Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Travel and Hospitality
    Editor's Pick (1 - 4 of 8)
    left
    How Cloud Systems are Impacting Business Environments

    Martin Stegner, CIO, NOVUM Hospitality

    The Impact Of Technology On Travel And Hospitality

    Steve Traplin, CEO, Groupon APAC

    Infinite Retailing, And Beyond

    Frank Trampert, Managing Director & Chief Commercial Officer, Sabre Hospitality Solutions, APAC

    Which Technology Best Suits the Hospitality Sector?

    Jessie Burgess, Executive Vice President, CIO, G6 Hospitality LLC

    Enter into the World of the Internet-of-Things or IOT

    Alfonso Venturi, CIO, Lease Plan Australia

    UX-The Broad Picture from 'What was' to 'What it's going to be'

    Kamal Sharma, CIO, Tally Solutions Pvt. Ltd.

    Wearables to Play an Integral Role in Guest Service

    Monika Nerger,

    How to Systemize Business Travel and Take Out Every Pain Point

    Ross Fastuca, CIO & Co-founder, Locomote

    right

    H2O Prepping For Olympics Season, Raises $7M from Its Series B Funding

    By Apac CIO Outlook | Tuesday, February 04, 2020
    Tweet

    Japan-based vacation rental management company H2O, has closed $7 million in additional funding from its latest round 

    Fremont, CA: H2O, the Japanese vacation rental management, has closed $7 million in additional funding round. Short for Hospitality 2.0, H2O has raised total funding worth $18 million to date. 

    H2O commence its operations effectively in 2015 in partnership with Wahome, a South Korean cleaning venture, before the acquisition of various other Japanese companies to form H2O. At present, the platform hosts more than 5,000 rooms and has plans to extend. 

    The hospitality company also offers property management solutions that assist owners in managing operations, housekeeping, and bookings all in one platform. The unified solutions platform helps property managers control costs and handle the overheads. 

    Hoping to fill the gap that exists in the accommodation market leading to the 2020 Olympics, CEO John Lee believes that Japan is ripe for investment at present as the existing shortage, as well as the massive domestic and international tourism, is on a hike. 

    The company’s total revenue has doubled since the third quarter of 2018, and with the latest funding, H2O has brought in investors like Samsung, Stonebridge Ventures, and Shinhan Capital. 

    Eric Kim, senior investment manager at Samsung, said, “We’re pleased to be part of the fastest-growing hospitality company in Japan. H2O has already proven product-market fit within Japan, and we expect them to continue to thrive as they expand outside of major cities.”

    H2O properties mostly abide the Japan’s 2019 minpaku law, which is designed to monitor and manage the unregulated short-term rental market. Lee has commented that the new regulation has assisted new players in stepping into the market, especially property owners.

    The hospitality market in Japan displays a wide range of potential for growth across the industry. The boutique hotel industry is still increasing, and many new brands have attempted to buck from the image of corporate hotels. 

    Airbnb is also in line for making its debut into the region. Though the platform struggled with minpaku law, the platform’s ability to arrange to housing for visitors of The Rugby World Cup has added plus points to its existing market value. 

    With the Olympics season soon to come, the scope for accommodations is on the rise, Japanese short-term rental providers are expecting to make most of the opportunity. 

    See Also :-Top Travel and Hospitality Solution Companies

    tag

    Financial

    Weekly Brief

    loading
    Top 10 Big Data Solution Companies - 2020
    Top 10 Big Data Consulting/ Service Companies - 2020

    Featured Vendors

    Kogentix

    Boyd Davis, CEO

    Illation

    Dallas Newton, Country Business Manager

    ON THE DECK

    Big Data 2020

    Top Vendors

    Big Data 2019

    Top Vendors

    Big Data 2019

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Four Security Issues in IoT

    Four Security Issues in IoT

    Four Use Cases of AR/VR Technology in Employee Training

    Four Use Cases of AR/VR Technology in Employee Training

    Five Major Trends in Digital Transformation for Businesses

    Five Major Trends in Digital Transformation for Businesses

    How Blockchain Reinvents Regtech

    How Blockchain Reinvents Regtech

    Five AI Technologies to Help Boost Business

    Five AI Technologies to Help Boost Business

    Popular E-Commerce Growth Trends in 2021

    Popular E-Commerce Growth Trends in 2021

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/h2o-prepping-for-olympics-season-raises-7m-from-its-series-b-funding-nwid-7310.html