Allmytour , an AI-based global bedbank solution company, announced on the 24th that it was finally selected in the 'Growth Tourism Venture' category at the '16th Tourism Venture Business Contest' hosted by the Ministry of Culture, Sports and Tourism and organized by the Korea Tourism Organization.
The Tourism Venture Business Contest has been held since 2011 to discover and foster innovative tourism industry entrepreneurs, and this year, it recorded the highest competition rate ever at 8:1. All My Tour, selected in the 'Growth Tourism Venture' category, will receive comprehensive support including customized diagnosis, consulting, and investment attraction along with up to 100 million won in business funds.
Established in late 2020, Allmytour is leading the digital transformation of accommodation distribution through an AI-based global bedbank system. 'Bedbank' is a B2B platform model that connects accommodation facilities such as hotels and resorts with sales channels such as travel agencies and OTAs (online travel agencies) in real time, and is a structure that can increase price competitiveness and distribution efficiency.
AllmyTour is growing rapidly through its flagship solution, the 'Global B2B Cloud Channeling System'. The number of accommodations it has owned, which was around 200,000 in early 2024, has now increased to about 3 million, and its sales in 2023 have more than doubled from the previous year to KRW 26.3 billion. This growth is based on the expansion of the accommodation supply chain through API linkage with global partners.
Currently, AllmyTour provides accommodation products in 250,000 cities in 198 countries through the accommodation reservation platform 'AllmyTour.com', and plans to grow into the largest B2B bedbank company in Northeast Asia in the future.
An official from All My Tour said, “This selection for the contest is an official recognition of our global bed bank model and technological competitiveness,” and added, “We will continue to serve as a bridge connecting accommodations and sales channels around the world and lead the innovation of the distribution structure of the tourism industry.”
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