DayBlink GPO, a purchasing consortium aiding luxury independent hotels, has partnered with financial operations platform Folio.
To initially launch in the US, this collaboration aims to streamline procurement processes across hotel operations, with Folio becoming the preferred marketplace for DayBlink GPO contracts.
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DayBlink GPO CEO Michael Wong said: “At DayBlink GPO, our mission is to support independent luxury hotels with smarter sourcing tools that enhance operational efficiency without compromising quality or brand identity.
“Partnering with Folio aligns with this mission. By consolidating procurement through a modern, intuitive platform, we empower our members to regain control over their purchasing, reduce administrative friction, and unlock new levels of savings and transparency—helping them succeed in a competitive market while preserving their unique identities.”
Folio’s procurement management platform leverages its centralised marketplace solution, Folio Buy, to offer cost savings and hotel efficiency.
This helps replace time-intensive implementations and manual processes with a platform featuring AI-driven automations across the procure-to-pay process.
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By GlobalDataFolio CEO and co-founder Kate Adamson said: “We believe premium hospitality is made possible with extraordinary tools and operations.
“We’re excited to partner with DayBlink GPO to bring much-needed purchasing simplicity to upscale and luxury hotels. These properties juggle hundreds of vendors and support complex operations. Helping them centralise purchasing in one system cuts administrative overhead, so they can focus more on guests and less on the back-office.”
Earlier this month, Folio secured $14m in Series A funding to further its mission of enhancing hotel profitability and expediting service delivery.
