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Duetto, a revenue strategy platform for hospitality, has closed an $80 million Series D round in funding.The round was led by funds affiliated with private equity firm Warburg Pincus. The funds will go towards improving the company’s existing technology for hotel pricing as well investing in additional products and innovation around personalization and ecommerce. Duetto previously raised $30 million back in mid-2015 with total funding now more than $143 million. In a related blog post, Co-founder and CEO Patrick Bosworth says the industry is “poised to embrace new ways to regain control of their inventory, bookings and guest loyalty.” He goes on to talk about pricing only being one part of revenue strategy and the need for cross department collaboration and the sharing of data. Read original article |
