Wednesday, July 9, 2025
Distribution: (800) 510 0384
Washington DC
New York
Toronto
Press ID  
  • Login
The Hudson Weekly
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity
No Result
View All Result
The Hudson Weekly
No Result
View All Result

Qstay Hospitality Technologies Raises a $6.5 Million SEED Round

Nicole Choquette by Nicole Choquette
July 24, 2022
in Technology
A A
Qstay Hospitality Technologies Raises a $6.5 Million SEED Round
Share on FacebookShare on Twitter

Qstay Hospitality Technologies, a Dubai DIFC based next-generation hospitality company that is redefining the guest experience through technology and design, announced that they have recently closed on a SEED round of $6.5 million. Funding was a mix of debt and equity.

Qstay was officially launched in 2020 and was co-founded by a long-time UAE resident Artur Khayrullin, CO-CEO; Ukrainian born Ekaterina Rogozhina, CCO; Ukrainian American Alec Fesenko, CO-CEO and his wife Natalya Fesenko, the initial investor. Since its founding, Qstay has executed against its mission to transform the hospitality industry through modern, technology-powered service and inspiring, thoughtfully designed accommodations, combined into one seamlessly managed experience. Qstay currently operates close to 200 properties in the UAE and Europe, 200 more are signed and expects to have 450 revenue generating units by the end of 2022.

HudsonNewsroom

Scaling Web Research for Tech Startups With Serp Scraper API and Smart Proxy Setup

A Look at the Technology Behind Efficient HVAC Systems

The Role of AI in Modernizing Field Service Operations

Qstay operates as a virtual hotel brand which provides luxury hotel-like services and amenities such as bathrobes, slippers, luxury toiletries, bathroom amenities, tea, Starbucks coffee, additionally Qstay provides digital app-based access to nearby pools, beaches, gyms and spas for its guests staying in beachfront properties.

Qstay holds coveted Superhost status and higher ratings on Airbnb than its competitors and that translates into exceptional occupancy rate which is now consistently above 80% and an outstanding REVPAR of $195, which is well above the competition. Qstay has had positive EBITDA for the last two quarters and projects to be Net Income positive in Q4 2022, only in the second year of operation.

Company’s revenue has been growing at rate of over 100% quarter over quarter and Qstay expects its portfolio to grow to over 600 units and to achieve revenue of $50 million in 2023.

Qstay founder and CO-CEO Artur Khayrullin says the capital will be used to “accelerate the amazing growth we’ve seen so far,” and the concept plans to expand to at least five cities across Europe and the Middle East the next 12 months.

“Driven by QSTAY’s differentiated digital service model, the Company can reduce operating costs by as much as 50% compared to traditional hotels. Through innovative technology, additional digital services such as mobile-based access to the facilities of top beach resorts and thoughtfully designed accommodations, QSTAY is revolutionizing the hospitality industry,” says Artur Khayrullin. “With one of a kind modernized service, our guests experience an uncompromising quality with inspiring design at a price point that democratizes access to an extraordinary hospitality experience.”

The company leases large groups of units in the top locations, upgrades and furnishes them to the consistent luxury standard and supports them with the extensive luxury hotel-like services and amenities, providing guests with exceptionally designed accommodations at affordable prices on a nightly, weekly or monthly basis.

The company also offers text-enabled around-the-clock concierge service, and confirms that while it doesn’t own any of its units, all of them “are directly leased and managed by Qstay.”

“Our raise underscores the strength of the business and the rapid shift taking place within the hospitality industry due to technological innovations. Our vision for travel is making beautiful, well-designed spaces accessible to everyone with technology, while providing exceptional mobile app-based add-on services,” said Alec Fesenko, co-founder and CO-CEO. “We are far more efficient than traditional hotels while also providing a unique space and add-on services that are flexible enough to meet everyone’s needs. Whether you’re traveling on your own, for business, with your family or with friends, you will always have a space that can accommodate you.”

Currently Qstay is developing a differentiated, tech-driven platform that will provide seamless booking, digital concierge and a unified, on-demand platform for maintenance and service.

This raise will provide Qstay with additional capital to accelerate and supercharge Qstay’s vision.

Qstay plans to further capitalize on opportunities within the growing $800+ billion global lodging market and strengthen its position as a differentiated, rapidly growing innovator in the hospitality industry. Over the next few years, Qstay plans to continue investing in technology and expanding its footprint and product offering to drive an unparalleled guest experience, while also delivering even greater value to its investors, real estate partners and guests.

Nicole Choquette

Nicole Choquette

Assistant Managing Editor

More from HW Newsdesk

Scaling Web Research for Tech Startups With Serp Scraper API and Smart Proxy Setup
Technology

Scaling Web Research for Tech Startups With Serp Scraper API and Smart Proxy Setup

July 9, 2025
A Look at the Technology Behind Efficient HVAC Systems
Technology

A Look at the Technology Behind Efficient HVAC Systems

July 9, 2025
The Role of AI in Modernizing Field Service Operations
Technology

The Role of AI in Modernizing Field Service Operations

July 9, 2025

HW Newsroom

The Role of AI in Modernizing Field Service Operations
Technology

The Role of AI in Modernizing Field Service Operations

by Hayley Chowdhry
July 9, 2025

Thanks to advancements in technology, field service operations have seen an incredible transformation over the past decade. These changes have...

