Buko Ventures has invested in Cocotel, a technology-driven hotel management platform in the Philippines, capitalizing on the country's growing tourism potential.
Information on the Target
Buko Ventures has announced an investment in Cocotel, an innovative network of independent hotels and resorts. Cocotel empowers hotel owners by providing a comprehensive booking and hotel management technology platform that enhances their businesses. This platform enables local hotel owners to join the Cocotel brand and access various services that help them attract more customers and optimize their operations.
Cocotel operates as a technology-powered “soft brand,” allowing hotel owners the flexibility to maintain their unique identities while benefiting from the consistent quality and branding associated with Cocotel. The company boasts over 50 partner properties across 33 locations in the Philippines, rapidly establishing itself as a significant player in the country's hospitality sector.
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Industry Overview in the Philippines
The tourism industry in the Philippines has experienced remarkable growth over the past decade, fueled by a surge in travel from neighboring Asian countries, particularly China and Korea, alongside a rise in domestic tourism. Annu
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Buko Ventures
invested in
Cocotel
in 2023
in a Seed Stage deal