OTA Insight, a global provider of cloud-based hospitality commercial intelligence, has completed the acquisition of Dallas-based Kriya RevGEN, a hotel revenue intelligence platform that integrates and normalizes disparate data sources across hotel systems to provide a consistent view of hotel performance. This deal follows last month’s acquisition of short-term rental data provider Transparent.
Kriya RevGEN’s platform, Spider Analytics, simplifies and streamlines data collection, analysis and reporting to optimize performance across groups of hotels. It brings together multiple portfolio views and seamlessly integrates data from a variety of hotel systems to save hotel executives and management teams valuable time, boosting productivity and surfacing key revenue opportunities, according to the company. Since its formation in 2013, Kriya RevGEN has grown to provide revenue solutions to more than 1,000 hotels across the U.S. and Canada, and supports nearly all global brands, systems and leading management companies.
“RevGEN has experienced rapid, organic growth over the past few years, especially within management groups and chains,” said Bill Daviau, cofounder/CEO, Kriya RevGEN. “OTA Insight’s vision, global reach and culture make it the perfect fit for our team. We are excited about this next stage of our growth.”
Together, OTA Insight and Kriya RevGEN will integrate to form the only business intelligence solution available on the market that can deliver tailored insights for both hotel-level users and multi-property users, according to OTA Insight.
“We feel really privileged to be bringing together the very best teams, solutions and data to deliver the next generation commercial platform for the hospitality industry,” said Sean Fitzpatrick, CEO, OTA Insight. “We are so impressed how Kriya RevGEN simplifies the management of complex commercial strategies across hotel portfolios. Bill and the Kriya RevGEN team’s commitment to delivering transformative applications, the highest quality data, and great customer service make Kriya RevGen and OTA Insight the perfect match.”
“As a long-time customer of both OTA Insight and Kriya RevGen, I am thrilled to see them combine together to level up the distribution and data analytics game,” said Gaurav Sharma, EVP, revenue distribution, EOS Hospitality. “Kriya’s secret sauce is simplicity—their ability to deploy complex metrics in a fashion that complements multi-tier commercial needs.”
