Last-minute booking startup HotelQuickly acquires Japan’s Tonight

HotelQuickly team.

HotelQuickly, the last-minute hotel booking app backed by Japanese internet service group GREE Corp, on Wednesday announced its entry into Japan through the acquisition of local booking app Tonight.

With the acquisition of Tonight, HotelQuickly has expanded its footprint to 16 countries and added another 400 hotels to its roster.

The value of the deal was not disclosed.

The Hong Kong-based startup says it wants to capitalise on the Japanese market thanks to its increasing popularity and recent relaxation of visa requirements.

“Member feedback drives much of what we do at HotelQuickly, and our members told us Japan was one of the top three countries they want to visit this year,” said Christian Mischler, co-founder and COO of HotelQuickly. “Recently relaxed visa requirements, as well as more affordable flights between Tokyo and our current markets is making spontaneous travel to Japan easier than ever.”

“The integration of Tonight will take place over several weeks,” he added. “We’ve already opened deals at hotels in selected Japanese destinations, and will soon make our regional, last-minute hotel offers available to our Japanese members.”

HotelQuickly has raised a total of $5.66 million in funding, with the latest series A round of $4.5 million led by GREE in July 2014.

In an interview with DEALSTREETASIA in December last year, Mischler revealed that the startup was working on a series B fundraising round to make each of its market more localised, and also to strengthen the foothold in six Asian core markets, including Vietnam, Thailand, Malaysia, Indonesia, Hong Kong and Singapore.

Local booking app Tonight, that was released by GREE in June 2014, initially to take on first movers like HotelQuickly and Hoteltonight.

It is seen as a move to tap into the anticipated growth in demand for last-minute bookings in Japan, as the government expects to attract an annual amount of 30 million inbound visitors by 2030.

HotelQuickly, which offers mobile-only discounts on rooms within a seven-day booking window available on Google Play and iTunes App Store, has seen more than two million downloads since its launch in March 2013. According to the company, around 12,000 hotels and resorts have partnered with the app to sell their room inventory to last-minute travelers.

It has a widespread presence across the Asia Pacific region, including 9 Southeast Asian countries.With its foray into Japan, the app is now supported in nine languages.

Also read: 

HotelQuickly in talks to raise Series B funding

HK’s HotelQuickly bullish on 2016 growth through word-of-mouth strategy

GREE Inc-backed HotelQuickly partners BCARD to enhance rewards for Malaysian users

Last minute hotel booking app launches in Myanmar

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.