Jurny is dedicated to revolutionizing the hospitality industry by making AI automation for property managers across the globe. Nia is Jurny’s AI-enabled platform, designed to address and overcome the inefficiencies that plague the hospitality sector.
Jurny offers a unique solution for a historically slow-to-adopt industry like hospitality. The hospitality industry is unprepared, and automation is not widely adopted. Nia, Jurny’s operating system is an AI-enabled property management system that effortlessly automates operations for hosts, hotels, and property managers in a matter of clicks. Its users can integrate and manage software for bookings, cleanings, customer service, reviews management, and dynamic pricing in just one dashboard. Nia offers direct and in-depth integration with Airbnb, Booking.com, and many other booking channels. This enables hosts, and property managers to manage all of their listings and operations with the Property Management Software. What truly sets Nia apart is its ability to adapt and learn, offering each host the capability to customize the AI's responses and interactions to align with individual guest needs and property requirements. This level of customization and control is simply unparalleled in the industry. It SaaS billing model includes a free version, plus version, a pro version, an enterprise version, and a pro+ version of Nia. The subscription pricing is either $29, $69, or even up to $299 per unit/home/apartment per month under the Pro+ plan.
A recent report from Accenture estimated that AI could potentially double annual economic growth rates by 2035. This has been validated by a study by PwC estimating that AI could add $15.7T to the global economy by 2030. Needless to say, AI is already having a massive impact on society and every industry should take note. Jurny's direct competitors in the space are Guesty, Hostfully, Track, and Hostaway which operate with an outdated approach of attempting to be a marketplace for multiple vendors across numerous verticals resulting in a fragmented system and poor experience.
The company’s product has good traction. At present, the company has witnessed above 20% conversion rate in less than 30 days from the free version to the paid versions of Nia. The company has been featured as an AI industry disruptor in major publications such as Bloomberg, Forbes, WSJ, Entrepreneur, Business Insider, Skift, and Yahoo Finance for its innovative use of AI within hospitality tech. The company has witnessed 5x customer growth in the last 9 months and has reported $2.2M in contracted ARR with 100% user growth in the last month. Currently, it has 2000+ units live on its platform. Its projected annual revenue growth rate stands at 200% and it expects to approach break even in the near future. It also achieved its target of listing 1400 units by Q1 2023. The company has moved from the beta stage to its ready-for-market product release in Q3 2022.
