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Dave Ambrose
Dave AmbroseHunter@daveambrose · Steadfast Venture Capital
We've been fascinated by the shifting hospitality market, as hotels are looking to optimize revenue outside of just selling rooms but selling underutilized areas on the property. Meeting spaces is a perfect area to focus on. A question we've been thinking through: how much revenue potential does a hotel really have, outside of just room nights and ancillary? Our minds have been wandering into meeting spaces and branded rooms within a hotel managed by a 3rd party provider. Companies like Breather, Bizly, PeerSpace, LiquidSpace are doing something really interesting within this category. Add Spacebase here and consider unlocking 10% to 20% of these rooms inside of a hotel, managed by a new company above and either booked direct on a new consumer platform or syndicated through existing OTAs (online travel agencies). Incredibly, most of this market is handled offline through RFPs via conference managers. Why doesn't a delightful booking experience exist online today? Fun market to watch over the next few quarters. ;)