Amsterdam – Mews, the industry-leading hospitality cloud, has launched the funding program Flexible Financing, which gives hospitality companies with entry to capital, because the variety of hoteliers branching out to supply further facilities for friends has greater than doubled within the final 12 months.
Flexible Financing is delivered in collaboration with main financing supplier YouLend, enabling eligible clients to obtain funding of as much as €1,000,000 that can be utilized for any objective, serving to them to broaden their companies, gasoline their progress, and climate seasonality. YouLend has offered over 150,000 funding choices to small and medium-sized companies.
We know that lots of our clients are in search of dependable and fast entry to funding to develop or enhance their enterprise. This may be something from opening new properties to redesigning their area to create further income streams,
says Matt Welle, CEO of Mews. We’re thrilled to have the ability to current financing to our clients to assist them to develop and imagine it will have a big impact on the hospitality sector, offering extra exceptional experiences for friends.
YouLend commented, By providing YouLend’s financing answer within the Mews community, we’re in a position to convey entry to capital for 1000’s of hospitality companies throughout Europe and the United States. Mews and YouLend share the identical purpose of providing best-in-class know-how options, and thru our partnership, we’re empowering lodge companions to supercharge their progress via quick and versatile funding.”
- Luuk Visschedijk, Global Head of Strategic Partnerships
According to information from the newest Mews Hotelier Survey1, 30% of hoteliers are hindered from rising non-room income by an absence of spare funds. Flexible Financing permits hoteliers to benefit from their actual property and supply additional facilities and experiences to their friends. The financing is at present accessible within the United States, The Netherlands, Belgium, Spain, Germany, UK & Ireland, and Poland. Eligible Mews clients in these markets can apply instantly through the Mews Hospitality Cloud and YouLend can present money in as little as 48 hours2.
Flexible Financing affords clear, capped charges and the absence of late charges to get rid of the hurdles of conventional lending. Coupled with a versatile reimbursement plan, the place financing repayments are based mostly on a hard and fast proportion of a lodge’s each day Mews Payments gross sales till the funding is absolutely repaid, Mews clients have the peace of thoughts that repayments align to their cashflow, benefitting them throughout quieter seasons.
Patrick Fidder, Owner of Hotel Fidder, a Mews buyer within the Netherlands, commented, The utility course of was quick and easy, and in only a few days, we acquired the financing we wanted to gasoline the expansion of our enterprise. All in all, quicker than different choices, which meant we had extra time to dedicate to our friends.
To study extra about Flexible Funding from the Mews x YouLend Partnership go to right here
1 A survey of a whole bunch of lodge employees (March-April 2024)
2 YouLend’s normal service ranges are estimated, numbers and timeframes are based mostly on the vast majority of functions. Timeframes and approval should not assured, all functions will have to be reviewed case by case and based mostly on eligibility standards for funding with YouLend.
About Mews
Mews is the main platform for the brand new period of hospitality. Powering over 5,000 clients throughout greater than 85 international locations, Mews Hospitality Cloud is designed to streamline operations for contemporary hoteliers, remodel the visitor expertise and create extra worthwhile companies. Customers embrace Generator-Freehand, The Strawberry Group, The Social Hub, and Airelles. Mews was named Best PMS (2024) and listed among the many Best Place to Work in Hotel Tech (2021, 2022, 2024) by Hotel Tech Report, in addition to World’s Best Hotel PMS Provider (2023) and World’s Best Independent Hotel PMS Provider (2022, 2023) by World Travel Tech Awards. The firm has workplaces in Europe, the United States and Australia.
George Barker
Director of Communications