Duetto buys Flyr's hotel pricing unit as airline tech firm retreats from hospitality
What's the deal? Duetto, the hotel revenue management software company owned by private equity firm GrowthCurve CapitalDealroom has a profile for this one. Try Dealroom →, said Thursday it has acquired Flyr HospitalityDealroom has a profile for this one. Try Dealroom →, the hotel pricing and business intelligence unit of airline-technology company Flyr. Neither company disclosed the price.
How we got here: Flyr has long helped airlines set airfares. It entered the hotel room-rate business in September 2022 by buying Pace RevenueDealroom has a profile for this one. Try Dealroom →, a startup with more than 1,000 hotels as clients at the time.
Why now? The sale comes two weeks after Flyr's founder, Alex Mans, resigned as chief executive officer, and Kevin Marcus, a partner at WestCap — a key financial backer of Flyr — became interim CEO. The deal signals Flyr is refocusing on its core airline business.
What's the endgame? For Duetto, the acquisition folds Flyr's hotel pricing and business intelligence tools into a company focused solely on hospitality. Sam Chamberlain, Flyr's chief product officer, said in a statement that the unit would go further "in the hands of a team dedicated entirely to hospitality."
The signal: When Flyr first bought Pace, Skift called the move unexpected and named IDeaSDealroom has a profile for this one. Try Dealroom → and Duetto as the two market leaders. Flyr's exit hands one of those leaders more ground — and underscores how hard it is to straddle two travel verticals at once.
Read more: skift.com
Image credit: Pargon
