HOKEN
A primary and secondary marketplace and exchange whereby hotels, travelers and traders can purchase hotel bookings with the ability of selling, speculating or redeeming hotel stays.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | $9.0m | Early VC | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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HOKEN, established in 2022 by co-founders Tarek M. Daouk and Ovi Pal, functions as a hotel exchange and marketplace with its headquarters in New York, NY. The company has secured $9 million in funding to support its platform.
The business model is centered around a primary and secondary marketplace that facilitates the buying and selling of hotel room reservations, particularly for high-demand events such as concerts and festivals. This model serves travelers looking for accommodation, individuals who speculate on room availability, and hotels seeking to manage their inventory. The platform allows users who have booked rooms to sell their reservations to others if their plans change, creating a dynamic market for hotel stays.
The core service is an online platform where users can book hotel rooms for popular events. A key feature is the ability for users to trade or sell their booked rooms, offering flexibility and a potential return on their original purchase. The company also offers a feature referred to as "Room Drops", providing access to sought-after hotel rooms.
Keywords: hotel marketplace, event accommodation, room booking, secondary ticket market, travel finance, hotel exchange, booking platform, travel tech, hospitality, room resale