SHR Developer of WindsurferCRS Secures Growth Capital to Support Expansion
SHR reported it has secured $20MM in growth capital to support its expansion in the U.S. and in Asia-Pacific.
According to a release, on the eve of making the Inc. 5000 List for the fifth year in a row, SHR finds its style of doing business in high demand. The rapid growth over the past two years is indicative of hoteliers' preference for a CRS backed by a high level of intelligent support from a staff with hotel operations experience.
"We are very excited about the future of SHR. The new growth capital available to the company will help expand our efforts to improve the lives of hoteliers struggling to streamline the management of their distribution to maximize their revenue," says Rod Jimenez, SHR's CEO.
As part of its expansion plan, SHR's Singapore Office is slated to open in October and will be hiring staff to support its growth in the Asia-Pac region. On the home front, the company is adding space to its Houston headquarters to accommodate another thirty staffers.
"Growth is spectacular for Sundial this year as we have exceeded budgeted forecasts by 22 percent in occupancy, 9 percent in REVPAR and 13 percent in Average Daily Rate since the implementation of the WindsurferCRS. It doesn't surprise me that SHR is growing as rapidly. They provide a top tier distribution platform backed by unparalleled service, something their competitors struggle with," says Brett Lindsay, Director of Sales & Marketing, Sundial Beach Resort & Spa.
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THE DAILY VIEW
Papyrus Joins Forces with Designer Lela Rose
Papyrus is looking to bring the “elegance and style” of fashion to its greeting cards via a new designer collaboration series.
According to a release, the collaboration marks the first time a fashion design house and greeting card brand have joined forces to develop a custom greeting card collection.
Papyrus said it is partnering with American fashion designer Lela Rose to introduce the series. Rose will feature her "sophisticated yet modern style" in the debut card and gift collection, slated to launch during New York Fashion Week. The collection will be available in New York City Papyrus stores and select retailers in September, with availability expanding to all Papyrus locations and retailers in October.
"The fashion designer collaboration series is a celebration of the commitment Papyrus has to the arts, including a focus on the fashion industry, quality craftsmanship and trend-forward design," said Christy Kaprosy, President of Papyrus-Recycled Greetings. "We are delighted to have Lela Rose's elegant line lead the first Papyrus fashion designer collaboration program, and we are excited to bring more fashion designers to our loyal customers in the future."
The company noted the collection, which draws inspiration from some of Rose's recent runway designs, consists of 16 cards and five gift accessories, including gift bags, gift tissue, roll wrap and a gift tag set. It also will be available online at papyrusonline.com
"I'm thrilled to be the first designer to collaborate with Papyrus on their exclusive new fashion series," said Lela Rose. "This is a unique way to showcase our designs, silhouettes and prints, and extend the brand into a new category."
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