Hotel cancellations and attrition don’t just impact the hospitality industry—they ripple through airlines, rideshare services, restaurants, and local economies, contributing to an estimated $200 billion in economic losses each year. Former hotel executive Teresa Guastella founded RoomRite to help solve that problem by transforming unused inventory into opportunity.
RoomRite is a B2B platform that connects hotels and hospitality professionals to either buy or sell hotel room inventory. By creating a smarter, more flexible way to manage supply and demand, RoomRite helps reduce cancellations, minimize revenue loss, offers a dashboard with important data, helps hotels with more ancillary opportunities, new business leads, and keeping more rooms filled.
“There are a lot of start-up communities — but travel is different,” said Teresa Guastella, Founder and CEO of RoomRite. “Through Travel Tech’s Advocate Member Program, it’s refreshing to be in the room and sit at the table with people who truly understand the industry and where it’s headed. That’s where the creative conversations happen.”
