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April 19, 2022

Cloudbeds reports growth as hotel Industry recovery accelerates

Originally published here.

Technology provider Cloudbeds revealed several strategic investments, including the expansion of its executive team and the rollout of an aggressive product development roadmap at AAHOACON 22 in Baltimore. Leveraging funds from its recent Series C and D raises of $82 million and $150 million, respectively, the company is driving technology transformation for lodging customers worldwide as the industry prepares for increased bookings and occupancy levels in the coming months.

“Cloudbeds customers have seen triple-digit growth in new reservations and demand during Q1 2022 alone,” said Richard Castle, COO/cofounder, Cloudbeds. “The increase in booking acceleration indicates that the industry recovery is well underway. The hospitality industry is in an extraordinary position, and we have invested heavily in our team to continue to introduce new product offerings that help our customers navigate rapidly shifting market conditions.”

In addition to hiring more than 300 employees in the past year, which represents a 70% growth in its global workforce, Cloudbeds expanded its executive team with three technology industry veterans. These include Ivo Salmre, previously with Microsoft and Tableau/Salesforce, who has been appointed VP of product; Janet Jaiswal, previously with PayPal, Infosys, and IBM, who has been tapped as VP of global marketing; and Deborah Hamill, previously with Zendesk and US Bank, who has been appointed VP of people. The three new VPs join an executive suite that includes Rafael Blanes, who was recently promoted to SVP of sales & growth after serving as VP of sales for more than eight years. Blanes has grown the Cloudbeds sales team into one of the world’s largest SMB-focused hospitality tech sales organizations, the company reports.

“At Cloudbeds, our motto is ‘More Reservations, Happier Guests,’” said Adam Harris, CEO/cofounder, Cloudbeds. “In 2022, we are focused on both themes in a big way with two major upcoming product releases that will drive more demand and increase bookings. This will enable stronger and better communication between hoteliers and guests to improve the overall guest experience. With staff shortages continuing to heavily impact the hotel industry worldwide, the product solutions we will launch are focused on helping property owners automate their business and drive better profitability while minimizing the staff labor required. It’s a win-win.”