Hospitality

Cocotel checks in a seed round for expansion

January 3, 2023
Cocotel

Find your next getaway with Cocotel! This Philippine startup lets you discover affordable accommodation while helping hotel and resort owners earn way more.

  • They've increased booking revenue (GMV) by 317% from $600k in 2021 to $2.5M in 2022.
  • Their room inventory has also grown 261% from the end of 2021.

Oh, and they've just raised an undisclosed seed round!

  • They're active in 53 cities across the Philippines and Australia.

😉 Hotel owners, this is for you!

They'll help you digitize, market and manage your hotel or resort, so you can focus on what you do best — hotel operations. Plus, their solutions will let you earn way more!

  • Their hotel and resort partners can earn up to 30% more in revenue in 3–6 months!

Land more bookings than ever. Be featured on Cocotel's website, over 30 online travel agency platforms, social media, and more for potential customers to discover!

  • Get personalized digital sales and marketing from Cocotel. They'll manage your social media, manage your digital marketing, sales and more!

Make more. Spend less. Stress less. Spend more time focusing on what you do best — managing your hotel operations.

  • They also offer extra services for free, like channel management, online inventory management and property management systems.

🤑 Money matters

They charge an 8% commission on every successful booking from Cocotel for the first three months. Then, that rises to a 15% commission for each month after that. No subscription fees. No setup costs.

✈️ Around the world!

With the new cash, they'll expand to two new countries: Malaysia and Vietnam. They're also targeting to hit 300 Cocotel partner hotels and $20M in booking revenue/GMV by the end of this year!

On the tech side, they'll be leveling up their business solutions beyond just digitization, tech and reservations.

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