Source: Fortune
Summary
Mews founder Richard Valtr built his hospitality technology company due to his frustration with manual tasks while working at his family’s hotel in Prague. Valtr created Mews to handle bookings, check-ins, payments, and operations, which is now used by over 15,000 properties worldwide. The company raised $300 million in a Series D round, bringing its valuation to $2.5 billion. Valtr credits the growth to the fact that Mews is built by people inside the industry, focusing on creating authentic guest experiences.
Our Reading
The announcement sounds familiar.
Richard Valtr, a “frustrated hotelier,” built Mews to solve his own problems. The company’s growth is attributed to its focus on creating authentic guest experiences, rather than just decreasing record-keeping and logistics. Valtr’s approach is to “dogfood” his own product, using it himself before releasing it to clients. This framework has won Mews the Best PMS award for three years running. The company’s valuation has reached $2.5 billion, with 15,000 hotel customers across 85 countries.
The numbers tell one story, but Valtr’s story is one of solving his own problems, and that’s what made Mews a unicorn.
Author: Evan Null
