“Hotel Data Cloud“, a Dubai based innovative startup that is revolutionizing the way hotels manage their data has announced their selection in the Intelak Incubator’s Cohort 5 and the Sheraa Series A Programs.
What is Hotel Data Cloud?
Hotel Data Cloud (HDC) was founded in June 2016 as a solution to help hotels win back control of the descriptive content of their listings. The global platform stores a variety of current data, images and regularly updated descriptive information in a standardized format, sourced directly from hotels. This is freely accessible and automatically distributed to travel agents, tour operators, online platforms and intermediaries that facilitate bookings.
HDC selected for Intelak Incubator’s Cohort 5 & Sheraa Series A
Hotel Data Cloud (HDC), the global platform changing the way hotels access and manage their information across booking channels, is one of just four startups chosen for the Intelak Incubator, now in its fifth cohort. After presenting to Intelak’s committee members, HDC was awarded AED 50,000 for the best pitch and accepted into the programme, which received over 100 applicants.
Many of Intelak Incubator’s graduated startups have gone on to become household names in travel and aviation. The Intelak Incubator is led by the Emirates Group, GE, and Dubai’s Department of Tourism and Commerce Marketing (DTCM) in partnership with hosting partner, Dubai Technology Entrepreneur Centre (DTEC).
“We were impressed by Hotel Data Cloud’s track record and are excited to support their ambitious plans for future growth,” said Mia Jafari, the Programme Manager of Intelak. “Tourism has played a pivotal role in Dubai’s rise to prominence and Hotel Data Cloud can support this important industry with a crucial service for the distribution process.”
HDC has also been chosen for the Sheraa Series A Programme which helps digital startups achieve key milestones along their journey of growth. Sheraa’s Series A is an intensive three-month programme that only ten firms are invited to join each round.
Hisham Akhtar, Venture Associate at Sheraa, said: “Hotel Data Cloud bridges the gap between hotels and content distribution channels, putting hotels in control of their property descriptions and images. With the hospitality industry being one of the biggest industries in the world, it is still the least tech-enabled. This innovative solution disrupts the market and has high growth opportunities, which makes us very proud and excited to have them join our Series A cohort.”
Online accommodation bookings are projected to see steady growth worldwide, increasing their share of the overall lodging market. By 2022, nearly 50% of all hotel booking revenues are projected to be online, and an even higher share of short-term rentals. According to reports, the global online travel booking market is expected to generate USD 1,955 billion by 2026, growing at a CAGR of around 12.1% between 2018 and 2026.
Addressing the growing need for data management solutions across all these platforms, HDC provides hospitality businesses the ability to update all of their descriptive information instantly across all third-party listings and booking channels. This saves them time, increases bookings and enables the hotels to take back control over the descriptive content that goes out to the public, even on the channels that are not directly connected to the property. It allows for a standardization to be created for comprehensive accommodation listings, not just throughout the MENA region, but globally and across multiple platforms.
“HDC is honoured to have been selected by two of the UAE’s most prestigious business incubators and accelerators to help move our mission forward,” said Kevin Czok, Managing Partner of HDC. “With the help of the Intelak Incubator and the Sheraa Series A programmes, Hotel Data Cloud will increase its recognition within the industry, develop sustainable partnerships and be prepared for a long and prosperous future. Our team is excited to learn how to be even stronger, increase our reach and recognition, and have the right strategy for growth that we expect in the next few years.”
The incubation programme for Intelak began on 1 February and Demo Day presentations to the investor community are scheduled for 26 April. The Sheraa Series A Programme starts in February and will continue for three months, culminating with a Showcase Day that is attended by a broad audience of government officials, heads of businesses and investors.
About Intelak Incubator
The Intelak Incubator is an accelerator for startups in the UAE that are focused on aviation, travel and tourism. Intelak provides AED 50,000 in seed funding to each winning startup at key milestones in addition to creating a bespoke, needs-based programme of training modules, access to decision-makers and industry expertise and resources. The modules support our startups to develop critical business skills, local business acumen, legal frameworks and licensing opportunities to bridge the gap between their brilliant business ideas and full-fledged entrepreneurship. Intelak graduates four startups per cohort and runs two cohorts per year, in addition to a slate of other ecosystem-focused activities and programming.
For more information, please visit https://www.intelak.com
Launched in January 2016, Sheraa (Sharjah Entrepreneurship Centre) is a platform that supports entrepreneurs. From strategically transforming ideas into reality, to effectively nurturing established businesses, to promoting networking opportunities with investors and stakeholders – it cultivates change-makers and builds a thriving entrepreneurship ecosystem.
Sheraa – ‘Sail’ in Arabic – runs four different programmes that are tailored to every stage of the entrepreneurial journey: Idea Lab, Pre-seed, Seed, and Series A.
Series A is an in-depth programme, helping advanced startups refine their strategy, internal processes, and external customer experience to ready the startup for the next stage of growth.
Sheraa, a non-profit government organisation, is headquartered at the American University of Sharjah and hosts a thriving community of ambitious entrepreneurs. The second Sheraa hub, launched in September 2018, is located at the University of Sharjah.
Since its inception, Sheraa has successfully built a community of over 7000 entrepreneurs and ecosystem players. Validated 300+ ideas through the Idea Lab and graduated over 70 startups from the programmes. In addition, Sheraa startups have generated over $19 million in revenue and raised over $14 million in investment.
For more information, please visit https://sheraa.ae
These are exciting changes to the hotel industry and we look forward to this revolution. We also secretly hope Hotel Data Cloud adds hotel redemption points in their database helping us Points and Miles enthusiasts to a one-shop stop for hotel points data.
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