DIAMO Secures Funding to Transform Revenue Management for Independent Hotels with AI Solutions

DIAMO Raises $4 Million to Empower Independent Hotels

In a significant development for the hospitality industry, DIAMO has announced it has secured $4 million in seed funding, spearheaded by Thayer Ventures and Inovia Capital. This innovative revenue platform aims to specially cater to the unique challenges faced by independent hotels.

Addressing Revenue Challenges

James Kay, CEO of DIAMO, highlighted the complexities of revenue management for smaller hotel operators, which are often overlooked by more traditional solutions that cater primarily to larger, branded establishments.

"The revenue challenges faced by smaller independents are far more complex than what existing disconnected solutions address," he stated. Kay believes that independent hotels are the heart of hospitality; thus his company focuses on providing these venues with the technology to thrive in a competitive landscape dominated by large chains and online travel agencies (OTAs).

The intention behind DIAMO's creation was straightforward: simplify access to advanced revenue strategies, enabling independent hotels to operate on the same level as larger counterparts, but without the financial burden of costly technology and manpower.

Comprehensive Revenue Platform

DIAMO’s revenue platform consolidates an array of revenue management tools into one easy-to-use interface. It offers key features including automated dynamic pricing, integrated digital marketing, and a conversion-optimized booking engine. An independent hotel partnering with DIAMO can expect an average revenue boost of 35%, thanks to the platform's ability to streamline each phase of the guest booking journey.

"Time-strapped hoteliers can benefit enormously from our system; we've designed it to save time while maximizing their revenue potential," Kay affirmed. DIAMO’s team of adept revenue managers is also on hand to guide clients through the increasingly complex revenue landscape.