Why Healthy Living Often Starts With a Clean Space

Why Healthy Living Often Starts With a Clean Space

July 9, 2025
Approaches to Gaining Clarity Around Financial Opportunities

Approaches to Gaining Clarity Around Financial Opportunities

July 9, 2025
Preventative Botox®: The Strategy for Keeping Skin Smooth Before Wrinkles Set In

Profhilo: The Injectable Skin Booster That Starts Working From the First Treatment

July 9, 2025
From the Doorstep to the Boardroom: How Troy Osborne is Redefining Sales Leadership at NXT LEVEL HOMES

From the Doorstep to the Boardroom: How Troy Osborne is Redefining Sales Leadership at NXT LEVEL HOMES

July 8, 2025
Ways to Maximize Your Temecula Injury Settlement: Tips and Strategies

Ways to Maximize Your Temecula Injury Settlement: Tips and Strategies

July 8, 2025
How to Sell Your RV Fast Even If It’s Fire Damaged

How to Sell Your RV Fast Even If It’s Fire Damaged

July 8, 2025
Where Luxury Takes Off: Inside FBO Services in the Private Jet Industry

Where Luxury Takes Off: Inside FBO Services in the Private Jet Industry

July 8, 2025
The Benefits of Pursuing a Higher Education in Art

The Benefits of Pursuing a Higher Education in Art

July 8, 2025
Why Custom-Sized Beveled Glass Is a Great Choice

Why Custom-Sized Beveled Glass Is a Great Choice

July 8, 2025
Roles of Business Advisory Firms in Dubai

Fintech App Development Costs in 2025: From MVP to Full-Scale Launch

July 8, 2025
How to Clean Your Crawl Space: Essential Tips for Homeowners

How to Clean Your Crawl Space: Essential Tips for Homeowners

July 8, 2025
No Result
View All Result

Headlines

What It Takes to Organize a Memorable and Personalized Gender Reveal

Your Guide to Becoming a Successful Nurse

A Look at the Technology Behind Efficient HVAC Systems

The Role of AI in Modernizing Field Service Operations

Why Healthy Living Often Starts With a Clean Space

Approaches to Gaining Clarity Around Financial Opportunities

Trending

Is BPD On The Psychotic Spectrum?
Health

Is BPD on the Psychotic Spectrum?

by Eva Semel
July 9, 2025

The study of mental illness often leads many to misperceive any disorder as a psychotic spectrum disorder`s....

Scaling Web Research for Tech Startups With Serp Scraper API and Smart Proxy Setup

Scaling Web Research for Tech Startups With Serp Scraper API and Smart Proxy Setup

July 9, 2025
What It Takes to Organize a Memorable and Personalized Gender Reveal

What It Takes to Organize a Memorable and Personalized Gender Reveal

July 9, 2025
Your Guide to Becoming a Successful Nurse

Your Guide to Becoming a Successful Nurse

July 9, 2025
A Look at the Technology Behind Efficient HVAC Systems

A Look at the Technology Behind Efficient HVAC Systems

July 9, 2025
  • Kia America представляет цены и захватывающие обновления для Sorento 2025 (ICE)

https://madisongraph.com/kia-america-unveils-pricing-and-exciting-updates-for-2025-sorento-ice/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Kia Recognized as One of TIME Magazine’s “World’s Most Sustainable Companies of 2024”

https://madisongraph.com/kia-recognized-as-one-of-time-magazines-worlds-most-sustainable-companies-of-2024/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • VinFast Auto Establishes Dealer Advisory Board to Enhance Customer Experience

https://madisongraph.com/vinfast-auto-establishes-dealer-advisory-board-to-enhance-customer-experience/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Medicare Announces Expansion of Coverage for Microprocessor-Controlled Knees for Lower Mobility Users

https://lincolncitizen.com/medicare-announces-expansion-of-coverage-for-microprocessor-controlled-knees-for-lower-mobility-users/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • GA-ASI Successfully Tests PT6 Engine on MQ-9B SkyGuardian Aircraft

https://lincolncitizen.com/ga-asi-successfully-tests-pt6-engine-on-mq-9b-skyguardian-aircraft/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • U.S. Leading Economic Index Declines by 0.2% in June 2024, Coincident Index Rises by 0.3%

https://fairmontpost.com/u-s-leading-economic-index-declines-by-0-2-in-june-2024-coincident-index-rises-by-0-3/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • USTDA Director Travels to Bulgaria and Romania to Promote Clean, Secure Energy

https://belmontstar.com/ustda-director-travels-to-bulgaria-and-romania-to-promote-clean-secure-energy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost
  • Police Recommend a Hidden Camera Detector Device to Protect Privacy

https://marketsherald.com/police-recommend-a-hidden-camera-detector-device-to-protect-privacy/

#nyc #losangeles #chicago #houston #phoenix #philadelphia #sandiego #dallas #sanfrancisco #seattle #denver #washingtondc #boston #detroit #vancouver #toronto #publicrelations #marketingagency #earnedmedia #editorial #marketing #guestpost #guestposting #sponsored #sponsoredpost

© 2025 The Hudson Weekly. Published by The Ritz Herald. Editions: Markets Herald • Lincoln Citizen • Madison Graph • Belmont Star • Fairmont Post

Address: 1177 6th Avenue, 5th Floor, New York, NY 10036. Removals: pr@hudsonweekly.com. Phone: (718) 313-5252. M-F: 9AM-5PM. Privacy Policy

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Financial
  • Blockchain
  • Technology
  • Entertainment
  • Lifestyle
  • Arts
  • Health
  • Sports
  • Cybersecurity

© 2025. The Hudson Weekly