality industry. The idea of this app is conceived by Inder Sharma, a serial entrepreneur and founder of Hotel.com. The idea behind the Hotelbids is that no hotel room should go empty and customers should get the chance to get more than what they hope for. Until now, customers had to go to various travel sites to hunt for the best price for the same room at the same hotel. Plus, no site gives consistent rates.
 
“We are at present building customer base. So far, we have invested around Rs 3-4 crore mainly on technology and operation for this service. Next year, we plan to invest Rs 70-80 crore in expanding our footprint both in domestic as well as overseas market,” Inder Sharma, President and CEO, Hotelbids said.
 
At Hotelbids, customers don’t search, the search comes to them. They just set their price and the specifics desired and the rest comes to them. The request of a customer for hotels in a particular city is broadcast to all hotels in the Hotelbids network, which can respond immediately to accept the offer. Customers can then check the specifics of the hotel before making their decision. In this simple and transparent way, both hotels and customers win. It is a two click last minute room booking app.
 
Inder Sharma who has more than 20 years of experience in the hospitality industry said,” Customers don’t get what they deserve. Though hundreds of online travel agencies (OTAs) claim the best deals, the difference in price remains just few rupees. Every night approximately 1.7 million rooms go empty globally. This gap created a need for a platform which is both customer-centric (to get the best deal) and hotel-centric (to fill the capacity)”.
 
Sharma has founded over 13 companies including Hotel.com. Hotelbids is funded by hospitality professionals from the USA. Hotelbids is now a valued member of AAHOA (Asian American Hotel Owners Association), whose members collectively own approximately 23,000 hotels in US. In India, Hotelbids did a soft launch in July, 2016 and now the app is available at Google Play and App Store and plans to expand to major international markets soon. The company has begun the hotel registration process in United States and will launch in USA in January 2017.

 

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