Hotel Marketplace Hoken Raises $9M to Disrupt Lodging Industry
NEW YORK, Nov. 3, 2022 /PRNewswire/ -- Hoken, a travel startup led by an all-star team of hospitality and tech industry executives, has raised $9 million for its event-focused lodging marketplace. The new company brings much-needed room flexibility and pricing transparency to large events, while driving higher hotel revenue. The round was led by Streamlined Ventures, with BY Venture Partners and individual financial and family investors also participating in the raise. The Hoken marketplace will be launching in the coming days.
- Hoken also charges no commissions or distribution costs and covers transaction fees, providing only upsides for hotel partners.
- The company has to-date established prominent lodging group and independent hotel partnerships and is in advanced discussions with more.
- "Hoken is positioned to dramatically impact lodging as it creates a win-win setting for hotels and consumers," shared Chris K. Anderson, professor at the Cornell School of Hotel Administration and Hoken advisor.
- "We are passionate about our mission to drive flexibility, accessibility, incremental guests, and increased revenue within the lodging industry," said Tarek M. Daouk, co-founder and CEO, Hoken.