Venture Capital: Daycations Platform ResortPass Lands $26M Series B Including From Gwyneth Paltrow
ResortPass offers day access to the luxury hotel near you, no need for an overnight booking.
Ever considered a daycation (day+vacation) at your nearest luxury hotel, spending hours enjoying facilities at the property such as the pool, spa, fitness center, and more, without breaking the bank? It’s possible with ResortPass, which makes it possible to enjoy these ‘experiences’ right there in your neighbourhood, at hotels including Ritz-Carlton, Four Seasons, W Hotels, Hyatt Hotels, Fairmont, and Westin. ResortPass announced a Series B raise of $26 million. (Businesswire)
The funding round was co-led by Declaration Partners and 14W, with existing lead investor CRV participating, and additional new investors including William Morris Endeavor, Gwyneth Paltrow, Jessica Alba and Brian Kelly, also known as The Points Guy.
Hotel amenity day access without a booking
The concept has proved successful, and over the last year, ResortPass has more than doubled its number of users, and has delivered over 1,600,000 guests to its partner hotels since inception.
The platform also provides a SaaS software solution for day access management to its partner hotels.
“The ResortPass product-market fit is the strongest I have seen in over two decades of collaborations with innovative businesses,” said Michael Wolf, the new CEO of the company. “Consumers are obsessed with the access they now have to our partners and our partners deeply value these new consumers. Investors expressed that same degree of enthusiasm throughout this raise. We are excited to be the leader in the rise of the day guest, and I could not be more energized to lead ResortPass in the next phase of its journey.”
“ResortPass is pioneering a whole new segment of the $1.5 trillion global lodging industry,” said Ryan Ackell of 14W. “By creating this opportunity for hotels and guests, ResortPass is aligning the industry with how people are choosing to take time off with shorter, more frequent experiences closer to home.”
The company will use the funding to further expand the organization and reach more global destinations in 2023.
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