OpenKey

About OpenKey

OpenKey is a technology company specializing in digital key solutions for the hospitality industry. The company provides mobile access solutions that allow hotel guests to unlock their rooms using their smartphones, thereby enhancing convenience and reducing operational costs for hotels. OpenKey serves a wide range of clients in the hospitality sector, including independent hotels and large hotel chains. The company operates in the global hospitality market and integrates its solutions with existing Property Management Systems (PMS) to streamline guest services and improve customer engagement. OpenKey's business model revolves around offering its digital key technology through various service levels, including an SDK for app integration, a BLE module for upgrading existing locks, and a management platform called OpenKey HOST. The company generates revenue through subscription fees and service charges for its digital key solutions. Financial backing from major publicly traded Real Estate Investment Trusts (REITs) in the hotel industry further strengthens its market position.