Hospitality tech raises $1B

Hospitality technology startups pulled in more than $1 billion over the last 12 months, with investors putting the biggest checks into hotel operating software and artificial intelligence tools. (abodeworldwide.com) Abode Worldwide’s 2026 index tracked 40 funded companies between April 2025 and March 2026. Seven property management system companies raised a combined $408.1 million, the largest total of any category. (abodeworldwide.com) (hospitalitytech.com) A property management system is the software that runs a hotel’s day-to-day business, from room inventory and check-ins to billing and housekeeping. Abode said investors are backing that layer because teams, revenue, guest data, and other tools all run through it. (hotelnewsresource.com) (abodeworldwide.com) The three biggest rounds landed in a 90-day stretch between December 2025 and February 2026: Mews raised $300 million, Kindred raised $125 million across two rounds, and Limehome raised €75 million. Those deals covered a hotel software company, a home-swapping platform, and a tech-enabled apartment operator. (abodeworldwide.com) (mews.com) (prnewswire.com) (limehome.com) Artificial intelligence platforms were the next big target. Hospitality Technology said companies including Duve and Canary Technologies raised $152.6 million for tools that automate guest messaging, upselling, and other service tasks that hotels once handled manually. (hospitalitytech.com) Tech-enabled operators, which use their own software to run apartment or hotel portfolios with fewer on-site staff, raised $151.9 million. That put them nearly level with the artificial intelligence category and well behind property management systems. (hospitalitytech.com) The funding map was split by geography. The United States had the most funded companies with 17, while Europe produced larger rounds on average, according to the index. (hospitalitytech.com) The pipeline also skewed young. Nearly half of the tracked deals were at pre-seed, seed, or Series A, a sign that investors are still writing early-stage checks even as the biggest dollars clustered around a handful of later-stage companies. (hospitalitytech.com) Canary Technologies said 71% of hospitality professionals in its 2026 study saw artificial intelligence having a significant or transformative effect on the industry, and 85% expected to devote at least 5% of their information technology budgets to artificial intelligence tools this year. The funding totals suggest investors are betting hotel owners will keep spending on the software that runs the property before they spend on anything else. (abodeworldwide.com) (hotelnewsresource.com)