QSTAY HOSPITALITY TECHNOLOGIES

Qstay Hospitality Technologies, a Dubai DIFC based next-generation hospitality company that is redefining the guest experience through technology and design. Since its founding, Qstay has executed against its mission to transform the hospitality industry through modern, technology-powered service and inspiring, thoughtfully designed accommodations, combined into one seamlessly managed experience. Qstay currently operates close to 200 properties in the UAE and Europe and 200 more are signed. As... pioneers in the digital and contactless guest experience in Dubai, Qstay have been providing the kind of stays that most guests are now seeking. Whether for long, medium or short-term, the self-contained spaces and self-service solutions — including digital app-based check-in, keyless entry, professional cleaning, hotel style amenities and services with no lines or crowded lobbies — are the foundation of what guests now demand from a hospitality company. Fully-equipped kitchens, large 4K Netflix enabled smart TVs, extra living space, and private laundry are standard in all Qstay spaces. As an added bonus Qstay provides digital app-based access to gyms, spas, pools and beaches for its guests staying in beachfront properties. That is why Qstay occupancy rate is now consistently above 80% and REVPAR is an outstanding $182, which is well above its competitors. Qstay projects to be Net Income positive by the year end. Company’s revenue has been growing at rate of over 100% quarter over quarter and company currently projecting a $20 million revenue run rate by year’s end, which it says 8 times that of last year. Qstay expects its portfolio to grow to over 600 units and to achieve revenue run rate of $50 million in 2023. Qstay works directly with property owners to lease, manage and operate spaces, providing guests with exceptionally designed accommodations at affordable prices on a nightly, weekly or monthly basis. The company offers text-enabled around-the-clock concierge service, and confirms that while it doesn’t own any of its units, all of them are directly leased and managed by Qstay. The company leases large groups of units in the top locations, upgrades and furnishes them to the consistent luxury standard and supports them with the extensive luxury hotel-like services and amenities such as bathrobes, slippers, luxury toiletries, while providing digital check-in, keyless entry and free app-based access to the facilities of the nearby 5-star beach resorts. Qstay operates as a virtual hotel brand and customers can book via Qstay’s site or through online travel agencies such as Airbnb.More