ByHours is a company dedicated to the management of hotel bookings by the hour for short stays, based in Barcelona.<\/p>\n
Recently, it has managed to sell part of its shareholding for \u20ac8m.<\/p>\n
The company will take advantage of this operation to enter the US.<\/p>\n
Byhours is a Spanish platform that allows you to book a hotel room for a short stay of between three and twelve hours.<\/strong>.<\/p>\n 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.<\/p>\n It gives flexibility to a sector that until now has been very limited to its traditional rules and also generates additional income for hotels.<\/p>\n 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.<\/p>\n In 2019, the Barcelona-based startup opened its first international office in Mexico, where it has fourteen employees.<\/p>\n As a result, already more than half of its sales come from the international market, namely the 52%.<\/p>\n Its objectives for the current 2020 are clear:<\/p>\n In this way, Byhours will be able to develop a marketplace for companies and improve its connectivity with other players in the tourism sector.<\/p>\n The startup also aims to double its revenues and add more than 2,000 hotels to its platform.<\/p>\n 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.<\/p>\n In order to realise these plans, it sold part of its shareholding at the end of January.<\/p>\n It did so in a investment round <\/a>de 8M\u20ac<\/strong>to improve its business and start operations in the United States.<\/p>\n Among the investors who have made the sale<\/a> Mexican venture capital funds are Angel Ventures<\/a> and DILA Capital<\/a>.<\/p>\n The British fund has also been a participant Howzat Partners<\/a>which had previously invested in Byhours.<\/p>\n<\/span>INTERNATIONAL MARKET<\/span><\/h2>\n
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<\/span>FUTURE PROSPECTS<\/span><\/h2>\n
<\/span>IMPROVEMENT AND START OF NEW OPERATIONS<\/span><\/h2>\n
<\/span>OTHER IMPORTANT ROUNDS IN THE SECTOR<\/span><\/h2>\n
<\/span>APPSFLYER<\/span><\/h3>\n