Zonetail secures $2.3 Million in Series A financing to further develop first ever "anchored local" hotel app
TORONTO, Sept. 15, 2015 /PRNewswire/ - App developer and tech startup Zonetail Inc. (Zonetail) is proud to announce that it has raised $2.3 million CDN in Series A financing through private investors. The round of financing will help further develop its "anchored local" white-label hotel app, and grow its market and revenue.
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Zonetail is the world's first free mobile app and platform, custom branded to hotels, which connects guests to the full range of hotel services and businesses in the surrounding neighbourhood.
"People don't just check into a hotel, they check into the neighbourhood of a city," said Mark Holmes, President and CEO, Zonetail. "Most of people's lives, whether at home or traveling, are spent within five miles of their home base. By organizing the information that matters most to them, we are saving them time, and making their experience more rewarding."
The app platform taps into people's desire to travel to new cities, but to shop, dine, and explore like a local. According to a 2014 Trip Barometer survey, 90 per cent of U.S. travelers use their mobile phones when vacationing. Further, 62 per cent used it to search for restaurants, 52 per cent to look for activities, and 62 per cent to search for hotels.
"We strongly believe that Zonetail will help us enhance our guest services and connect with our customers," said Tom Tittel, Vice President of Operations, Silverbirch Hotels. "The app gives us the flexibility we need without developing a custom solution, which we predict will reduce our operating costs and increase revenue."
To date, Zonetail has signed agreements with more than 100 hotel properties in 10 Canadian provinces and 15 U.S. states, including three offshore hotels. The company is also in negotiations with major international hotel chains to launch the app on a chain-wide basis.
The app is free for hotels to use, with revenue streams coming from retail advertising from the surrounding area.
"I'm convinced that this model is something that both hotels and guests will want, and meet the needs of the twenty-first century traveler," said Hugh McCauley, private investor, and former Partner and Lead Portfolio Manager at Acuity Investment Management Inc. "We are satisfied that the business plan and revenue model of Zonetail will carry it through to the next stage of development."
While it was launched as a hotel app, the Zonetail platform can be applied to any location where people live, work, stay, or congregate. Future plans include servicing condos, office towers, and large-scale events, among others.
About Zonetail
Zonetail, the anchored local mobile application for hotels and condos, connects guests and residents with the property and the local neighbourhood. It provides users with access to and interactions with property amenities and services, combined with local restaurants, stores, services, entertainment and attractions. For hotels, condos and users, it's free.
The company was founded in 2013, based on legacy business Kingsway Agencies, with a 50-year history of sharing information on hotel services, as well as local area businesses. Zonetail is the modern remix of that legacy business, applying extensive experience in the hospitality industry and direct to guest advertising.
To date, the company has signed agreements with more than 100 hotel properties in 10 Canadian provinces, 15 U.S. states, and three offshore hotels, as well as 4,500 condominium buildings.
For more information, visit www.zonetail.com
Twitter: www.twitter.com/zonetail
LinkedIn: https://www.linkedin.com/company/zonetail
Media contact: Colin Nekolaichuk, MAVERICK, [email protected], 416-640-5525 x253
SOURCE Zonetail Inc.
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