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Cloud5 Communications making $100m. available to the hospitality industry

Leading provider of communications solutions and Managed IT services to offer zero capex technology as a service (TaaS) model.

CHICAGO, IL. – Cloud5 Communications, a leading provider of communications solutions and Managed IT Services for more than 5,000 hotels, MDUs, and commercial facilities across the Americas, announced today that it has arranged funding dedicated to helping the hard-hit hospitality industry recover from the unprecedented slowdowns in travel and tourism that resulted from COVID-19. As a result of this innovative new program, hoteliers will now be able to deploy new HSIA networks and telephony systems or upgrade their existing communications technology without the concerns of upfront payments or the burden of trying to secure financing, a move that will allow hotel owners and managers to conserve cash and invest capital funds into other essential projects.

Cloud5 TaaS will expand significantly during Q4, 2021 and into 2022 to include additional services and flexible options. The company accelerated its development of this important offering due to the ongoing financial impact of COVID-19 on the hospitality industry.

“I couldn’t be more excited to announce that we’ve fast-tracked the Cloud5 TaaS offering to make it available to hoteliers now," commented Mark Holzberg, President and CEO of Cloud5. “There’s never been a more critical time to help the hospitality industry, and we’re privileged to be able to do so in a way that preserves constrained financial resources, while still allowing for property innovations that will improve the guest experience.”

Co-Founder & Chief Editor - TravelDailyNews Media Network | Website | + Posts

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.