Xbed Xi Hotel, a subsidiary brand of online hotel platform Xbed, announced that it has secured tens of millions of yuan from existing investor QF Capital. The proceeds will be used for Xbed Xi Hotel’s expansion and the upgrading of the XMS system.
Last November, Xbed Xi Hotel secured a strategic investment of RMB 100 million (USD 15.2 million), for which Shenzhen Grand Capital was the lead investor.
Xbed Xi Hotel has developed XMS, an autonomous operational system compatible with hotels of different sizes, according to the company. The system can be used for reservation, human resources sharing, omnichannel traffic, inventory management, accounting and marketing. Launched in June 2020, Xbed Xi Hotel claimed that it now has nearly 600 properties in operation and in the pipeline. XMS data shows that 48.4% of the brand’s consumers are the Z generation and 68.2% are young guests aged under 30.