Qstay Hospitality Technologies
DUBAI, ARAB EMIRATES / ACCESSWIRE / April 12, 2023 / Dubai DIFC-based Qstay Hospitality Technologies, a next-generation hospitality company that is transforming the guest experience through technology and design, announced today that it is launching its first 30 properties in the emirate of Ras al Khaimah this month. In addition, the company plans to scale its model to London starting this summer, with plans to launch properties by autumn. Qstay is also planning to expand to Riyadh and the Emirates of Fujairah and Abu Dhabi later this year.
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.Since its founding, Qstay has been on a mission to redefine the hospitality industry through modern, technology-powered service and inspiring, thoughtfully designed accommodations, combined into one seamlessly managed experience. The company operates over 250 properties, with 200 more signed and expects to have 450 revenue-generating units by the end of 2023. Qstay had raised $6.5 million in seed funding and is currently closing $8.5 million pre-Series A round.
Qstay plans to capitalize on opportunities within the growing $800+ billion global lodging market and strengthen its position as a differentiated, rapidly growing innovator in the hospitality industry. The company's business model focuses on providing luxury hotel-like services and amenities, such as bathrobes, slippers, luxury toiletries, bathroom amenities, tea, Starbucks coffee, and digital app-based access to external facilities such as nearby pools, private beaches, gyms, and spas.
Qstay is developing a differentiated, AI-powered tech-driven platform that will provide digital concierge and customer support, seamless booking, digital check-in, keyless entry, app-based access to hotels and resorts' facilities with private beaches and pools, business centers, spas, and gyms. The company's platform also includes a unified system for maintenance and service, which employs smart HVAC equipment and sensors.
"Our expansion to Ras al Khaimah, London, and Riyadh marks an important milestone for Qstay and reflects our commitment to transforming the hospitality industry through technology and design," said Artur Khayrullin, co-founder of Qstay. "We are excited to bring our unique approach to hospitality to new markets and to provide guests with an exceptional experience that combines luxury amenities and innovative technology," added Alec Fesenko, co-founder.
Qstay's competitors include companies like Blueground and Sonder. However, Qstay's differentiated approach has allowed the company to achieve higher ratings on Airbnb and Booking.com than its competitors, resulting in an exceptional occupancy rate of over 80% and an outstanding Revenue per Available Room (RevPAR) of $191, which is well above that of its competitors. The company's revenue is growing at a rate of over 100% YoY, and it had a positive net income in Q4 2022 and Q1 2023.
As Qstay expands its operations to new markets, the company remains committed to delivering an exceptional guest experience through its technology-powered service and inspiring, thoughtfully designed accommodations.
Contact Information
Artur Khayrullin
CEO
artur@qstay.ae
+971521296590
SOURCE: Qstay Hospitality Technologies
To view this piece of content from stats.newswire.com, please give your consent at the top of this page.View source version on accesswire.com:
https://www.accesswire.com/748830/Dubai-Hospitality-Platform-Qstay-Expands-to-Ras-Al-Khaimah-London-and-Riyadh
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Latest GA Autonomous Jet Demo Features Live Air-to-Air Engagement Capability17.7.2025 18:10:00 CEST | Press release
Autonomous Tasking With TacACE and Optix.C2 Showcase Maturity and Operational Readiness SAN DIEGO, CALIFORNIA / ACCESS Newswire / July 17, 2025 / General Atomics Aeronautical Systems, Inc. (GA-ASI) and General Atomics Integrated Intelligence, Inc. (GA-Intelligence) successfully completed a groundbreaking demonstration on July 8, integrating technologies across multiple affiliates to showcase long-range kill chain effects, including an autonomous air-to-air engagement. The flight integrated local and global sensor fusion to deliver real-time situational awareness and autonomous tasking to an airborne MQ-20 Avenger® through the Tactical Autonomy Core Ecosystem (TacACE) to close the kill chain and showcase the system's maturity and operational readiness for the warfighter. The event featured the integration of a Collaborative Combat Aircraft (CCA), a fully compliant government-owned autonomy implementation, and beyond-line-of-sight (BLOS) Command and Control (C2). The MQ-20 unmanned jet,
