# Hotels.ng

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hotels-ng

- Industry: Internet
- Headquarters: Lagos, Nigeria
- Website: www.hotels.ng
- Total disclosed funding: $1.2M
- Latest round: Series A (May 25, 2015)
- Investors on record: 2

## About

Hotels.ng is a hotel booking platform that connects travelers with over 13,000 accommodations across Nigeria, offering easy searches, comparisons, and reservations through its web and mobile applications.Founded in 2012 in Lagos, Nigeria, Hotels.ng operates as a hotel booking platform designed to facilitate accommodation bookings for travelers. The company has been involved in 2 deals, with its most recent funding round being a Series A round on May 25, 2015, where it raised USD 1.2 mn from EchoVC Partners and Omidyar Network. Mark Essien serves as both the Founder and CEO, with a history of entrepreneurial endeavors prior to establishing this company.Hotels.ng primarily operates as a hotel booking platform, providing a comprehensive solution for travelers seeking accommodations across Nigeria. The platform offers a user-friendly interface for customers to search, compare, and reserve rooms in over 13,000 hotels, catering to diverse preferences and budgets. The key functionalities include instant booking capabilities through both Android and iOS mobile applications, which enhance user convenience and accessibility. The service targets a wide range of users, including leisure travelers, business professionals, and tourists, helping them efficiently find and book suitable accommodation in various Nigerian cities such as Lagos, Abuja, and Port Harcourt. The company focuses its offerings on the Nigerian market while also attracting international visitors looking to explore the country.The revenue model of Hotels.ng revolves around commission-based transactions where hotels listed on the platform pay a fee for each booking made through the site. This structure involves direct-to-consumer sales, with the company acting as an intermediary between travelers and hotels. Upon booking, the customer pays for their stay, and a portion of the payment is retained by Hotels.ng as commission. While specific pricing plans or commission rates are not disclosed, the company’s revenue is generated from the volume of transactions facilitated through its platform. The flagship service includes the booking of hotel rooms, which is central to the company's operations and revenue generation strategy.In May 2015, Hotels.ng raised USD 1.2 mn in Series A financing to enhance its operations and support future growth initiatives. The company is focused on leveraging this funding to expand its product offerings, potentially introducing new features and services to improve the customer experience. There are plans for geographic expansion into additional West African markets to capture a wider audience by 2024.

## Funding rounds

- Series A, May 25, 2015, $1.2M — EchoVC Partners, Omidyar Network

## Investors

- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Series A
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A