“The software is already operational at a selection of Accor properties and will be rolled out to several others over the next few months,” the company said in a press statement. Budget hospitality chain Treebo Hotels said it has raised $16 million (Rs 118 crore) in its Series D funding round from a clutch of investors led by French hospitality major Accor, even as the Covid-19 pandemic continues to batter the travel and tourism industry.