Restavio is a software focused hospitality management company and in less than a year, we were able to scale from Vancouver, to Whistler, Montreal and Mexico. We are looking to raise $1M USD to scale our growth faster.
How did we grow so fast? The company leverages the latest software and ‘smart’ home technology while bridging all these software tools through the latest in property management software (PMS) with our internal ERP system (enterprise resource planning). This allows Restavio to offer a full A-Z guest experience from the initial booking to check-out.
To create a seamless experience guests will continue to message our guest services team via the same messaging platform where they booked the room. Guests no longer have to call the front desk or worry about meeting someone in person as our guest experience (or service) team are always available online 24/7.
Our growth is also due to being focused on managing other brands (small boutique hotels, but also larger brands like Radisson) which allows us to take on more inventory than brand focused companies like Sonder or Vacasa.
Listings are distributed on multiple online travel agencies (OTAs) such as Airbnb, Booking.com, VRBO, Expedia, C-trip, Rakuten and others which provides us with the widest distribution while we build our partner’s brand. With Restavio's IoT devices and security screening, we are able to cut staff costs, reduce in-person contact and oversee the entire process from check-in to check-out, without having to be on-site or relying on staff being paid to wait around. Cleaning staff are managed remotely and dispatched automatically once guests check out through our ERP (which we call the Restavio Hub)
We are prioritizing automation and keyless/contactless mobile check-in We are also leveraging our technology to replace front desks, keep costs low, and provide high-quality, streamlined customer experiences for modern guests via their mobile device.
The company launched in 2019 as a side project for our founders to see if the next generation of software focused management could be achieved; however, we experienced explosive growth at the height of the global pandemic and entered new markets such as Montreal and Mexico. Restavio will be launching in the USA by first quarter 2022.
Restavio is headquartered in Vancouver, British Columbia managing all its properties remotely. Executive management is located in Vancouver with staff located in Hiroshima-Japan, Manila-Philippines, Montreal-Canada and Guadalajara-Mexico.
Restavio is projected to exceed $1M in revenue by the end of 2021 with gross profit margins of 30%.
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