Digital room keys have been around for years, but the catch has been that guests have to download a hotel's app to make them work. So some hoteliers are hoping to simplify things.
The timing couldn't be better: The Leela-parent Schloss Bangalore is gearing up for a mega IPO to drive diversification and expansion just as the hotel industry in India is heating up.
CEO Brian Chesky has been pushing the idea for a while that he wants to expand beyond the core business of short-term rentals. Now the company is investing upwards of $250 million.
The partnership signals a broader trend: Hotels are rethinking their technology not just to run operations more smoothly, but to sell a wider range of services.
Sabre's sale of its hotel reservations tech should help the travel tech company focus on its core airline business. It's notable that a PE firm rather than a rival player, such as Oracle or Cendyn, chose to buy.