Lighthouse Sets Sail for Global Expansion and Hotel Tech Innovation with $370 Million Investment

Hospitality technology solution provider Lighthouse has announced a significant milestone with a $370 million growth investment from global investment firm KKR. This funding from KKR’s Next Generation Technology III Fund highlights the increasing investor interest in the hospitality technology sector and will support Lighthouse’s product innovation, strategic acquisitions, and global expansion efforts.
Lighthouse’s platform offers a comprehensive suite of tools designed to empower various stakeholders within the hospitality industry, including revenue managers, commercial leaders, and accommodation owners, by providing real-time data, market insights, competitive intelligence, and AI-powered pricing recommendations. With over 70,000 hotels in 185 countries using its platform, Lighthouse has maintained a high Net Promoter Score (NPS) indicating strong customer satisfaction.
CEO Sean Fitzpatrick expressed excitement about the investment, which will accelerate the development of data and AI capabilities in the platform and support geographic expansion to better serve existing customers and reach new markets. KKR’s investment aligns with its strategy of supporting technology-focused growth companies and will provide Lighthouse with valuable industry experience, resources, and a global network to enhance customer offerings and expand into new market segments.
Lighthouse’s recent rebranding and consolidation of products reflect its expanded vision and capabilities in the hospitality industry, with core products including Rate Insight, Market Insight, Benchmark Insight, Parity Insight, and more. The company’s commitment to innovation, diverse product portfolio, and strong track record position it for continued growth and leadership in the hospitality technology market, empowering hotels to navigate market complexities, enhance guest experiences, and maximize revenue generation.

Source
Photo credit hoteltechnologynews.com