Noida, India, June 17, 2016 --(PR.com
)-- DJUBO is a fast growing hotel tech company that has made its presence known in more than 150 cities in India and has over 1000 Indian hotel clients within a span of 9 months of funding.They are managing daily bookings worth 1.1 Cr every single day which amounts to approximately 1% of the entire hotel industry in India. Managing 3300 room night transactions every single day is quite a big feat as compared to some OTAs. For practically every single client they have increasing online revenue in a very short time. Recently, they were also selected among the top 10 most innovative travel product by Phocuswright for the Travel Innovation Summit India 2016.
Tarun Gulati from DJUBO says:
“Early mentors had warned us against starting an SAAS business in the Indian SME space citing poor payment collections especially in the hospitality sector. They had wanted us to look outside India. The Indian accommodation market was tough to crack, but we saw a lot of potential, not just in our growth, but also for small and medium accommodation providers. So we came up with a 360° sales platform for accommodation providers at an extremely competitive price and today our product has become so evolved, that even large hotel chains are using the system and is even ready for the international markets.”
Of the many SAAS products in the market, DJUBO combines the functionality of a number of standalone products such as a Channel Manager
, CRS, Front Office System, Booking Engine, complimentary websites, price comparision widgets for website and sales analytics under one cloud-based interface which is helping hoteliers solve problems of under exposure, overbooking and rate parity issues which otherwise wasn’t being solved by the disconnected hotel tech. The interface is not only available as a web app but also a smartphone app, allowing hoteliers to manage their hotel 24/7.
By connecting together all these separate products, DJUBO brings true automation to hotels sales and room distribution to both online and offline sales channels. This new approach is what has ensured DJUBO's success in the market, with only 3% client attrition rate and clients witnessing immediate results with some hotel chains like V Resorts (30 Hotels) and UNA Group of Hotels (28 Hotels) doubling their OTA revenue shares.
Given their huge growth and success in penetrating this very price sensitive and less savvy market within 9 months is proof of the fact that they have got the target market, product and features right. Now having solved the major problems faced by most Indian hoteliers they are also planning to launch many ground breaking products globally, like yield management, actionable big data and app based property management systems sometime soon.
Their biggest victory to date has been to give a single platform and innovative solutions to boost the hotelier’s confidence to move their entire room inventories online giving them more reach and a better chance for success, both online and offline, in terms of conversion and generating higher revenue while minimizing under exposure leading to sub-optimal distribution.