Standard hotel group moonlights as tech incubator; raises $5m for new app

The Standard hotel group’s new last-minute hotel app raises $5m.

The Standard’s hotels have always been known for trendy rooms, trendy marketing, trendy late-night hotspots — basically anything with the word “trend” in it.

Now, it can also add “trendy tech incubator” to its resume.

Fast Company reports that the group’s new venture One Night — an app that assigns last-minute bookings at independant hotels for travelers who always seem to opt for the “day of” option on the travel itinerary — raised $5m in Series A funding.

This ain’t no pay-per-minute nap pod

Launched in late 2016, the mobile app features a list of over 200 independent hotels that are open for spur-of-the-moment stays.

According to Amar Lalvani, Standard International’s CEO and lead app developer, One Night is designed for “next-generation travelers” who don’t like long-term planning but still want a cool experience (don’t we all). 

Since it launched, One Night has scaled to 17 markets, including London and Bangkok.

A little thing called diversification

As the home sharing sector continues to poach the very “next-gen travelers” Lalvani described, the old guard of swanky hotel living is constantly trying to figure out what it can offer — and the Standard hotel group is leading the charge.

Aside from One Night, the group also launched The Lobby, a social network for in-house guests, and various big-name partnerships with Warby Parker, and, most recently, Lord Jones, as it hopes to launch the first cannabis dispensary in a hotel.

Get the 5-minute roundup you’ll actually read in your inbox​

Business and tech news in 5 minutes or less​

RECENT POSTS

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?