Noktos, is a financial ally to help business travelers fix the price of their future accommodations, protecting companies against price volatility and cash flow uncertainty.
Current Status
Launched 2021
Over 1000 Customers
Monthly GMV +200k USD
In our first year we posted positive EBITDA at over 100k USD
Problem or Opportunity
Business travellers pay 6 times more the average, which means a potential overspend of 500bn USD by 2024. Business travelers represent 12% of all travelers, but account for 75% of the travel industry profits. Noktos solves that problem as well as helping hotels monetize their unsued rooms
Solution (product or service)
Noktos technology models the timing, likelihood, availability, and future hotel prices.
In contrast to commission-based travel providers like Expedia, Booking and even American Express Travel, where hotel prices change by the minute, and companies have no certainty on how much they will pay. At Noktos, companies pre-pay a number of what we call “nokto,” our unit of measure, that allows them to fix the price of their future accommodations, protecting companies against price volatility and cash flow uncertainty.
Business model
We arbitrage the price of the noktos sold, to the cost we end up paying to the hotel.
Noktos technology models the timing, likelihood, availability, and future hotel prices, ensuring that the amount paid to hotels does not exceed the amount collected from customers.
