Posted by Dominika Czajak on 1st October 2019
- Spacebase, the global booking platform for meeting and event spaces, has acquired Okanda, Germany’s leading online portal for hotel meeting rooms.
Founded in 2014, Okanda has a portfolio of over 1600 locations, including major hotel chains like Radisson, Hilton, Sheraton and Hyatt. Okanda’s online reservation system simplifies the process of viewing and booking spaces for users, and allows venues to boost occupancy rates. Its revenue model is a mix of commission and subscription.
“Okanda quickly took the lead of the market for hotel meeting rooms with instant booking, which allowed it to achieve rapid growth” says Spacebase CEO Julian Jost. “Over the last two years, the technological and commercial restructuring undertaken by Ingmar Bornholz have made Okanda into an even more successful business. We’re excited to keep building on this as we bring Okanda into the Spacebase family.”