Details

Last Funding Type

Series A

Last Funding Money Raised

€8M

Industries

Software,Travel,Web Development

Founded date

May 1, 2006

Number Of Employee

51 - 100

Operating Status

Active

Roomex is the world’s only business-focused corporate hotel booking platform. It addresses a market with enormous potential because hotel booking is a major unmanaged spend category for most small and medium-sized companies. Roomex brings that spend under management, saving them on hotel expenses and administrative effort.

Company details

Roomex is 100% focused on meeting the needs of businesses that do not have managed travel programmes and are under-served by the larger travel management companies and agencies. This is a market with enormous potential as hotels represent one of the largest unmanaged spend categories in many organisations.

Roomex makes it easy for these organisations to drive down the costs of corporate hotel booking, ensure compliance with regulatory and company standards, and empower the individual business traveller. Roomex connects to every hotel in the world, all bookable without fees or contracts. It constantly searches all hotel booking websites to find the best available deals, delivering average savings of 21%.

Roomex currently has 55 employees and serves 1,000 customers. More than one million hotel bookings have been made via Roomex.

Roomex uses artificial intelligence to turn the world’s hotel information into accessible, actionable, business knowledge on demand through portals personalised for each customer.

Roomex uses machine learning to track price movements and other variables in the hotel market. Predictive analysis then enables customers to reduce costs.

Roomex also gives customers complete visibility over hotel spend with customised reports and dashboards.