Cloud5 makes $100M available to hospitality industry

Cloud5 Communications, a provider of communications solutions and managed IT services, has arranged funding dedicated to helping the hospitality industry recover from the slowdowns in travel and tourism that resulted from the COVID-19 pandemic. 

As a result of this program, hoteliers will be able to deploy new HSIA networks and telephony systems or upgrade their existing communications technology without the concerns of upfront payments or the burden of trying to secure financing.

Cloud5 testing-as-a-service will expand significantly during the fourth quarter and into 2022 to include additional services and flexible options. The company accelerated its development of this offering due to the ongoing financial impact of COVID-19 on the hospitality industry.

“There’s never been a more critical time to help the hospitality industry, and we’re privileged to be able to do so in a way that preserves constrained financial resources, while still allowing for property innovations that will improve the guest experience,” said Mark Holzberg, president and CEO of Cloud5.