Zug, Switzerland — August 8, 2023
In short: Singapore-based Staynex Group acquires European hotel booking technology company Sleap.io, creating a unified global platform.
60-80 word news: Staynex Group, a Singapore-based travel technology company, announced the full acquisition of Sleap.io, a European hotel booking technology startup. The acquisition combines Sleap’s European technology and market position with Staynex’s Asian distribution, community, and token ecosystem, enhancing both product infrastructure and market reach. Sleap.io, founded in Switzerland in 2023, quickly gained recognition with five industry awards and strategic partnerships with Gate and Coinbase.
Industry Context: Sleap.io’s acquisition by Staynex positions the combined entity as a comprehensive solution for hotel bookings, integrating Sleap’s European expertise with Staynex’s Asian market reach. This move strengthens the platform’s global distribution capabilities and community engagement, addressing the growing demand for integrated travel solutions among travel trade professionals.
TMCs managing European and Asian accounts will benefit from the enhanced booking capabilities and broader market presence of the combined platform. The integration of Sleap’s European technology with Staynex’s Asian distribution will streamline operations and expand market reach for travel agencies operating in both regions. This development is particularly significant for agencies looking to offer a seamless booking experience across multiple continents.
What is Staynex Group?
Staynex Group is a Singapore-based travel technology company that provides a unified platform for hotel bookings, leveraging a global distribution network and community-driven ecosystem.
Which travel trade segments does this affect?
This acquisition primarily impacts travel management companies (TMCs), hotel chains, and travel agencies operating in both European and Asian markets, as it enhances their booking infrastructure and market reach.
When does this take effect?
The acquisition is effective immediately.
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