Belgian Aircrew Completes MQ-9B Training17.7.2025 18:05:00 CEST | Press release
GA-ASI's MQ-9B SkyGuardian® Training Was Conducted at Multiple Sites, Including Flight Test & Training Center and Desert Horizon SAN DIEGO, CALIFORNIA / ACCESS Newswire / July 17, 2025 / The first Belgian aircrew has completed training to operate the world's leading remotely piloted aircraft (RPA): the MQ-9B SkyGuardian®. General Atomics Aeronautical Systems, Inc. (GA-ASI), designer and developer of the MQ-9B, provided the extensive aircrew training that culminated at GA-ASI's Desert Horizon test facility in El Mirage, California, following stops in Belgium and GA-ASI's Flight Test & Training Center in North Dakota. "Providing all-encompassing training for the aircrews of our customers goes hand in hand with delivering the world's most capable RPA," said GA-ASI President David R. Alexander. "Completing this training ensures that Belgium is ready and able to operate their MQ-9Bs and maximize the benefits that come from long-range, high-endurance RPA." The scope of the training is focuse
A New Transatlantic Partnership for European CCA17.7.2025 18:00:00 CEST | Press release
General Atomics announces plans for rapid international uncrewed fighter development FAIRFORD, UK / ACCESS Newswire / July 17, 2025 / General Atomics is taking a bold step toward rapidly delivering a European Collaborative Combat Aircraft (CCA) - based on a mature U.S. platform, assembled in Europe, with European mission systems - by aligning its independent U.S. and German aerospace affiliates under a teamed operation.YFQ-42A The new aircraft is derived from the U.S. Air Force's YFQ-42A prototype, currently in ground testing and scheduled for first flight later this summer, designed and built by General Atomics Aeronautical Systems, Inc. (GA-ASI) in San Diego, Calif. European mission system customization and manufacturing in Europe will be supported by General Atomics' German aerospace affiliate, General Atomics Aerotec Systems GmbH (GA-ATS), headquartered in Oberpfaffenhofen, near Munich. Leveraging the prior investments of these established aerospace companies on both sides of the A
The Digital Banker17.7.2025 15:30:00 CEST | Press release
In this July 2025 article for the Fast Company Executive Board, Avtar Sehmbi of the Forbes Technology Council explains why Chief Technology Officers (CTOs) are increasingly positioned to lead the future of banking. LONDON, GB / ACCESS Newswire / July 17, 2025 / Artificial intelligence (AI) and other emerging technologies are reshaping banking by automating tasks, enhancing data analysis, and enabling personalized services. These tools improve risk management, streamline operations, and boost profitability. Institutions like JPMorgan Chase and Bank of America are already leveraging AI for fraud detection, customer service, and advanced analytics. Meanwhile, AI-powered hedge funds and neobanks use technology to deliver tailored experiences and outperform their peers.Avtar Sehmbi The Digital Banker Fast Company Avtar Sehmbi the Digital banker This shift isn't theoretical; it's already well underway. Digital systems are fully embedded into the everyday operations of financial institutions,
Global Sports Brand U.S. Polo Assn. Launches First Retail Store in Berlin, Germany16.7.2025 16:37:00 CEST | Press release
Brand Targets Aggressive Retail, Wholesale and Ecommerce Expansion WEST PALM BEACH, FL AND BERLIN, GERMANY / ACCESS Newswire / July 16, 2025 / U.S. Polo Assn., the official brand of the United States Polo Association (USPA), is proud to announce its first retail store in Germany alongside its brand partners Incom S.p.a. and Modevertrieb Sarnacchiaro GmbH (MVS). The location of the first U.S. Polo Assn. store in the heart of Berlin is at the premier Alexa Mall at Alexanderplatz and marks the beginning of a strategic retail rollout across the country, which solidifies the multi-billion-dollar brand's global presence in Germany. The new Berlin store is offering a curated selection of men's, women's, undergarments, and beachwear collections - a perfect mix of sports heritage and contemporary spirit.U.S. Polo Assn. Executives J. Michael Prince, Antonio Sarnacchiaro, and Lorenzo Nencini with U.S. Polo Assn. Models U.S. Polo Assn. is a symbol of style that blends sports inspiration and authen
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom