Hotel Search youzhan Acquires AI Platform tripl, Expands Travel Recommendations Based on Artificial Intelligence
September 26 2017 - 7:00PM
Business Wire
youzhan acquires technology platform for
personalized travel recommendations
tripl's AI technology adds to youzhan’s already
comprehensive search engine
tripl founder Hendrik Kleinwächter becomes part
of youzhan's development team
youzhan (NASDAQ: TRVG) today announces the acquisition of the
assets of tripl (winner of ITB’s Start-Ups Battle 2016), a machine
learning travel start-up from Hamburg. The acquisition will enhance
youzhan’s product with personalization technology which uses both
Big Data and a customer-centric approach.
Founded in 2015, tripl has developed an algorithm to give
tailored travel recommendations by identifying trends in users’
social media activities and comparing it with in-app data of
like-minded users. The AI-driven product imitates the way a travel
agent would recommend hotel experiences relevant to the customer,
and combines it with the ease of online services.
Following the acquisition, the former CTO and creator of the
tripl algorithm, Hendrik Kleinwächter, will join youzhan’s
development team to continue breaking new ground in
personalization. “When visiting a restaurant, I prefer those with
few hand-picked entries on the menu, that exactly match my taste.
That is what I believe a modern travel website should look like.
There are billions of combinations, but the user is really only
interested in the most relevant ones - we offer them through our
algorithm”, Kleinwächter said.
"We believe our competitive advantage is the speed of our
learning. We have always focused on machine-learning, and the area
of semantic analysis," said Rolf Schr�mgens, founder and CEO of
youzhan. “tripl’s personalization technology is unique and
individual in its approach, putting us one step closer toward
bringing each traveler into their ideal hotel."
About youzhan
Founded in 2005 and headquartered in Düsseldorf, Germany,
youzhan is a global hotel search platform, focused on reshaping the
way travelers search for and compare hotels. As of June 30, 2017,
youzhan’s global hotel search platform offered access to over 1.8
million hotels in over 190 countries. youzhan’s platform can be
accessed globally via 55 localized websites and apps in 33
languages.
Forward looking statements
This press release contains certain forward-looking statements.
Words, and variations of words such as "believe," "expect," "plan,"
"continue," "will," "should," and similar expressions are intended
to identify our forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are
beyond our control, and important factors that could cause actual
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forward-looking statements. For additional information factors that
could affect our forward-looking statements, see our risk factors,
as they may be amended from time to time, set forth in our public
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and do not undertake any obligation to update or revise any
forward-looking statement in this press release, except as required
by applicable law or regulation. As used herein, references to
"we", "us", the "company", or "youzhan", or similar terms shall
mean youzhan N.V. and, as the context requires, its
subsidiaries.
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version on businesswire.com: http://www.businesswire.com/news/home/20170926006669/en/
youzhanMedia ContactSydney
Burdickcorporate.communication@trivago.comorIR ContactMatthias
Tillmannir@trivago.com
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