Lighthouse, a leading hotel technology solutions provider, has secured a significant $370 million growth investment from global investment firm KKR. This funding, deployed through KKR’s Next Generation Technology III Fund, will support Lighthouse’s product innovation, strategic acquisitions, and global expansion efforts within the hospitality technology sector. Lighthouse offers a comprehensive suite of tools that empower various stakeholders in the hospitality industry with real-time data, market insights, and AI-powered pricing recommendations. The platform processes vast amounts of data daily, serving over 70,000 hotels in 185 countries with a high Net Promoter Score.
CEO Sean Fitzpatrick emphasized that the investment from KKR will accelerate the development of data and AI capabilities within Lighthouse’s platform, enabling geographic expansion and better customer service. KKR’s investment aligns with its strategy of supporting technology-focused growth companies, leveraging its expertise in the technology sector. This investment follows Lighthouse’s rebranding a year ago and builds on its previous funding rounds, showcasing confidence from existing investors.
Lighthouse’s core products encompass rate shopping, market demand monitoring, performance benchmarking, business intelligence, AI-powered pricing recommendations, and analytics tools for DMOs, hotels, and rentals. Recently launched features like Smart Compset and Smart Summaries demonstrate the company’s commitment to innovation and providing data-driven solutions. With this substantial funding and a diverse product portfolio, Lighthouse is positioned for continued growth and leadership in the hospitality technology market, empowering hotels to optimize revenue strategies and enhance the guest experience through data-driven insights and AI solutions.
Source
Photo credit hoteltechnologynews.com
