{{Short description|Hospitality and property technology company}} {{Multiple issues| {{Notability|1=Companies|date=August 2025}} {{Promotional|date=August 2025}} {{Unreliable sources|date=August 2025}} }} {{Use dmy dates|date=May 2025}} {{Infobox company | name = Qstay Hospitality Technologies Ltd. | logo = Qstay_logo.png | logo_size = 100px | type = Private | industry = Hospitality, Property technology | founded = {{Start date|2020}}<ref name="Pitchbook">{{cite web |url=https://pitchbook.com/profiles/company/502626-97 |title=Qstay Overview |website=Pitchbook |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240901041132/https://pitchbook.com/profiles/company/502626-97 |archive-date=1 September 2024 |url-status=live}}</ref> | founders = {{ubl|Artur Khayrullin|Ekaterina Rogozhina|Alec Redelman Fesenko|Natalya Fesenko}}<ref name="WamdaSeed">{{cite web |url=https://www.wamda.com/2022/07/uae-qstay-closes-6-5-million-seed-round |title=UAE's Qstay closes $6.5 million seed round |website=Wamda |date=28 July 2022 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240428182902/https://www.wamda.com/2022/07/uae-qstay-closes-6-5-million-seed-round |archive-date=28 April 2024 |url-status=live}}</ref> | hq_location_city = Dubai | hq_location_country = United Arab Emirates | area_served = Global | key_people = Artur Khayrullin (CEO)<br />Alec Redelman Fesenko (Co-founder) | products = Short-term rental management, virtual hotel services | num_employees = 51–200<ref name="Pitchbook"/> | website = {{URL|https://stayqstay.com/}} }}
'''Qstay''' is a hospitality and property technology company headquartered in Dubai, United Arab Emirates.<ref name="Pitchbook"/> Founded in 2020, the company operates as a virtual hotel brand, managing a portfolio of short-term rental properties that it equips with standardized hotel-like services and amenities.<ref name="CBS4Indy">{{cite web |url=https://cbs4indy.com/business/press-releases/ein-presswire/838836525/qstay-marks-4-years-with-18m-revenue-industry-leading-metrics-and-strategic-pivot-into-global-hospitality-platform/ |title=Qstay Marks 4 Years with $18M Revenue, Industry-Leading Metrics, and Strategic Pivot into Global Hospitality Platform |website=CBS4Indy |publisher=EIN Presswire |date=14 August 2025 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240815041049/https://cbs4indy.com/business/press-releases/ein-presswire/838836525/qstay-marks-4-years-with-18m-revenue-industry-leading-metrics-and-strategic-pivot-into-global-hospitality-platform/ |archive-date=15 August 2024 |url-status=live}}</ref>
Qstay's business model focuses on leasing, managing, and upgrading high-end apartments, villas, and penthouses in prime locations, then making them available for rent on various booking platforms. The company has also integrated blockchain technology into its platform, launching a native cryptocurrency token to facilitate payments and develop a decentralized hospitality ecosystem.<ref name="FOX40_Blockchain">{{cite web |url=https://fox40.com/business/press-releases/ein-presswire/840769240/qstay-goes-borderless-hospitality-platform-integrates-blockchain-smart-contracts-and-crypto-payments/ |title=Qstay Goes Borderless: Hospitality Platform Integrates Blockchain, Smart Contracts, and Crypto Payments |website=FOX40 |publisher=EIN Presswire |date=20 August 2025 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240821034455/https://fox40.com/business/press-releases/ein-presswire/840769240/qstay-goes-borderless-hospitality-platform-integrates-blockchain-smart-contracts-and-crypto-payments/ |archive-date=21 August 2024 |url-status=live}}</ref>
== History == Qstay was founded in 2020 by Artur Khayrullin, Ekaterina Rogozhina, Alec Redelman Fesenko, and Natalya Fesenko, aiming to utilize technology to enhance the management and guest experience of short-term rentals.<ref name="WamdaSeed"/>
