Mews CEO talks unicorn status, US expansion plans
Following the March closure of the company’s latest funding round, which netted $110 million, Mews is now valued at $1.2 billion, making it a hospitality unicorn
Mews currently serves a vast clientele of 5,000 customers spanning over 350,000 venues worldwide. A significant portion of these customers has been acquired through strategic acquisitions of other hospitality tech startups, such as Nomi, an AI-powered guest insights provider, in October, and Frontdesk Everywhere, a hotel management software developer, in January, among others.
Key takeaways
- While Mews has achieved substantial growth in Europe, its presence in the U.S. is still evolving, having entered the market only in 2019. Recognizing the significance of the U.S. market, Mews aims to solidify its position there, especially considering potential future plans like an IPO.
- On the research and development front, Mews emphasizes the importance of continuous innovation to stay ahead of formidable competitors. The focus remains on leveraging cutting-edge technology, particularly AI, to provide the most advanced solutions to clients.
- Mews excels in serving independent segments, but its offerings become particularly compelling for brands seeking efficiency enhancements. Integration capabilities play a crucial role here, as brands prioritize seamless connections with various systems, an area where Mews stands out.
Get the full story at Hotel Dive