There’s a trillion-dollar problem that few are paying attention to.
It involves the fast-growing hospitality industry, where businesses like hotels and Airbnb are struggling with fragmented solutions. Too many of them don’t work with one another.
Jurny aims to solve this problem with its end-to-end property-management system powered by Artificial Intelligence.
Venture-capital firms including Mucker Capital, Okapi VC, Vitalize VC, and Singularity Capital have invested in this company. Now you can join them.
As mentioned, hotel owners and Airbnb hosts thrive on travelers. Worldwide, there are more than twenty-five million guest rooms available.
But the technology used to support this industry is far from perfect. In fact, hotels and platforms like Airbnb will spend $355 billion this year on outdated operational costs. Factor in issues like siloed solutions, and you can begin to see the value Jurny can offer.
This company provides users with a property-management system that automates operations for hosts, hotels, and property managers. Users can integrate and manage software for bookings, cleanings, reviews, customer service, and pricing — all on one dashboard and enhanced using the company’s AI element.
Additionally, hosts can control “smart” devices using this technology, enabling them to do things like set rental units at a comfortable temperature or ensure rooms are secure for guests.
The key to Jurny’s technology is its AI element called “Nia.” As the company says, Nia is “not just an AI — it’s a revolutionary system designed to address and overcome the complexities and inefficiencies that plague the hospitality sector.”
At its core, Nia is a vertically-integrated platform that combines several tools and services under a single dashboard. This enables unprecedented control and automation of processes that have traditionally been fragmented. But what truly sets this technology apart is its ability to learn and adapt, offering each user the chance to customize the AI’s responses and interactions to align with individual guest needs.
Jurny has been featured in The Wall Street Journal, Fortune, and Bloomberg. And it’s achieved about two million dollars in annual recurring revenue since launching in late 2021. Using Jurny, property managers save an average of $2,200 per year and decrease labor costs by more than $7,000 per year, per property.
To generate revenue, Jurny offers a freemium business model. The basic option is free and offers limited features. There’s also a Plus plan (about thirty dollars per month per unit) and a Pro plan (about seventy dollars per month per unit). Custom plans for enterprise clients are also available.
With funds raised, Jurny will continue developing its product and increase its marketing budget.