Latest news with #JamesKay
Yahoo
11-04-2025
- Business
- Yahoo
Hotel revenue platform DIAMO secures $4m in seed funding
DIAMO, a revenue platform designed for independent hotels, has raised $4m in seed funding to accelerate its product development and support global expansion. The investment was led by early-stage venture capital company Thayer Ventures and full-stack software investor Inovia Capital, with contributions from Avalon Capital Group and various other angel investors. Thayer Ventures partner Tyler Carrico will join Diamo's board of directors as part of the financing agreement. Diamo CEO James Kay said: "The revenue challenges faced by smaller independents are far more complex than what existing disconnected solutions address. "Revenue performance is what enables unique independent hotels to offer authentic, memorable travel experiences. In a world increasingly dominated by big brands and standardised OTAs [online travel agencies], we aim to empower the independent hoteliers that give hospitality its heart. In response, we've built an intuitive yet powerful platform that allows smaller hotels to succeed by using the same revenue tactics as large and branded hotels, without the need for expensive technology and teams." The platform offers revenue management tools, including automated dynamic pricing, omnichannel digital marketing, and a conversion-optimised website and booking engine. These integrated functions work together to optimise each stage of the guest booking journey. According to a Diamo press release, hoteliers who are often pressed for time can leverage the company's platform to potentially increase their revenues by up to 35%. Diamo's team of revenue managers will offer guidance to help clients navigate the revenue landscape. In the near future, the company will introduce "ANDI", an AI assistant designed to further support hoteliers. The solution will automate the configuration of revenue strategies using real-time data, initiate new advertising campaigns, and provide continuous recommendations on pricing, digital marketing, and distribution. Diamo has a client base spanning the US, Canada, Central America, Europe, Africa, and Asia. The platform is claimed to be particularly beneficial for hotels with fewer than 150 rooms, especially those operated by owners or small teams, offering time savings and performance improvements. "Hotel revenue platform DIAMO secures $4m in seed funding" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
06-04-2025
- Climate
- Yahoo
With heavy downpours finally ending, fears of river flooding rise in Mississippi, Ohio valleys
As a record rain event comes to an end for the Mississippi, Ohio and Tennessee valleys, flooding impacts will continue this week as floodwaters flow into streams and rivers, likely causing more flooding in previously spared areas. The FOX Forecast Center said the storm system that brought six Flash Flood Emergencies and a deadly tornado outbreak across multiple states since last week will finally exit off the East Coast by Tuesday. Over a foot of rain fell in Kentucky, western Tennessee and Arkansas throughout this event. Now, all this water needs to go somewhere. Catastrophic Rain Triggers Flood Emergencies, Evacuations On Fourth Straight Day Of Relentless Storms Saturday Meanwhile, more than 50 river locations are currently experiencing or expected to reach major flood stage over the next few days, and another 90 river locations are forecast to reach moderate flood stage. Water rescues were underway throughout the weekend along rivers, including in Columbus, Indiana. Columbus Fire Rescue completed a 12-person rescue along the White River near East Fork on Sunday when flooding stranded a group of unhoused individuals. The White River is forecast to crest at a major flood stage of nearly 16.96 feet on Sunday, according to NOAA's National Water Prediction Service. The Kentucky River in Woodford County is forecast to reach a potential record 49.5 feet on Monday. Over the weekend, emergency management officials ordered evacuations. "If you're near the river, and you have any proximity to water, you need to leave," Woodford County Judge Executive James Kay said on Sunday. FOX Weather Meteorologist Jane Minar said all this rain will eventually flow into major rivers, including the Ohio River and Mississippi River. Why Is This Relentless Severe Weather Pattern Stuck Over Eastern Half Of The Us? "So that means other tributary streams and creeks downstream of where all of this heavy rain has fallen is going to start to flow in, and that big flow into our major rivers is what is going to ultimately lead to more water rises, and we are expecting significant river flooding over the next several days for this upcoming week," Minar said. "That means areas that might not see flooding right now will and could definitely be in a dangerous situation with that flooding potential." Paducah, Kentucky, along the Ohio River, and Memphis, Tennessee, along the Mississippi River, are areas of concern for flooding early this week. This flooding concern will last through most of April. According to the FOX Forecast Center, in more than two and a half weeks, rainfall water on the Mississippi River is forecast to reach Baton Rouge, Louisiana, where water levels could rise to the highest level in four years. "That's the biggest threat here with communities that live along the river expected to see that water rise," Minar said. "We can expect to see some concerns for businesses and buildings, just driving along the way as well. You don't ever want to drive through floodwaters, but this is gonna be a really difficult task."Original article source: With heavy downpours finally ending, fears of river flooding rise in Mississippi, Ohio valleys
