ByHours: hotel booking platform
07/02/2020
Diego Gutiérrez
ByHours: hotel booking platform

ByHours is a company dedicated to the management of hotel bookings by the hour for short stays, based in Barcelona.

Recently, it has managed to sell part of its shareholding for €8m.

The company will take advantage of this operation to enter the US.

WHO IS BYHOURS?

Byhours is a Spanish platform that allows you to book a hotel room for a short stay of between three and twelve hours..

Founded in 2012 in Barcelona, it has some 250,000 users and a database of 3,000 hotels in 600 international destinations in 20 countries.

It gives flexibility to a sector that until now has been very limited to its traditional rules and also generates additional income for hotels.

As a result, and according to its managers, the company has sold more than one million hours of hotel stays and generated 20 million euros for the tourism industry.

INTERNATIONAL MARKET

In 2019, the Barcelona-based startup opened its first international office in Mexico, where it has fourteen employees.

As a result, already more than half of its sales come from the international market, namely the 52%.

Its objectives for the current 2020 are clear:

  • Continuing to grow in our current markets
  • Starting operations in the United States

FUTURE PROSPECTS

In this way, Byhours will be able to develop a marketplace for companies and improve its connectivity with other players in the tourism sector.

The startup also aims to double its revenues and add more than 2,000 hotels to its platform.

It also wants to increase the share of international revenues in its income statement, so that they account for 75 % of the company's turnover.

IMPROVEMENT AND START OF NEW OPERATIONS

In order to realise these plans, it sold part of its shareholding at the end of January.

It did so in a investment round from 8M€to improve its business and start operations in the United States.

Among the investors who have made the sale Mexican venture capital funds are Angel Ventures and DILA Capital.

The British fund has also been a participant Howzat Partnerswhich had previously invested in Byhours.

OTHER IMPORTANT ROUNDS IN THE SECTOR

APPSFLYER

AppsFlyer empowers marketers to grow their business and innovate with a suite of comprehensive measurement and analytics solutions..

Its customer-centric approach helps more than 12,000 brands and over 5,000 technology partners make the best business decisions.

Its latest shareholding sale took place last January for $210M.

ATTENTIVE

Attentive was founded in New York in 2016.

It is a personalised mobile messaging platform, helping e-commerce and retail brands connect with customers.

However, always using real-time data.

Lastest news

Latest transactions in the Machine Learning sector

Las recientes adquisiciones en el sector del Machine learning ponen de relieve la creciente importancia estratégica de la innovación impulsada por la IA. Las empresas están invirtiendo mucho en plataformas avanzadas de análisis y datos, centrándose en integrar...

Latest transactions in the Data Analytics sector

Se han realizado diferentes adquisiciones estratégicas de empresas del sector de Data Analysis en los últimos meses, lo que pone de relieve el creciente énfasis en soluciones innovadoras y capacidades mejoradas. Las empresas recurren cada vez más a las adquisiciones...

Software Application 2023 Sector Valuation Report

Sector Software Application: análisis del mercado y tendencias del sector El Informe de Valoración de la Industria del Software Application 2023, elaborado por los asesores de compraventa de empresas del sector Tech de Baker Tilly, ofrece un análisis detallado y...

Latest transactions in the Artificial Intelligence sector

El sector de la inteligencia artificial está siendo testigo de una dinámica oleada de adquisiciones, reflejo de su rápida evolución y de su creciente importancia en diversos sectores. La compraventa de empresas del sector tecnológico pone de relieve los movimientos...

Do you want to sell or buy a company?

We are experts in M&A transactions in the technology sector.

Subscribe to our newsletter

Request for information

If you want to buy or sell a company, or need more information about our services, do not hesitate to contact us through the form.

Or if you prefer, call us at:

+34 946 42 41 42