H2O Hospitality, a digital transformation company for the hospitality industry, working with Bespin Global, a cloud delivery platform company, announced that they have signed the MOU for the integration and joint operation of digital operation solutions for residential and accommodation facilities within the THT-Bespin Smart City Hub (the “Smart City Hub”).
Mr. Kim Tae-ho, Country Director of Bespin Global Vietnam (left) and H2O Hospitality's CEO Mr. John Lee (right) pose for a photo at the signing ceremony
Smart City Hub is a platform jointly developed by Bespin Global Vietnam and Daewoo E&C's Vietnamese subsidiary 'THT Development' for the operation management of smart cities in Vietnam.
H2O Hospitality is based on technology and consignment management expertise that has successfully carried out digital transformation of accommodation facilities in Korea, Japan and Southeast Asia. With the experience, H2O Hospitality can establish DT (Digital Transformation) service in Vietnam's smart city, cloud foundation of Smart City Hub support, and focus on providing residential and accommodation consignment operation solutions in Smart City Hub.
Based on this agreement, two companies plan to strengthen cooperation in the construction and operation of digital transformation services for residential and accommodation facilities in smart cities that are being promoted by Southeast Asian countries, starting with Vietnam.
Mr. Kim Tae-ho, Country Director of Bespin Global Vietnam, said, "We have efficiently created a smart city with various types of residential facilities such as hotels, residences, apartments, villas, and complex resident amenities such as shopping malls, parking lots, gyms, swimming pools, community centers, and so on. In terms of integrated operations, we expect to see a great synergy between H2O Hospitality’s big data-driven DT expertise and Bespin Global’s smart city platform development and operation capabilities."
Mr. John Lee, CEO of H2O Hospitality, mentioned, "I am delighted to have been recognized for our company expertise in successfully conducting DT in hotels and resorts in Korea, Japan, and Southeast Asia, and to participate in a project that can become the standard for smart cities in Vietnam in the future."
H2O Hospitality currently provides and operates integrated DT services for accommodations in 30 major Asian cities including Korea, Japan, Thailand, and Vietnam, and was recently the first in Asia to be ranked #1 in the Global Hotel Management System (PMS) ‘Oracle’. By integrating its DT system with Hospitality, the company has secured a global hotel network of more than 300 hotels.
H2O’s cumulative investment to date is 48 billion won (USD 35 millions) and starting with SparkLabs in 2015, it has attracted investment from leading investment firms such as Kakao Investment, KDB Bank, Gorilla PE, Intervest, NICE Investment Partners, and Kejora-Intervest Growth Fund.
Founded in 2015, H2O Hospitality (CEO: John Lee) is a technology company that leads the digitalization of accommodation and leisure facilities and is making changes and innovations in hotel operations. The ICT-based integrated operation system, which can manage hotel operation tasks on one platform, reduces facility operation fixed costs by up to 50% and improves work efficiency by up to 50%. In addition, H2O’s non-face-to-face check-in/check-out and in-room services provide a seamless service that can control all facility experiences with a smartphone.
The cumulative investment of H2O is worth 48 billion won and attracted investment from leading investors such as Kakao Investment, KDB Bank, Samsung Venture Investment, Gorilla PE, Intervest, NICE Investment Partners, and Kejora-Intervest Growth Fund. In addition, based on technology, it has entered 30 major Asian cities, including Japan, Thailand, and Vietnam, as well as Korea, and operates accommodation/leisure tech services.
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