VRMA Administrator
Global corporate lodging platform AltoVita has extended its accommodation network from 1 million units to 7 million units. In December, AltoVita closed an oversubscribed $9.5 million Series A investment round to fund its expansion, reshape the technology landscape, and build the largest inventory in the $201 billion corporate accommodation sector. It aims to do this by delivering 2.5 million properties to businesses and employees across 35 thousand locations by the end of 2023. Vivi Cahyadi Himmel, co-founder and CEO of AltoVita, said: “Driven by a remarkable surge in demand for employee choice and a heightened emphasis on cost savings, we have strategically been deploying capital from our $9.5 million Series A fund to revamp the AltoVita self-search platform and a proprietary approval flow system that ensures utmost duty of care for our valued clients." Karolina Saviova, chief operating officer and co-founder of AltoVita, said: “AltoVita’s focus has always been on employee choice and the highest level of personalization of corporate accommodation solutions. We are proud to pioneer unique hospitality asset class diversity at an incredible scale, supporting the latest trends of asset convergence and instantly accessible inventory."
ShortTermRentalz (07/13/23) Paul Stevens
