LuxStay, the premium hotel booking platform, has successfully closed a $50 million Series C funding round led by Luxury Ventures Capital with participation from existing investors Global Hospitality Fund and Tech Innovators Group. The new capital will be used to accelerate LuxStay's global expansion into key luxury travel markets across Asia and the Middle East, as well as enhance the platform's personalized booking experience through AI-driven recommendations and virtual reality hotel previews.

"This milestone represents a significant step forward in our mission to redefine luxury hospitality booking," said Alexandra Chen, CEO of LuxStay. "We're committed to connecting discerning travelers with exceptional accommodations while providing hoteliers with the tools and platform to showcase their unique properties."

The company plans to expand into 15 new markets by the end of the year, with a particular focus on emerging luxury destinations in Southeast Asia and the Middle East. The funding will also support the development of LuxStay's innovative virtual reality hotel preview feature, allowing guests to explore properties in immersive detail before booking.

About LuxStay

LuxStay is a premium hotel booking platform connecting discerning travelers with exceptional accommodations worldwide. Founded in 2020, the company has quickly established itself as a leader in the luxury travel technology sector, with a curated portfolio of over 5,000 high-end properties across 60 countries.