Mews Fuels Growth Across the Hospitality Sector as it Provides Hoteliers with Access to Funding

MEWS
5.9.2024
Share

Mews Fuels Growth Across the Hospitality Sector as it Provides Hoteliers with Access to Funding

MEWS
5.9.2024
Share

Mews, the industry-leading hospitality cloud, has launched the funding program Flexible Financing, which provides hospitality businesses with access to capital, as the number of hoteliers branching out to offer additional amenities for guests has more than doubled in the last year.

Flexible Financing is delivered in collaboration with leading financing provider YouLend, enabling eligible customers to receive funding of up to €1,000,000 that can be used for any purpose, helping them to expand their businesses, fuel their growth, and weather seasonality. YouLend has provided over 150,000 funding options to small and medium-sized businesses.

“We know that many of our customers are looking for reliable and quick access to funding to grow or improve their business. This can be anything from opening new properties to redesigning their space to create additional revenue streams,” says Matt Welle, CEO of Mews. “We’re thrilled to be able to present financing to our customers to support them to grow and believe this will have a huge impact on the hospitality sector, providing more remarkable experiences for guests.”

YouLend commented, “By offering YouLend's financing solution in the Mews network, we're able to bring access to capital for thousands of hospitality businesses across Europe and the United States. Mews and YouLend share the same goal of offering best-in-class technology solutions, and through our partnership, we're empowering hotel partners to supercharge their growth through fast and flexible funding.” - Luuk Visschedijk, Global Head of Strategic Partnerships.

According to data from the latest Mews Hotelier Survey[1], 30% of hoteliers are hindered from increasing non-room revenue by a lack of spare funds. Flexible Financing allows hoteliers to make the most of their real estate and provide extra amenities and experiences to their guests. The financing is currently available in the United States, The Netherlands, Belgium, Spain, Germany, UK & Ireland, and Poland. Eligible Mews customers in those markets can apply directly via the Mews Hospitality Cloud and YouLend can provide cash in as little as 48 hours[2].

Flexible Financing offers transparent, capped rates and the absence of late fees to eliminate the hurdles of traditional lending. Coupled with a flexible repayment plan, where financing repayments are based on a fixed percentage of a hotel’s daily Mews Payments sales until the funding is fully repaid, Mews customers have the peace of mind that repayments align to their cashflow, benefitting them during quieter seasons.

Patrick Fidder, Owner of Hotel Fidder, a Mews customer in the Netherlands, commented, “The application process was fast and simple, and in just a few days, we received the financing we needed to fuel the growth of our business. All in all, faster than other options, which meant we had more time to dedicate to our guests.”

To learn more about Flexible Funding from the Mews x YouLend Partnership visit here.

The Founder of Mews, Richard Valtr, and CEO, Matthijs Welle, are former hoteliers with a serious passion for technology and service. Our mission is to transform an entire industry with cloud solutions that make hospitality more rewarding for everyone.

About Company

Discover Return On Experience

Three ecosystems — Hospitality & Leisure, Food & Beverage, and Inventory & Procurement — operate independently and together depending on your needs.

DOWNLOAD

Let's Get Digital

7 Questions to Ask Before You Invest in a Hotel Mobile App

DOWNLOAD