LockTrip
LockTrip operates a decentralized hotel marketplace serving individual travelers and AI agent developers, aggregating 2.1M+ properties across 190+ countries with ML-driven price optimization and cryptocurrency payment support.
- Company typePrivate
- Founded2017
- HeadquartersSofia, Bulgaria
- Headcount11–50
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What LockTrip does
LockTrip operates a decentralized hotel and vacation rental marketplace aggregating 2.1M+ properties across 190+ countries, with a price-discovery layer built on ML algorithms that analyze millions of pricing data points to surface deals claimed at up to 60% savings versus legacy online travel agencies. The platform is accessed through two primary surfaces: the consumer-facing locktrip.com marketplace and the AI Agent Hotel Booking API, which exposes 15 tools via REST and the Model Context Protocol (MCP) for autonomous search, authentication, and booking by AI agents. Core technology components include the ML price optimization engine, the MCP/REST booking API with a JavaScript SDK, and a multi-currency payment stack supporting both fiat (processed through Revolut and Stripe under PCI-DSS compliance with 3-D Secure verification) and direct cryptocurrency settlement in BTC, ETH, XRP, LTC, SOL, USDT, USDC, and BUSD.
The company serves three customer segments: individual travelers seeking budget-friendly accommodation with transparent pricing and crypto payment options; AI agent developers and travel technology teams building automated booking pipelines via the API; and B2B partners including travel agencies and OTAs that access credit-line-backed booking tools. LockTrip is incorporated in Bulgaria as LOCKTRIP LTD. (UIC 204752244), headquartered in Sofia, and was founded in 2017 by Nikola Alexandrov (CEO) and Hristo Tenchev (COO). Revenue is generated through marketplace commissions on completed transactions and per-transaction API services, with no subscription fees for consumers and a free tier for search API access. The platform's only disclosed institutional capital is a $4.1M funding round led by Webjet.com.au in March 2021, and the company remains privately held with 11-50 employees.
LockTrip firmographics
Firmographics- Name
- LockTrip
- Legal name
- LOCKTRIP LTD.
- Website
- https://locktrip.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LockTrip operates a decentralized hotel marketplace serving individual travelers and AI agent developers, aggregating 2.1M+ properties across 190+ countries with ML-driven price optimization and cryptocurrency payment support.
- Ownership category
- akta.pro rank
LockTrip industry classification
Industry- Product category
- Online Travel Marketplace
- NAICS
- Travel Agencies (561510)
- akta.pro primary industry
- Last-Minute Travel & Hotel Deal Apps (THAKAAAF)
- akta.pro secondary industry
- Payment-Integrated Booking & Checkout Modules (THALADAO)
Keywords
Where LockTrip is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices1 record
Markets served
LockTrip business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Marketing or Sales, Operations, Personnel, Infrastructure
Revenue model
- Marketplace Transaction Commission: LockTrip operates as a travel marketplace earning revenue from transaction fees on hotel bookings made through the platform. The platform displays accommodation fees from providers and facilitates payments between travelers and accommodation providers, earning a commission on completed bookings.
- API Services for AI Agents: Provides AI agent hotel booking capabilities through MCP/REST API integration. Search API is free and requires no API key, while authenticated booking tools enable B2B partners to build automated booking pipelines with credit line payments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Search API - No authentication required for hotel search |
| Transaction based/ take rate | Pay-as-you-go | Authenticated API - Bearer token required for booking operations |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
LockTrip product offering
Product offeringCore offering
LockTrip operates a decentralized online travel marketplace that connects travelers with 2.1M+ hotels and vacation rentals worldwide, using ML algorithms to surface discounted rates with no hidden fees. Consumers can book through LockTrip.com using fiat (Revolut/Stripe) or cryptocurrency payments (BTC, ETH, XRP, LTC, SOL, USDT, USDC, BUSD), and developers/AI agents can access the same inventory through a 15-tool REST and Model Context Protocol (MCP) booking API.
Product overview
LockTrip operates as a unified travel marketplace combining consumer hotel booking and AI agent programmatic booking capabilities. The core LockTrip.com marketplace serves travelers with ML-optimized pricing across 2.1M+ hotels accepting both fiat and cryptocurrency payments, while the AI Agent Hotel Booking API product enables developers to build AI agents that can programmatically search and book hotels via REST or MCP protocol.
Differentiator
Problem solved
Functional benefit
Products and services
- LockTrip Travel Marketplace Consumer-facing online travel marketplace giving travelers access to 2.1M+ hotels and apartments worldwide with ML-optimized pricing, transparent fees, and payment via fiat (Revolut, Stripe) or cryptocurrency (BTC, ETH, XRP, LTC, SOL, USDT, USDC, BUSD).
- AI Agent Hotel Booking API Programmatic hotel booking API exposing 15 tools over REST and Model Context Protocol (MCP) that let AI agents, developers, travel agencies, and OTAs search, price, and book accommodations end-to-end. Search tools are free without an API key; booking tools require a Bearer token and support credit line payments for instant confirmation.
