Roomer

Roomer is a US-based online marketplace that enables users to buy and sell non-refundable hotel reservations, offering significant discounts for travelers seeking affordable accommodations. Founded in 2011 in New York, Roomer specializes in facilitating the resale of non-refundable hotel bookings. The company raised USD 5. 00 mn in Series A funding on November 25, 2014, from investors including BRM Group and Disruptive Technologies Venture Capital.

The current CEO is Heewon Kim. The company has engaged in two significant funding deals to date. Roomer operates a travel marketplace focused on the resale of non-refundable hotel reservations. It allows individuals to list their hotel bookings for sale at discounted rates, catering to budget-conscious travelers.

By connecting sellers with buyers, Roomer alleviates financial losses from canceled travel plans and offers lower-cost accommodations. The company serves diverse demographics and primarily targets markets in Europe and North America, with a presence in major cities such as Amsterdam, Barcelona, and London. Roomer generates revenue through transaction fees charged on hotel bookings made via its platform. This B2C model allows the company to earn commissions from sales, facilitating exchanges between sellers and consumers seeking cost-effective lodging solutions.

While specific transaction pricing is not disclosed, the discounts offered often exceed 50%, driving the marketplace's demand and enhancing hotel occupancy rates. With the USD 5. 00 mn raised in Series A funding in November 2014, Roomer plans to further enhance its platform and expand its market presence. The company is currently developing new features to improve user experience and is looking to enter additional markets across Europe and North America by the end of 2025.

The recent funding will be allocated to these product enhancements and market expansion efforts.