OTA Insight Raises $80 Million Series B Funding From Spectrum Equity to Bring Data-Driven Decisions to Hospitality Industry

This latest investment will support the company in furthering its mission to enable smarter commercial decisions and outputs across the industry as it expands its global footprint. Recommended AI News: Virtana Survey: 70% of Cloud Decision Makers Identify Silos as Impediment to Digital Transformation “Prior to the pandemic, the hospitality industry had been open to gradually adopting new technology. Our business experienced significant growth through 2020 despite the industry headwinds, but 2021 has been a breakthrough year for us as the recovery accelerated the pace of technology adoption. “For global chains and independent hotels alike, we have made the use of data simple and intuitive to drive better commercial decisions and provide a real competitive advantage.” “We are thrilled to add Spectrum Equity as an investor to partner with us in our mission. The investment by Spectrum Equity will fuel OTA Insight’s growth in key areas of product innovation, engineering, sales, and global expansion.