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Home Business & Finance Japanese vacation rental management startup H2O raises $7 million Series B from...

Japanese vacation rental management startup H2O raises $7 million Series B from investors including Samsung Ventures – TechCrunch

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Japan’s tourism industry is booming, but it faces a hotel room shortage, especially in Tokyo as it prepares for the Summer Olympics. The startup announced today it has raised $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital, bringing its total raised to $18 million. H2O (the name stands for Hospitality 2.0) allows owners to manage operations, housekeeping and bookings from different online travel agencies on its platform, lowering the cost of doing business. […] Then in 2018, H2O expanded to full hospitality management services, including property, yield, revenue and operations. […] Lee says the new regulation allowed more real estate investors, who already owned other types of hospitality properties, to enter the minpaku market. […] About 60% of guests who use H2O to book accommodations are inbound travelers (of that number, 40% are from China, 40% are from Southeast Asia, 10% are from South Korea and 10% are from other countries), while the rest are domestic tourists.


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