Alumni Dennis and Naveen and their business partner Marco successfully secured €1.4 million to fund their travel-tech start up – Lodgify. The entrepreneurs met at Royal Holloway when Dennis and Naveen studied BSc Management and Marco read BSc Economics in the Faculty of Management, Economics and Law. Their business aims to enable rental owners and property managers to create their own mobile friendly website to accept online bookings and process payments. As co-founder Dennis says:
“We want to help vacation rental owners and property managers generate more direct bookings and become less dependent on online travel agencies like Airbnb and Booking.com, that typically charge high commissions and traveller fees,” says Royal Holloway alumnus and co-founder Dennis Klett.
“The problem is that most vacation rental owners do not have a bookable website, even though 92 per cent of travellers prefer to book a vacation rental online. This results in, on average, 9-10 days of email ping pong before a booking actually takes place and payment is received.”
Lodgify addresses these issues by enabling vacation rental owners to create their own mobile friendly website and, most importantly, to accept online bookings and process payments. They had the idea and developed their prototype website whilst at Royal Holloway. Read about their entrepreneurial journey from idea to implementation and how their Management degree equipped them for the task ahead here.