The investment will accelerate Turneo’s mission to change hospitality by enabling world’s leading hotels to offer in-destination activities to their guests.
In addition to growing the team, the funding will enable expansion into new markets and significant product enhancements.
Founded in 2022, Turneo enables hotels to manage their entire activities offering in one place.
It allows hotel guests to browse and book in-destination activities and transfers on the hotel website or app.
At the same time, it provides hotels with a single platform where the entire offering of in-house and partner activities is managed.
This includes creating and publishing new activities, partnering with local providers, as well as reviewing activities data, insights and reviews from their guests.
“Travellers plan and book activities before arriving at their destination”, said Fran Kauzlaric, co-founder of Turneo. “With Turneo, hotels can finally showcase their destinations and manage the activity offering to their guests. This means happier guests, with additional revenue and less operational hassle for hotels”.
Data they are seeing from the 2024 Europe summer season is fantastic: guests who booked activities gave hotels on average 8% higher ratings on reviews sites, and over two thirds of guests who booked activities at hotels using the platform did so online.
Recent years have seen a significant growth in the experiences and hotel activities market which is projected to reach $463bn by 2030. Turneo predicts $172bn will flow through hotels.
Bessemer Venture Partners, is an early-stage venture capital fund. They invested before in Shopify and Toast, as well as household names such as LinkedIn, Pinterest and Skype.
With this new capital injection, Turneo plans to expand its product offerings, grow its global user base, and establish strategic partnerships with visionary global hoteliers. The company, which was previously recognized as one of the Hot 25 Travel Start-Ups for 2024 by PhocusWire, will also invest in further developing its AI-driven platform to offer even more personalised and efficient travel experiences through hotels.