BEONx Awarded NextGenerationEU Grant for Digital Innovation

BEONx, a trailblazer in travel technology, is thrilled to announce its recent receipt of a grant from SEGITTUR under the auspices of the Ministry of Industry, Trade, and Tourism. This funding is part of the NextGenerationEU initiative and supports the "Last Mile" program, designed to propel digital advancements in small to medium-sized tourism businesses.

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BEONx, a leading travel technology company committed to revolutionising revenue management strategies and achieving profitability for hotels, announces secures NextGenerationEU funding via a grant from SEGITTUR, a body under the Ministry of Industry, Trade, and Tourism responsible for driving innovation in the Spanish tourism sector, to drive digitalization in the sector.

  • BEONx secures NextGenerationEU funding via a grant from SEGITTUR's "Last Mile" Recovery, Transformation, and Resilience Plan to Drive Digitalization in small and medium-sized tourism companies.

  • The project led by BEONx, valued at 4.800.000€, aims to develop a cutting-edge technological platform in collaboration with industry giants.

  • The initiative seeks to optimise hotel management, maximise profitability, and enhance the industry's sustainability. It will integrate certified applications, implement AI, and standardise connectivity in order to make data-driven decisions.

The Recovery, Transformation, and Resilience Plan of SEGITTUR seeks to digitally transform the tourism industry. The aid granted to BEONx in this instance is known as "Last Mile" or "Última Milla", and its purpose is to promote the digitalization of small and medium-sized tourism companies.

BEONx has been awarded a significant financial support for its groundbreaking initiative aimed at tackling the challenges faced by the hotel industry in an era of unprecedented uncertainty and transformative changes. The global project, valued at 4.800.000€, represents a collaborative effort with BEONx holding a 70% stake, while other prominent companies in the tourism sector, including VP Hotels, DynamEat, Bioscore, Barceló, Fideltour, Hospes Hoteles, The Hotels Network, Ladorian, and Masteryield, collectively own the remaining 30%. 

This strategic partnership of industry leaders marks a significant milestone in the pursuit of optimising hotel management and maximising profitability in the face of evolving market dynamics. The joint endeavour will result in the development of an innovative technological platform designed to revolutionise the way hotels operate.

The project seeks to create a technological platform to enhance hotel management and profitability. It comprises four key elements: a marketplace of certified applications for profitability management, a real-time communication platform among these applications, an artificial intelligence engine coordinating their actions, and a hotel sustainability index.

The proposed platform is innovative in integrating all the applications needed to maximise hotel profitability, using artificial intelligence to connect them and make data-driven decisions. It also highlights the focus on total profitability, the certification of application impact, the standardisation of connectivity, and the use of an artificial intelligence engine for coordination.

The project solves problems in the hospitality industry related to the lack of optimisation of revenue opportunities, decision-making based on insufficient data, and inefficiency in the use of contracted technologies. The platform seeks to address these inefficiencies by integrating all hotel services into a single tool and facilitating decision-making based on intelligently processed data.

Rubén Sánchez, CEO and Cofounder at BEONx, stated: "BEONx and SEGITTUR are leading a digital revolution in the tourism industry. With the support of leading companies, we're developing an innovative platform that optimises hotel management, maximises profitability, and promotes sustainability. By integrating certified applications and leveraging artificial intelligence, we are reshaping the industry based on data-driven decisions. We are thrilled to launch this initiative, which represents a major step forward in the digital transformation of the tourism industry."

About BEONx

BEONx is a leading Travel Tech company committed to leadership the future
of revenue strategy and building the Path to sustainable profitability to hotels. Its approach towards the Sustainable Profit Platform comes in response to the hospitality industry’s need for more sophisticated revenue management tools to move towards the concept of sustainable profit.

Sustainable Profit Platform includes BEONx’s revenue management solution (RMS),
as well as a selected set of partner applications, allowing hotels to analyse and
optimise, in addition to room revenue, the revenue from all guest touch points
during their stay, such as parking, rooms, restaurant or spa.

BEONx’s revenue management system (RMS) optimises pricing and distribution based on consumer expectations and buying habits thanks to the Hotel Quality Index HQI™, the only index in the hotel market that measures the hotel’s overall quality, and a double segmentation: by channel and by market.

The company has more than 2.000 customers in more than 30 countries.