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Cloud9Xp acquired by Hotel Online in a share swap deal
Cloud9xp, an online marketplace, booking service and distributor for leisure experiences and alumnus of Nairobi Garage, has been acquired by HotelOnline in a share swap deal that will see the startup essentially become the B2C channel of the Africa-focused hotel-booking platform.
Launched in 2013 by Mesongo Sibuti and Tesh Mbaabu, Cloud9, has over the period raised funds and taken part in some leading start-up competitions including the Google Launchpad Africa accelerator, and DEMO Africa in Morocco.
The acquisition comes at a time when the Hospitality industry has been hit by a myriad of challenges following the COVID 19 pandemic though the industry currently is slowly opening up.
In 2019, CloudxP acquired a competitor Heartbeat Adventures, to go into flight and hotel bookings. The company has now been acquired by HotelOnline as part of a share swap deal.
Founded in 2014, HotelOnline is a leading e-commerce and digital marketing platform for hotels that has helped more than 1,500 hotels across 18 markets in Africa and the Middle East increase their revenues.
Founded in 2014, HotelOnline is a leading e-commerce and digital marketing platform for hotels that has helped more than 1,500 hotels across 18 markets in Africa and the Middle East increase their revenues.
The company provides a cloud-based suite of tools for rates and reservations management, AI-driven dynamic pricing, and distribution to online marketing channels, such as Online Travel Agents (OTAs), Global Distribution Systems, and metasearch engines.
The company also offers solutions for managed distribution to such channels. HotelOnline partners with Expedia, Booking.com, Hotelbeds, Airbnb and Ctrip.
The company is incorporated in Dubai, with offices in Nairobi, Lagos, Kampala, Dakar, Warsaw, Islamabad and Oslo.
It’s a big congratulations from Nairobi Garage to Cloud9xP as we are proud to be associated with the brand and being part of their growth journey.
