Today, New York City and San Francisco get to see the private beta launch of Stayful, a real-time bidding platform for booking independent boutique hotels. Stayful recently received $2.4 million in funding led by Canaan Partners, and the startup hopes to use this funding to solve issues associated with securing rooms for hotels and travelers alike.
The veteran team leading Stayful has prior experience ranging across travel and hotel companies Expedia, Hotels.com, Hotwire, Joie de Vivre, Jetsetter, and KAYAK. The platform they have designed finds the unsold rooms at boutique hotels and primes them for Stayful user bids.
“This has been a missing piece in the online travel industry,” says Stayful CEO Cheryl Rosner in the press release. “There are thousands of independent boutique hotels around the world, but they lose $13.9 billion in revenue each year due to unsold rooms.”
Users search Stayful-recommended bid prices on rooms that will be available in the next 30 days, and place their bid. The hotel is then invited to accept or reject that bid. Should the hotel decline the offer, users can still book at the original asking price.
The main mission behind Stayful is to provide travelers an opportunity to discover unique hotels at low cost with high levels of price transparency. With Stayful, you are your own travel agent, and the room you book will be exceptional.