The hospitality sector is on the brink of a transformative shift with the launch of RoomRite 2.0, an innovative B2B resale marketplace aimed at addressing the industry’s substantial $21 billion attrition issue. No longer are unsold rooms a financial drain; they now represent a potential profit.
RoomRite 2.0 introduces an advanced platform for reselling unoccupied group accommodations at exclusive, undisclosed rates. This not only generates additional revenue for hotels but also offers savings and incentives for meeting planners, travel advisers, and enticing discounts for purchasers.
“We’re disrupting the industry in a positive way. We’re reinventing the way the entire industry looks at attrition,” says Teresa (Tee) Guastella, CEO of RoomRite. “RoomRite transforms unused inventory into an accessible B2B marketplace, optimizing resources and minimizing waste for everyone.”
Benefits of RoomRite include:
- Meeting Planners: Avoid financial losses from unfilled room blocks, meet contractual requirements, and earn rewards.
- Hoteliers: Reveal new revenue opportunities, manage room inventory more effectively, and enhance client relations.
- Buyers: Access special group rates immediately and capture the most favorable deals quickly.
With its launch, RoomRite 2.0 has already showcased significant growth. Starting with an inventory valued at $4 million, the platform now boasts an expanding roster of properties worldwide, featuring prominent brands such as Marriott, Hilton, and Holiday Inn, along with luxury boutique locations, portfolio companies, and more. This burgeoning marketplace is poised to revolutionize group travel and event coordination, with plans for expanding its global partnerships, integrating essential software, and adding extensive services to improve the travel experience.
RoomRite is dedicated to contributing positively to society. Its TravelRite Rewards program supports meeting planners, nonprofits, and VIP Partners by turning unused rooms into resources for meaningful causes, accessible at no extra cost.
The B2B Marketplace is catalyzing a new epoch in the hospitality industry. It invites a growing network of event professionals, travel advisors, hoteliers, and VIP Partners to engage with the future of unique and convenient group accommodations.
Introducing The RoomRite Executive Team:
“I am honored to welcome the new RoomRite executive team; their combined experience and expertise will be instrumental as we embark on our next phase of growth and innovation. We are poised to become a positive force in the hospitality industry by filling a void that the meeting and hotel industry has been in need of for decades,” says Teresa Guastella
Leadership at RoomRite:
- Teresa Guastella, Founder & CEO: With over two decades in hospitality leadership and executive roles at esteemed companies like Hilton and Marriott, Teresa drives RoomRite’s strategic direction.
- Lon Hudman, CRO & Partner: Lon brings over 35 years of expertise in corporate marketing and branding, specializing in live event production and impactful communications.
- Jennifer Englert, COO & Partner: As a business attorney and founder of The Orlando Law Group, Jennifer contributes her 25 years of legal, tech, and entrepreneurial knowledge.
- Chris Grey, CTO & Partner: With extensive experience in software architecture and cloud infrastructure, Chris spearheads the technological advancements at RoomRite.
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