Stay22 Secures 69th Spot on Deloitte Technology Fast 500 North America List with Staggering 4,000% Increase in Sales Volume

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Stay22, a travel tech firm based in Montreal, has earned a spot on the prestigious Deloitte Technology Fast 500 North America list, securing 69th place in November. This recognition highlights the company’s exceptional growth, with a staggering 4,000% increase in sales volume since the COVID-19 pandemic began.

From its humble beginnings as a startup, Stay22 has evolved into a high-growth scale-up in just four years. The company is now setting ambitious goals, aiming to double its Gross Merchandise Value (GMV) from affiliate-driven travel bookings and media partnerships. Stay22 plans to surpass $500 million in GMV in 2024, a remarkable jump from $12 million in 2020.

As part of its expansion, Stay22 has also grown its team to more than 60 employees, a significant increase from approximately 37 in 2023, with many of its new hires based in Montreal.

Andrew Lockhead, CEO and co-founder of Stay22, shared his reflections on the company’s journey: “To think that in just a few years, we pivoted and rebuilt our business in a way we could never have imagined. COVID nearly forced us to shut down, but victory was stolen from the jaws of defeat by doubling down on innovation. I hope our story inspires other entrepreneurs not to give up.

“Our dedication to helping travel bloggers and travel content creators such as media platforms to help them monetise their hard work through affiliate links attracts us more and more users every single month. Meanwhile travel providers looking for unique and more profitable routes to reaching travellers than Google Adwords, gain great value and place more confidence in our network to deliver every month too.

“Watch this space as we make further updates during 2025, including potentially acquiring companies and blasting through our 2024 numbers.”

During the COVID-19 pandemic, Stay22 introduced “Let Me Allez,” an AI-driven tool that revolutionized the affiliate marketing space for travel content creators. By harnessing AI and machine learning, this tool seamlessly connects bloggers and media outlets with top-tier travel vendor affiliate programs like Booking.com and Expedia. It enables content creators to effortlessly monetize their platforms while providing vendors with high-margin bookings.

In 2024, Stay22’s impressive growth and commitment to innovation earned the company several prestigious industry recognitions, including:

• Entrepreneur of the Year Nomination: Honoring CEO Andrew Lockhead for his visionary leadership.
• Deloitte Fast 50 Winner: Ranking 12th, solidifying Stay22’s place among Canada’s fastest-growing companies.
• Deloitte Fast 500 Winner: Securing 69th place in North America for exceptional growth and performance.
• Canadian Rocketship Award: Recognizing Stay22 as a standout leader in the Canadian business landscape.
• Montreal Startup Community Award: Celebrating Stay22’s significant contributions to the Montreal startup ecosystem.