ONDA to expand as global PMS for all property types

South Korea: Seoul-based journey tech firm ONDA has acquired the lodge property administration system enterprise unit of Korean B2B options supplier Oasis Story and fashioned a subsidiary known as OATech because it seeks to speed up its world growth.

The transfer is anticipated to assist ONDA grow to be a worldwide property administration system supplier for all property varieties, starting from short-term / trip leases to worldwide luxurious resorts and smaller inns. The techniques might be built-in to supply real-time on-line room distribution, enabling properties of every type to maximise their income.

ONDA at present dominates round 70 per cent of South Korea’s home on-line lodging reserving market however it’s concentrating on growth into a number of worldwide markets, together with Southeast Asia, the Center East, North Africa and Europe.

The corporate can also be rolling out quite a lot of worldwide partnerships, having grow to be the primary Airbnb Most popular Associate and the primary Google Lodge associate in Korea, and in April, it introduced a strategic, undisclosed funding in Thai hospitality tech agency Hoteliers.Guru.

ONDA’s PMS lineup throughout all property varieties at present contains: Pension Plus [for vacation rentals and villas in the Korean domestic market; Hoteliers.Guru [for independent hotels under 100 rooms, small- and medium-size hotels, bed-and-breakfasts and short-term rentals]; OA PMS [for independent hotels under 300 rooms in the Korean domestic market]; and Dive [for international luxury chain hotels and resorts].

In January, ONDA raised $10 million in a Sequence B funding spherical, taking its complete funding thus far to $25.5 million, because it sought to speed up the digital transformation of the home hospitality business and develop a system to draw inbound journey into Korea. Moreover, the corporate doubled its valuation from its pre-Sequence B spherical, regardless of the financial headwinds and difficult world funding panorama.

ONDA CEO Hyun-seok Oh stated: “Most of our lodge prospects can now handle their property digitally with ONDA, from property administration to on-line room distribution and income administration. We are going to proceed to put money into the event of digital transformation applied sciences for inns and hoteliers.”