Duetto acquires hotel market analysis firm HotStats

Duetto, a provider of revenue management software for the hospitality industry, has acquired hotel benchmarking and market report producer HotStats.

The acquisition is aimed at accelerating Duetto’s ambition to become a major revenue and profit operating system for the hotel industry.

The entire HotStats team will be joining Duetto as part of the transaction. Other terms of the deal were not disclosed.

David Woolenberg, chief executive of Duetto, said: “By augmenting our existing suite of solutions with HotStats’ industry-leading financial benchmarking data asset, we’re able to deliver the industry’s most comprehensive solution for driving revenue and profit optimisation. Together, we will reimagine what’s possible for hotel revenue and profitability.”

Jonathan Langston is retiring as HotStats’ chairman following the deal. He said: “HotStats has long been a pioneer in profitability benchmarking, and it is only fitting that the next stage of its evolution will be with an equally visionary hospitality technology provider.”

HotStats’ chief executive Michael Grove added: “Duetto’s commitment to reshaping revenue and profit optimisation resonates strongly with our complementary focus on actionable financial insights. We see enormous potential in joining forces, extending our impact to help hotels identify opportunities to improve efficiency, better meet customer demand, optimise profitability across every facet of their operations.”

The buyout follows Duetto’s own acquisition by GrowthCurve Capital last year.