fornova
The Top 8 Travel Trends That Hotels Need to Act On to Capture Demand in 2021
Dori Stein | December 15, 2020
By Dori Stein - Chief Executive Officer, Fornova The travel and hospitality industry has shown its mettle during 2020 - rising to the challenges that Covid-19 has thrown at it and doing everything it can to survive. It's not been without its casualties. Now, with the prospect of a vaccine, hotels have to be on the front foot to win whatever demand is out there and secure heads in beds. When the vaccine becomes widely available, we expect the leisure market to return more quickly than business travel which will lag considerably. There are eight key trends that I believe we will see during 2021. Consumers will be more price-consc...
Fornova Acquires HotelsBI to Provide Full Suite of Business and Distribution Intelligence Solutions for Hotels Worldwide
Fornova | March 4, 2019
LONDON and Tel Aviv, March 4, 2019 – Fornova announced that it is acquiring Tel Aviv-based business intelligence provider HotelsBI. The acquisition rounds out its suite of solutions with the hotel industry's only enterprise-ready solution to help hotel chains break the silos impeding the effective use of data, by employing advanced BI to understand and manage all data relevant to making optimum performance decisions. CEO Dori Stein said, "We are pleased to announce our acquisition of HotelsBI, whose singular approach to business intelligence helps hotels not only better understand their market position – but increase direct ...
Sweet Inn Partners With Fornova, Taps Machine Learning to Dynamically Price Its 500 Apartments
Fornova | July 17, 2018
Sweet Inn builds its own Dynamic Pricing tool combining internal BI and Distribution Intelligence from Fornova to optimise pricing, at scale. Tel Aviv and London, 17 July 2018 - Sweet Inn and Fornova have announced that they are teaming up, as Sweet Inn builds its own Revenue Management System (RMS), leveraging Distribution Intelligence from Fornova. Sweet Inn's newest digital crown, a data-driven software platform, will enable company to automatically optimize the pricing of its properties, as Fornova extends it Distribution Intelligence platform scan the rapidly growing vacation rental market. Phocuswright research1 reported that mor...
Fornova Ends 2017 with Rapid Growth, Highlights Three Trends in Hotel Distribution to Watch in 2018
Fornova | December 21, 2017
Direct Bookings Will Move to Target Ownership and "Lifetime Value," as OTAs and Big Hotel Players Continue to Dance and Spar NEW YORK and LONDON, December 21, 2017 – Fornova closed 2017 with year over year revenue growth in excess of 50%, raised a Series B financing to spur accelerated expansion in the year ahead, and was recognized as one the year's most innovative companies by industry authority Lodging magazine in the U.S. Capping the success, CEO Dori Stein anticipates a year of even faster growth in 2018, and pointed to three trends in distribution that all hotels should pay attention to, in the coming year: 1. In a bid to cr...
Fornova Partners with eRevMax to Create a One-Stop Shop for Smart Distribution, Benefiting Hotels Worldwide
Fornova | October 18, 2017
Fornova brings distribution monitoring, intelligence and strategic recommendations to eRevMax's LIVE OS platform NEW YORK and GENEVA, October 18, 2017 – Fornova announced that it is joining forces with eRevMax, bringing its market intelligence and market visibility tools to the eRevMax LIVE OS platform. Now hotels that visit the platform for best of breed technology solutions can access Fornova's industry leading Strategic Distribution Management tools, which provide unparalleled insight into a hotel's online market position, efficacy in selling across markets, and recommendations to help optimize distribution. These benefits will...
Fornova Raises $17M in Series B Round from Deutsche Telekom Capital Partners (DTCP), Waypoint Capital and JAL Ventures to Accelerate Adoption of Its I
Fornova | May 2, 2017
Bringing Dynamic Distribution to the Hotel Industry LONDON and NEW YORK, May 2, 2017 – Fornova today announced the closing of a $17M series B financing round to further accelerate the growth of its disruptive market intelligence and market visibility solutions for hotels worldwide. The Series B round was led by Deutsche Telekom Capital Partners (DTCP), with participation from Waypoint Capital and existing investor JAL Ventures. In a worldwide hotel market encompassing hundreds of thousands of hotels and millions of rooms, Fornova's early-stage growth trajectory has been impressive. More than 13,000 hotels have already adopted its ...
Fornova Experiences Accelerated Growth in the First Half of 2016 with its Supernova Product Now Serving More than 15,000 Hotels in 40 Markets
Fornova | June 16, 2016
Fornova Anticipates Even Faster Growth and Product Adoption in the Second Half of 2016 LONDON and NEW YORK, June 16, 2016 – Fornova's growth exploded in the first months of 2016, as its technology reached more than 15,000 hotels in 40 cities. Demand was strong for the company's Supernova platform, which helps hotels understand their position in the online market, allocate their marketing spends more effectively and lower the cost of customer acquisition. Supernova is based on Fornova's unique patented visual web analysis technologies for scanning, extracting and aggregating massive amounts of information from websites. Fornova now...
Fornova Partners with Premier Inn, UK’s Largest Hotel Brand, to Drive Direct Bookings, Manage Price Integrity, Optimize Marketing Spend
Fornova | April 7, 2016
Supernova, The Industry's Leading Online Data Scanning Solution, Brings Marketing Control to UK's Largest Hotel Brand LONDON and NEW YORK, April 7, 2016 – Fornova has partnered with Premier Inn to bring its Supernova platform to more than 700 hotels across the UK – helping them use their marketing budgets more efficiently and effectively, increase marketing ROI, and lower the cost of customer acquisition in ways never achievable before. The Supernova platform is based on Fornova's unique patented visual web analysis technologies for scanning, extracting and aggregating information from websites. Using Fornova's platform, Pre...
