- Metaguest.AI (CSE:METG), an AI tech stock focused on the hospitality industry, is reporting subscription sales and experience bookings for March 2024 of C$109,562, up by 42 per cent from C$77,386 in February 2024
- The company has grown revenue by almost 10x since Q1 2023, with the stock tripling over the period
- Metaguest.AI develops advanced AI platforms for the hospitality industry designed to enhance the guest experience
- Metaguest.AI stock last traded at C$0.25 per share
Metaguest.AI (CSE:METG), an AI tech stock focused on the hospitality industry, is reporting subscription sales and experience bookings for March 2024 of C$109,562, up by 42 per cent from C$77,386 in February 2024.
This follows quarterly sales increases from C$27,411 in Q1 2023 to C$72,945 in Q2 2023 to C$101,578 in Q3 2023 and C$138,052 in Q4 2023, and a monthly record of C$80,730 in sales and bookings for January 2024, making Metaguest.AI one of the hottest companies in the AI space available to Canadian investors.
Metaguest earns commission revenue on experience sales booked through its partners, Tiqets International and Viator, and recurring monthly subscription revenue from partner hotels that offer guests access to the company’s unique offerings. These offerings include comprehensive generative AI-powered solutions designed to address every aspect of a guest’s needs, while improving revenue and operational efficiency, such as:
- On-property e-commerce with electronic payments
- Real-time in-room service management
- Mobile check-out
- Personalized in-room controls
- Local experience and event bookings
- A virtual personal concierge
With recent partnership expansions announced in New York and Miami, and its sights set on leveraging current clients like Wyndham, Marriott and Best Western for further growth, Metaguest.AI is taking early strides towards a meaningful presence in the more than US$400 billion global hotel industry, which Statista forecasts to cross US$500 billion in 2028. Shareholders agree, having lifted the stock by 212.50 per cent year-over-year.
Leadership insights
“Our recent sales results highlight the scalability of our business and the effectiveness of our digital concierge platform in delivering a compelling guest experience for our hotel partners,” Tony Comparelli, Metaguest.AI’s chief executive officer, said in a statement. “As we continue to expand our reach and refine our services, the company is strategically poised to capture an even larger share of the market and we are excited for continued sales growth.”
About Metaguest.AI
Metaguest develops advanced AI platforms for the hospitality industry designed to enhance the guest experience.
Metaguest.AI stock (CSE:METG) last traded at C$0.25 per share.
Join the discussion: Find out what everybody’s saying about this AI tech stock on the Metaguest.AI Inc. Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
