What they do: Hotels routinely overbook to make up for no-shows and cancellations, meaning that they will sometimes have to place an overbooked guest to another hotel, a process done by phone that can take over an hour. Roomstorm creates a digital marketplace for hotels to buy and sell rooms, reducing the time it takes to place a guest from hours to just minutes.Why it's a big deal: An empty room is a loss for a hotel, so filling that room as soon as possible is a hotel’s number one priority. Roomstorm helps hotels fill those empty rooms, makes finding rooms for overbooked hotels quick and painless and helps guests get settled faster. During city-wide sellouts, such as during a baseball game, the Roomstorm marketplace regularly still has rooms available when everyone else does not. This creates a premium market for high-demand rooms during peak times and helps hotels keep these rooms filled during those times.
Maksim Izamylov CEO @ Roomstorm
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50% growth month/month since February
Nearly 50% of all Bay Area hotels are paying customers
Customers include: Hyatt, Hilton, Four Seasons, Marriot...
Price: $200 a month per hotel
Still finds rooms when most hotels are sold out.
$1,300,000 since our founding
Co-Founder WalkSource • Python, Django, DevOps at Whiskey Media • Studied ICT at Charles
Four Seasons, Waterford Hotels, Wyndham Resorts, Hilton Worldwide. US Naval Academy.
WalkSource is an innovative new way for hoteliers to run sales and reservations more efficiently and generate more revenue. Our tools empower revenue and sales teams to have more sellout nights by eliminating the challenges associated with predicting yield. Above all, we are an online marketplace for trading excess hotel demand. Our tools allow hotel managers to drive sales harder and deliver more guests to their property every night.
WalkSource proudly serves over 200 Bay Area hotels and continues to grow daily. Our clients confidently overbook their properties knowing that WalkSource can find them a room at a fair price anytime if they find themselves in need of a walk rate. By eliminating the pain of dealing with walks, we make the market more efficient, free up revenue managers to capture an additional 10% of nightly hotel revenue and provide several hotels with last-minute guests.
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