Duetto has closed a $21 million financing led by Accel Partners to extend the company’s global reach. Duetto is a pricing solution able to handle the complexity of different customer segments, room categories, length of stay restrictions and distribution channels. The company’s advantage stems from the combined background of its founders.
Patrick Bosworth and Marco Benvenuti bring deep domain expertise and innovative methodologies derived from their experience at Wynn Resorts and other casino hotels. This, combined with Co-Founder, and former Chief Technology Officer of Salesforce.com, Craig Weissman’s knowledge of cloud platforms enables the team to tackle the largest problems the hotel industry faces today.
“Even though travel is the most penetrated category online, hoteliers are stuck using 20 year old technologies that cannot keep up with today’s distribution needs,” Bosworth said. “While third-party intermediaries, such as Priceline and Expedia, continue to innovate and thrive, hotel profitability has remained stagnant. We are giving hotel owners, operators and managers the tools they need to level the playing field and recapture revenue that is being lost on commissions.”