About Hotel Reservation System
Hotel Reservation System is a company based in Koln (Germany) founded in 1972.. Hotel Reservation System has completed 6 acquisitions, including HolidayInsider, Hotel De and Itelya. Hotel Reservation System offers products and services including HRS App and Online Booking Platform. Hotel Reservation System operates in a competitive market with competitors including Selina, Hotel De, HolidayInsider, R3charge and IntercityHotel, among others.
- Headquarter Koln, Germany
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Hrs Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2.73 M (USD), Grant
Apr 17, 2023
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
HolidayInsider
& 5 more
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Products & Services of Hotel Reservation System
Hotel Reservation System offers a comprehensive portfolio of products and services, including HRS App and Online Booking Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for booking hotels and managing business travel options
Website for hotel reservations with discounts and ratings
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Data Analysis and Operations Team
31 people
Product Management Team
29 people
Software Development Team
24 people
Leadership Team
8 people
Finance and Accounting
6 people
Human Resources and Administration
6 people
Sales and Marketing
5 people
Board Team
4 people
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Funding Insights of Hotel Reservation System
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $2.7M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Grant - Hotel Reservation System | Valuation |
investors |
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| Sep, 2019 | Amount | Debt – Conventional - Hotel Reservation System | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hotel Reservation System
Hotel Reservation System has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hotel Reservation System
Hotel Reservation System has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include HolidayInsider, Hotel De and Itelya. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Mobile internet and TV services are provided to customers.
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2015 | ||||
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Hotel reservation management solutions are provided by Smarthotel.
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2014 | ||||
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Travel expense management platform provided for payments and invoices.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hotel Reservation System
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hotel Reservation System Comparisons
Competitors of Hotel Reservation System
Hotel Reservation System operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Selina, Hotel De, HolidayInsider, R3charge and IntercityHotel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Online platform for booking hostel accommodation and co-working spaces for travelers
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| domain | founded_year | HQ Location |
Hotel accommodations are booked online via a mobile-enabled platform.
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| domain | founded_year | HQ Location |
Online marketplace for hotel booking
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| domain | founded_year | HQ Location |
Online platform for booking hotel accommodations
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| domain | founded_year | HQ Location |
Provides city hotels for business trips, meetings, and leisure stays in Europe.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hotel Reservation System
Frequently Asked Questions about Hotel Reservation System
When was Hotel Reservation System founded?
Hotel Reservation System was founded in 1972 and raised its 1st funding round 47 years after it was founded.
Where is Hotel Reservation System located?
Hotel Reservation System is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
What does Hotel Reservation System do?
The Hotel Reservation System was founded in 1972 in Cologne, Germany, and functions as an online platform within the travel sector. Accommodations are searched and reserved by users on hrs.com by entering details such as destinations, check-in and check-out dates, guest numbers, and payment information. Operations focus on enabling secure bookings for various traveler needs across global locations.
Who are the top competitors of Hotel Reservation System?
Hotel Reservation System's top competitors include Selina, Hotel De and bookitgreen.
What products or services does Hotel Reservation System offer?
Hotel Reservation System offers HRS App and Online Booking Platform.
How many acquisitions has Hotel Reservation System made?
Hotel Reservation System has made 6 acquisitions, including HolidayInsider, Hotel De, and Itelya.
Who are Hotel Reservation System's investors?
Hotel Reservation System has 1 investor. Key investors include European Union.