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Yamsafer

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Yamsafer is an online hotel booking website which enables travelers to book a large inventory of hotels located in the Middle East and North Africa (MENA) region at discounted prices.[1] The company’s hotel inventory expands to Turkey and 13 Arab countries: Palestine, Jordan, Egypt, Saudi Arabia, Lebanon, United Arab Emirates, Qatar, Oman, Bahrain, Kuwait, Tunisia, Morocco and Algeria. Yamsafer provides hotel rates that are usually lower than other international online hotel sites and is being recognized in the Middle East region for its high quality Arabic and English content, targeting Arab-speaking clients in the online travel space.[2][3] The company was created in September 2011 by Faris Zaher,[4] Sameh Alfar and Seri Abdelhadi and its operations are based in Ramallah, Palestine. In January 2011, Wamda[5] selected Yamsafer as the Best ecommerce startup as part of the Best MENA Startups of 2011 competition.[6] In September 2012, Yamsafer received a $1 million round[7] of investment from Sadara Ventures,[8] a venture capital firm that focuses on early-stage Palestinian tech startups located in Palestine.[9] At the same time of the investment, Sadara Ventures estimated that there were more than 300 technology companies operating in Palestine with roughly 3,200 individuals working on mobile applications and technology sites. The investment by the Sadara Fund[10] in Yamsafer was the first to be announced by the fund and the first venture capital round to close in Palestine.[11] In January 2014, Yamsafer was the first hotel booking site to offer the “Cardless Bookings” feature worldwide,[12] where customers do not need a credit card to guarantee a hotel reservation.[13] The feature is currently available in select cities: Amman, Madaba, Aqaba, Dead Sea, Ramallah, Bethlehem, Cairo, Jeddah, Kuwait City and Manama.[14] With this new "Cardless Bookings" feature, Yamsafer has removed the traditional deposit fee requirements usually requested by hotels of their guests.[15]

References

  1. ^ "Yamsafer Announces $1m Investment from Sadara Ventures; Interview with Founder Faris Zaher [Wamda TV". Wamda.com. 2012-09-10. Retrieved 2014-03-31.
  2. ^ Avriel, Eytan (2013-04-18). "Palestinians turn to high-tech as they lay groundwork for statehood - Middle East Israel News". Haaretz. Retrieved 2014-03-31.
  3. ^ Gabrielle Karol. "Obama Praises Palestinian Startup Scene | Fox Small Business Center". Smallbusiness.foxbusiness.com. Retrieved 2014-03-31.
  4. ^ "The cool new Palestinians: geeks". CSMonitor.com. Retrieved 2014-03-31.
  5. ^ "About Wamda". Wamda.com. Retrieved 2014-03-31.
  6. ^ "Announcing the Wamda Best MENA Startups of 2011". Wamda.com. 2012-01-09. Retrieved 2014-03-31.
  7. ^ "Yamsafer Announces $1m Investment from Sadara Ventures; Interview with Founder Faris Zaher [Wamda TV". Wamda.com. 2012-09-10. Retrieved 2014-03-31.
  8. ^ Primack, Dan (2012-09-11). "Venture capital deals - The Term Sheet: Fortune's deals blogTerm Sheet". Finance.fortune.cnn.com. Retrieved 2014-03-31.
  9. ^ Sara Hamdan (2012-04-16). "Early Investors See Promise in Palestinian Start-Ups". dealbook.nytimes.com. New York Times. Retrieved 2015-09-11.
  10. ^ Jackie Spinner. "The cool new Palestinians: geeks". CSMonitor.com. Retrieved 2014-03-31.
  11. ^ "Latest Travel Start-Up Is From Palestine - Christopher Schroeder - Voices". AllThingsD. 2012-09-11. Retrieved 2014-03-31.
  12. ^ "Yamsafer, an Online Hotel Booking Platform Re-Launches its Website and is the First to Introduce the 'Cardless Bookings' Feature Worldwide". ITbriefing.net. 2014-01-20. Retrieved 2014-03-31.
  13. ^ Yamsafer January 20, 2014 4:59 AM (2014-01-20). "Yamsafer, an Online Hotel Booking Platform Re-Launches its Website and is the First to Introduce the 'Cardless Bookings' Feature Worldwide - Yahoo Finance". Finance.yahoo.com. Retrieved 2014-03-31.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ^ "Yamsafer, an Online Hotel Booking Platform Re-Launches its Website and is the First to Introduce the 'Cardless Bookings' Feature Worldwide". Telegraphindia.com. 2014-01-20. Retrieved 2014-03-31.
  15. ^ Kalman, Matthew (2014-03-24). "Palestinian travel start-up bypasses credit cards". FT.com. Retrieved 2014-03-31.
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