UK: Global corporate lodging platform AltoVita has extended its accommodation network from one million units to seven million units.
A new curated accommodation platform will now seamlessly integrate extended stay lodging and hotels onto a single platform. The significant expansion has been supported through multiple new technology integrations, extending AltoVita’s inventory reach to 35,000 locations globally.
More than 90 per cent of the units are instantly bookable, offering convenience and flexibility, enabling corporate customers to swiftly find and book accommodation that suits their preferences and needs.
To put the safety of employees first, AltoVita’s new platform will feature a robust filter system that meticulously checks property amenities, descriptions and more, fulfilling duty of care obligations.
The offering caters to new demands from clients, including corporate clients and relocation management companies. With more uncertainties when travelling for business or relocating, employees need flexible solutions to react to various scenarios or emergency situations, such as a missed flight or other unforeseen circumstances.
Additionally, for domestic moves where individuals have a 14-day temporary housing budget until they find a permanent home, extra hotel choices become an ideal option within their company policy.
Employees are increasingly demanding more diverse types of accommodation, with serviced apartments, hotels and aparthotels increasingly catering to longer term business travellers.
Incorporating a dedicated approval flow, the new platform enables employees to self-book accommodation, which can then be approved by relocation management companies, travel management companies, or by the corporate’s internal global mobility and business travel teams. The extra layer of control ensures cost management remains at the forefront while providing a premium booking experience for all parties involved.
As AltoVita uses negotiated rates with its hospitality partners, the company alludes to substantial savings for customers. A recent industry survey carried out by AltoVita revealed companies can expect ten per cent savings from using a platform to conduct targeted negotiations with selected suppliers.
The added benefit allows travellers to enjoy both the comfort of hotel and serviced apartment stays and the cost savings associated with managed extended stay programmes. Most importantly, AltoVita continues to be in charge of the guest experience, delivering high-quality service and maintaining consistency throughout the booking process.
In December, AltoVita closed an oversubscribed $9.5 million Series A investment round to fund its expansion, reshape the technology landscape, and build the largest inventory in the $201 billion corporate accommodation sector. It aims to do this by delivering 2.5 million properties to businesses and employees across 35 thousand locations by the end of 2023.
The company was also recently recognised at the 2023 Serviced Apartment Awards in London.
Vivi Cahyadi Himmel, co-founder and CEO of AltoVita, said: “Driven by a remarkable surge in demand for employee choice and a heightened emphasis on cost savings, we have strategically been deploying capital from our $9.5 million Series A fund to revamp the AltoVita self-search platform and a proprietary approval flow system that ensures utmost duty of care for our valued clients.
“We are delighted to see the successful completion of multiple integrations that have truly transformed our diversified asset-class offering. Our corporate clients now enjoy unparalleled access to a meticulously curated selection of seven million keys, multiplying our global footprint by an astonishing factor of 10x to 35,000 locations worldwide.
“This remarkable achievement signifies a momentous milestone and reinforces our unwavering commitment to revolutionising the corporate accommodation landscape,” she added.
Karolina Saviova, chief operating officer and co-founder of AltoVita, said: “AltoVita’s focus has always been on employee choice and the highest level of personalisation of corporate accommodation solutions. We are proud to pioneer unique hospitality asset class diversity at an incredible scale, supporting the latest trends of asset convergence and instantly accessible inventory.
“The curated accommodation platform is a perfect fit for enterprise clients, as it offers a dedicated customer success team and meets the needs of corporate quality standards and industry best practices,” she added.
AltoVita’s technology creates a cloud-based bridge between the highly-fragmented property distribution system and Global 2000 companies, SMEs, and business travellers, reducing the legacy 48-to-72-hour bidding process down to “a few minutes”.
The customisable platform provides instant access to a diverse network of seven million+ housing options worldwide – including serviced apartments, professionally managed homes, aparthotels, and co-living – with the ability to sort by desired amenities, pet friendliness, sustainability scores, and more. All properties are fully vetted and verified to provide duty of care and compliance, backed by an extensive four-tier quality control system.