In July 2022, Qstay announced the closing of a US$6.5 million seed funding round, which included a mix of debt and equity financing.<ref name="WamdaSeed"/> In June 2024, the company secured an additional $4.6 million in a pre-Series A funding round, bringing its total raised capital to $11.1 million. These funds were designated for further expansion and technology development.<ref name="GulfBusinessFunding">{{cite web |url=https://gulfbusiness.com/dubai-based-qstay-secures-4-6m-in-pre-series-a-round/ |title=Dubai-based Qstay secures $4.6m in pre-Series A round |website=Gulf Business |date=13 June 2024 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240909062325/https://gulfbusiness.com/dubai-based-qstay-secures-4-6m-in-pre-series-a-round/ |archive-date=9 September 2024 |url-status=live}}</ref><ref name="ShortTermRentalzFunding">{{cite web |url=https://shorttermrentalz.com/news/qstay-pre-seriesa-funding-round-dubai/ |title=Qstay raises $4.6m in pre-Series A funding round |website=ShortTermRentalz |date=13 June 2024 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240726182337/https://shorttermrentalz.com/news/qstay-pre-seriesa-funding-round-dubai/ |archive-date=26 July 2024 |url-status=live}}</ref>
Initially focused on the Dubai market, as of 2025 the company expanded its portfolio to include properties in other cities such as Ras Al Khaimah, Tbilisi, Baku and Abu Dhabi.<ref name="NewswireExpansion">{{cite press release |url=https://www.newswire.com/news/dubai-hospitality-platform-qstay-expands-to-ras-al-khaimah-london-and-22009436 |title=Dubai Hospitality Platform Qstay Expands to Ras Al Khaimah, London and Tbilisi |website=Newswire.com |date=23 July 2023 |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20230811231652/https://www.newswire.com/news/dubai-hospitality-platform-qstay-expands-to-ras-al-khaimah-london-and-22009436 |archive-date=11 August 2023 |url-status=live}}</ref>
== Operations and business model == Qstay operates as a "virtual hotel brand" by leasing properties, upgrading them to a consistent luxury standard, and managing them with a suite of tech-enabled services. The company focuses on high-end accommodations in prime locations, such as Dubai Marina, Palm Jumeirah, and Downtown Dubai.<ref name="NewswireExpansion"/> Guest services, including extra cleaning and late checkouts, are managed through a mobile app. The properties are equipped with standardized amenities like designer bathrobes and luxury linens, and often provide access to 5-star building facilities like pools and gyms.<ref name="CreativeZone">{{cite web |url=https://www.creativezone.ae/events/the-dubai-advantage-moscow/ |title=The Dubai Advantage, Moscow |website=Creative Zone |access-date=3 May 2025 |archive-url=https://web.archive.org/web/20240726182604/https://www.creativezone.ae/events/the-dubai-advantage-moscow/ |archive-date=26 July 2024 |url-status=live}}</ref>
The company has received accolades for its service quality, including ''Airbnb Superhost'' status with an average property rating above 4.80 stars.<ref>{{cite web |url=https://www.airbnb.com/users/show/255343779 |title=Qstay Host Page|website=AirBNB |access-date=27 Aug 2025}}</ref><ref>{{cite press release |url=https://www.newswire.com/news/qstay-hospitality-technologies-raises-a-6-5-million-seed-round-21777565 |title=Qstay Hospitality Technologies Raises a $6.5 Million SEED Round|website=NewsWire |access-date=27 Aug 2025}}</ref> A key part of its growth strategy involves partnerships, such as a major agreement in 2025 to manage the 367-unit Carlton Hotel & Suites in Dubai. As of August 2025, Qstay reported it had managed over 300 properties and achieved $18 million in cumulative revenue since its inception, and planned a strategic shift from a property management company to a global hospitality platform, leveraging its technology for broader applications.<ref name="CBS4Indy"/>
== Blockchain integration == In August 2025, Qstay announced the integration of blockchain technology into its platform with the launch of its native cryptocurrency token (ticker:''QSTAY''), on the Solana blockchain.<ref name="FOX40_Blockchain"/> The token is positioned as a Real-World Asset (RWA), with its value linked to the company's portfolio of over 300 hospitality units. The primary utility of the token is to facilitate crypto-friendly payments for bookings on the Qstay platform and app. This initiative is part of the company's strategy to develop a decentralized hospitality marketplace and expand its global partnerships through the use of smart contracts.<ref name="FOX40_Blockchain"/>
==See also== * Hospitality industry * Real-World Assets
==References== {{reflist}}
Category:Hospitality companies of the United Arab Emirates Category:Companies based in Dubai Category:2020 establishments in the United Arab Emirates Category:Technology companies established in 2020 Category:Blockchains