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Industry-first, consolidated platform partners with leaders including Auberge Resorts Collection, Crescent Hotels & Resorts, Evolution Hospitality and Loews Hotels & Co
ROH Crosses $100 Million in Booking Value Created as Hotel Operators, Owners and Brands Tap Payments and Revenue Management Platform to Increase Profitability
Media Contact
Kate Gundry
ROH@pluckpr.com
617-797-5174
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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724839443/en/
ROH’s payments and revenue management platform is designed to streamline and optimize sales, payments and finance within the hospitality sector. By providing hotel asset owners and operators with advanced technology, automation and workflow tools, in addition to compliant transaction solutions, ROH empowers operating teams to unlock productivity and profitability at every property. (Graphic: Business Wire)
ROH’s payments and revenue management platform is designed to streamline and optimize sales, payments and finance within the hospitality sector. By providing hotel asset owners and operators with advanced technology, automation and workflow tools, in addition to compliant transaction solutions, ROH empowers operating teams to unlock productivity and profitability at every property.
“Global hospitality sales are a multi-trillion dollar opportunity and more revenue than ever is shifting to be run outside of the front desk with upwards of 60 percent of a hotel’s revenue being contract-driven. From group sales to leisure this massive opportunity is disjointed, opaque and broken. In an industry where efficiency and profitability are paramount, ROH is reshaping the landscape with a solution that maximizes revenue potential by coupling real-time visibility with a centralized platform for organizing contracts, deploying invoice schedules and customizing payment options,” said Jess Conroy, CEO and Founder, ROH. “Over the last year we have supported over a hundred properties as they’ve boosted their sales and finance teams day-to-day productivity, getting them back to important revenue-generating work and providing an excellent end-client experience.”
Features of ROH’s payments and revenue management platform include:
Centralized Back-Office
AR + Accounting Management
Workflow Management
Data + Insights
Embedded Payments
Elevated Client Experience
Booking Documentation
“Technology adoption is one of the key ways the hospitality industry will continue to grow in the years ahead. New solutions exist for both guests and properties alike. ROH easily integrates with operator and property tech stacks, simplifying complex, multi-stakeholder processes and driving bottom-line results,” said Rhett Keller, Chief Revenue Officer, ROH. “To date we are seeing material expansion within revenue lines at each property as no other solution in the market tackles the massive global payments volume of the hospitality industry in a consolidated way.”
Today ROH is gaining momentum across innovative hotel management companies with clients including Loews Hotels & Co, Crescent Hotels & Resorts, Auberge Resorts Collection, Evolution Hospitality, Highgate, Easton Porter Group, Noble House Hotels & Resorts and flagship brands including Marriott, Hilton, Hyatt, IHG as well as boutique independents. ROH enables these properties to effortlessly manage sales, payments and finance all in one place. For the first time, property teams have a solution for cross departmental collaboration to manage one of hospitality’s most profitable revenue streams. ROH clients experience increased sales conversion with decreased processing and personnel costs creating the flywheel for more profitable growth.
For more information about ROH and its payments and revenue management platform, visit: https://roh.co/
About ROH
ROH is the hospitality industry’s first payments and revenue management platform purpose-built to help hotels increase profitability. ROH drives conversions, increases revenue and provides real-time data and insights for large hospitality groups, asset owners and their brands. ROH’s leading technology, automation and workflow tools unlock productivity for hotel operators by enabling them to effortlessly manage sales, payments and finances all in one place.
Developed by industry leaders, ROH has established relationships with leading hospitality brands collectively managing over $4T in Gross Payment Volume (GPV), including Loews Hotels & Co, Crescent Hotels & Resorts, Marriott International, Auberge Resorts Collection, Noble House Hotels & Resorts and Evolution Hospitality.
ROH is quickly becoming an indispensable partner to forward-thinking hospitality groups as they optimize sales and finance operations and is proudly backed by investors including Acrew Capital, 1Sharpe Ventures, Founders Fund, Moore Specialty Credit, Correlation Ventures, SilverCircle, Cleo Capital and GMO VenturePartners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240724839443/en/