With acquisition, South Korea’s ONDA can handle all kinds of properties
ONDA introduced an acquisition that can place the South Korean hospitality expertise firm to turn out to be a world property administration system supplier for all property sorts, whereas accelerating its enlargement into markets together with Southeast Asia, the Center East, North Africa and Europe.
The corporate’s strikes included forming a subsidiary, OATech, after buying the lodge property administration system enterprise unit of Oasis Story, a Korean-based B2B options supplier. That transfer follows ONDA’s strategic investment in Hoteliers.Guru, a Thai hospitality tech firm. Phrases of the offers weren’t disclosed.
ONDA instructions round 70% of South Korea’s home on-line lodging reserving market, whereas striving to construct worldwide partnerships, together with changing into the primary Airbnb Most well-liked Companion and the primary Google Resort accomplice in Korea.
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The strikes go away Onda with a property administration system lineup that may cowl all kinds of properties, from trip and short-term leases to worldwide luxurious resorts and smaller inns. The programs could be built-in to offer real-time on-line room distribution so properties can maximize income.
“Most of our lodge clients can now handle their property digitally with ONDA, from property administration to on-line room distribution and income administration,” CEO Hyun-seok Oh mentioned. “We’ll proceed to put money into the event of digital transformation applied sciences for inns and hoteliers.”
In January, ONDA introduced it had raised about $10 million because it closed its Sequence B funding, bringing its complete investments to $25.5 million.
