Groups360 Announces Strategic Investment From Global Hospitality Companies to Create Online Marketplace for Meetings
Summary
NASHVILLE, Tenn.--(BUSINESS WIRE)--Groups360, a leading online marketplace for meetings, today announced that four major hospitality companies – Accor, Hilton, IHG (InterContinental Hotels Group) and Marriott International – have invested a combined $50 million in Groups360 to enhance the GroupSync™ platform and make group travel easier for meeting planners. Groups360 expects to deliver access to group rooms and space availability, pricing and an “instant book” capability for less-complex meetings as part of its future product roadmap. We are focused on continuing to enhance GroupSync’s™ reputation as the “smartest” search and book application available as it makes recommendations to planners based on their preferences and market price predictions from our algorithms. With this new investment in our business, we will scale up our sales, marketing and engineering teams to deliver this enhanced GroupSync™ functionality to more planners around the world.” Groups360 will continue to be led by CEO Kemp Gallineau and Executive Chairman David Kloeppel. The Company’s price predictor tool delivers improved transparency, reducing time and effort required to book meetings for both the hotel and the planner.