HotelQuickly, a mobile application that allows users to make “last-minute bookings” in Asia-Pacific hotels at discounted rates, has partnered with several local five-star hotels in a bid to help envigorate the city’s lackluster hospitality sector.
The Peninsula, Grand Hyatt and Four Seasons Hotel are among the top-tier establishments that have joined the league over the last six months to offer concessionary rates through the app, HotelQuickly co-founder Raphael Cohen told the Hong Kong Economic Journal in an interview.
Large hotel groups such as Butterfly and Rhombus have also joined the app to help boost sliding occupancy rates and room prices, Cohen said.
Hong Kong’s overall occupancy rate for the first seven months fell to 85 percent from 90 percent a year earlier, according to data from the Hong Kong Tourism Board.
The average room rate declined 9.5 percent during the period, with July posting a 14.3 percent drop.
The app, launched in 2013, has raised at least US$5.5 million, including funding from Thai tycoon William Heinecke, former Singapore Airlines and DBS Bank chairman Koh Boon Hwee and Japanese mobile games platform GREE.
The company is currently in talks with PayPal on payment collaboration while considering a cross-selling tie-up with smartphone maker Xiaomi Inc.
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