Why Now is the Time to Invest in Sezam24
How many hotels are there in the world? Back in 2018 STR estimated 189,000 hotels with more than 17.5 million rooms globally but we’ve seen estimates from Booking and Expedia of 350,000-400,000.
COVID-19 pandemic would force owners and managers of surviving hospitality companies to search more aggressively to decrease the fixed costs of their companies. Although they had not considered automation and business process reengineering as appropriate options before the pandemic, the economic realities during the crisis may persuade them otherwise. Banks may impose stricter liquidity requirements for loans to hospitality companies to avoid potential defaults during crisis situations. This would put further pressure on hotels to decrease fixed costs.
The human touch era is over
Hotels are extremely complex businesses to run operationally with lots of moving parts. How do you service guest requests across shifts? How do you recruit and train new talent? Hotels need automation for all aspects of their complex businesses including: finance, revenue, operations, guest experience and sales. Shockingly, tons of hotels today still run their operations on pen and paper or via on premise systems from decades past.
In the case of post-viral tourism, when people are more concerned about infections and biosecurity threats, automation technologies provide an additional source of competitive advantage for hotels that adopt them.
Social distancing, avoidance of handshakes, increased physical distance between people, avoidance of cash payments and hand-to-hand transfer of items (bank cards, documents, goods, etc.) will stay long enough to force further digitalisation of communication and automation of routine tasks.
The human touch era might be over. Until now the ‘high touch’ was opposed to and often had dominance over the ‘high tech’ in service design thinking.
As part of our corporate strategy, Sezam24 has been strategically expanding its operations worldwide to build on success and maintain a competitive edge. We have been able to keep our steady and sustainable growth with constant innovation in product development and diversification of our offerings for the hospitality industry.
Sezam24 has been in the hospitality industry for several years and our constant innovation in products and services has helped us maintain our financial independence since inception.
Open to New Investment for Global Expansion
We are committed to what we do and what we stand for, which is to provide premium products and services to the hospitality industry. For continuous growth and expansion, a steady flow of investment is necessary for today’s highly competitive market. It is why Sezam24 is always open to new opportunities for its continued expansion into new territories and offer a refreshing level of transparency in the investment process.
Our investment strategy emphasizes on quality and diversification. Our success has been the result of a diverse set of partnerships in the industry. More than the capital investment, we want to expand with the right people who bring in a diverse set of experiences. We have seen a lot of investment fads come and go but our investment philosophy which is “investment done right” has stayed the same. Sezam24 is open to investments from diverse business types such as management and consulting firms, IT vendors, software companies, etc.
Managing risk is a key competency for our business, and it is something we have dedicated resources toward for many years. Over the years, we have put back the financial resources into new products and company assets making Sezam24 a self-reliant and debt-free company.