Quantifiable outcome
- Up to 60% savings compared to other hotel booking platforms
- +1 more outcomes
Companies that use LockTrip
Customer profileSegments3 records
Ideal customer profiles3 records
LockTrip technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability5 records
Feature4 records
LockTrip partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- RevolutcoreRevolut provides payment processing infrastructure for LockTrip's checkout system. Payments are processed through Revolut with 3-D Secure verification for secure encrypted transactions.
- StripecoreStripe serves as an alternative payment processor for LockTrip's checkout system. Used for markets and currencies where Stripe is preferred over Revolut.
- MCP Ecosystem (Claude Desktop, Cursor, etc.)coreModel Context Protocol enables native AI agent integration with MCP-compatible clients like Claude Desktop and Cursor, auto-discovering LockTrip's booking tools.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
LockTrip competitors and assessment
Company assessmentDirect peers
- Travala.com: Crypto-friendly hotel and travel booking marketplace accepting multiple cryptocurrencies and offering savings programs. Most direct competitor to LockTrip given overlapping crypto-payment positioning and OTA marketplace model.
- HotelTonight: Acquired by Airbnb, focuses on last-minute hotel deals with a mobile-first experience. Comparable to LockTrip's discount/deals focus on accommodation, though the crypto-accepting angle differs.
Broad incumbents
- Booking.com: World's largest OTA with deep hotel inventory and dominant brand recognition. Competes with LockTrip on the same accommodation-booking category but does not yet natively support crypto payments.
- Expedia: Major global OTA offering hotels, flights, and packages with extensive marketing reach and loyalty ecosystem. Competes head-to-head with LockTrip on hotel deals and is referenced by LockTrip users as the incumbent alternative.
- Hotels.com: Hotel-specialist OTA (Expedia Group brand) with global inventory and loyalty program. Closest large incumbent focused purely on hotels rather than broad travel, mirroring LockTrip's narrower focus.
- Agoda: Booking Holdings-owned OTA with strong Asia-Pacific hotel inventory. Competes with LockTrip for the same global accommodation demand, particularly among crypto-aware Asian travelers.
- Trip.com: Major global OTA (Trip.com Group) with broad travel inventory. Serves similar international hotel-booking demand as LockTrip and competes for cross-border travelers.
Emerging players
- Kayak: Travel metasearch engine owned by Booking Holdings that aggregates hotel prices across OTAs. Comparable meta-distribution layer to LockTrip's price-comparison feature, though without crypto integration.
Others
- Amadeus: Global travel technology and GDS provider whose CRS feeds a large share of the world's hotel inventory. As an aggregator, LockTrip sources comparable inventory infrastructure from Amadeus-adjacent systems.
- Sabre: Major GDS and travel technology provider distributing hotel and flight inventory. Comparable infrastructure layer; LockTrip's hotel inventory ultimately originates from similar CRS/GDS rails.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
LockTrip social profiles
Digital presenceLockTrip compliance and trust
Trust signalCompliance1 record
LockTrip financial estimates
Financial estimateRevenue estimate
Valuation estimate
LockTrip leadership team
Management profileNumber of profiles
Profiles3 records
LockTrip funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LockTrip M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LockTrip
What does LockTrip do?
LockTrip operates a decentralized online travel marketplace that connects travelers with 2.1M+ hotels and vacation rentals worldwide, using ML algorithms to surface discounted rates with no hidden fees. Consumers can book through LockTrip.com using fiat (Revolut/Stripe) or cryptocurrency payments (BTC, ETH, XRP, LTC, SOL, USDT, USDC, BUSD), and developers/AI agents can access the same inventory through a 15-tool REST and Model Context Protocol (MCP) booking API.
Is LockTrip a public or private company?
LockTrip is a private company. It is classified as venture growth investor backed and is currently operating.
When was LockTrip founded?
LockTrip was founded in 2017. It employs 11 to 50 people.
Where is LockTrip based?
LockTrip is headquartered in Sofia, Bulgaria, in the Europe region.
How does LockTrip make money?
Two revenue lines are on record. Marketplace Transaction Commission is the primary driver. The others are API Services for AI Agents.
Who are LockTrip's main competitors?
Direct peers on record are Travala.com and HotelTonight. Broad incumbents are Booking.com, Expedia, Hotels.com, Agoda and Trip.com. Kayak is listed as an emerging player. Others are Amadeus and Sabre.
Does LockTrip have an API?
Yes. LockTrip offers an AI Agent Hotel Booking API with 15 tools covering the complete hotel booking lifecycle. The API supports both REST and MCP (Model Context Protocol) for AI agent integration. Public tools (search_location, hotel_search, get_search_results, get_hotel_rooms, check_cancellation_policy, get_hotel_details, login, guest_login) require no authentication, while authenticated tools (prepare_booking, confirm_booking, create_checkout, get_payment_url, list_bookings, get_booking_details, cancel_booking) require a Bearer token. Rate limits: Anonymous users get 30 req/min for search tools; Authenticated users get 60 req/min for search and 20 req/min for booking tools. Developer documentation is at locktrip.com/agents/docs.
What industry is LockTrip in?
LockTrip's product category is Online Travel Marketplace. Its primary akta.pro industry code is THAKAAAF, Last-Minute Travel & Hotel Deal Apps, with a secondary code of THALADAO, Payment-Integrated Booking & Checkout Modules. Its NAICS code is 561510.