“Revenue from January to June 2022 increased by 656% in the US and 2,873% in the APAC region
AltoVita’s new dedicated offering for start-up companies presents discounted booking fees and dedicated account management
AltoVita, the award-winning company that powers the corporate accommodation sector with enterprise software layered with a human-centric approach, has today announced its 367% year-on-year growth, as part of its successful expansion into the US and APAC markets.
Driven by a demand for business travel, which is predicted to increase by 38% in 2022, AltoVita’s regional growth has resulted in a 2,873% increase in APAC and a 656% uptick in the US. The company boasts housing solutions across all 50 states in the US, and in 32 countries in the APAC region, including in India, China, and Singapore.
AltoVita is specifically built to create a cloud-based bridge between the fragmented property distribution system and Global 2000 companies, SMEs, government agencies, universities, and business travellers, with units in 1,553 locations. With a global conversion rate of 31%, AltoVita’s rate is significantly higher than the travel industry average (0.3%). Its average value per booking is $9,600, with an average length of stay of 48 days.
Through its proprietary technology, AltoVita’s business-to-enterprise solution provides cloud-based automation to streamline the corporate accommodation booking process, rather than relying on manual email and PDF processes. This results in an 82% process cost efficiency, with a recent AltoVita case study of 152 group moves for a Fortune 500 company revealing an additional 26.5% cost efficiency from purchasing power consolidation.
AltoVita’s international success has also been mirrored in the growth of the team, with a 53% increase in headcount in 2022. Roles include technology, product, hospitality partner growth, customer success, marketing, and business development.”