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Short stories and posts about the daily news happenings around the travel industry.

Short-Term Rentals

Guesty Buys Two Hospitality Software Companies as Acquisition Spree Continues

4 months ago

Guesty, a startup that simplifies the operation and marketing of short-term rental and vacation rentals, said on Wednesday it had acquired two companiesKigo and HiRUM — to expand the brand’s position in Southern Europe and Australia.

Guesty, based in the U.S. and Israel, didn’t disclose the transaction details.

Kigo and HiRUM have “thousands of customers” using their tools for property management and operations. For example, HiRUM’s customers include Palazzo Versace Gold Coast, Wyndham Hotels & Resorts, Ramada by Wyndham, and Grand Mercure Hotels & Resorts.

The deal extends Guesty’s “capabilities for flexible inventory management, allowing operators to handle traditional hotel listings, serviced apartments, holiday homes, and short-term rentals from one dashboard,” the company said.

Guesty has been on a shopping spree since August, when it revealed a $170 million Series E funding round. Earlier this month, Guesty bought Yield Planet, a hotel-focused revenue and distribution management platform.

Startups

Guesty Buys YieldPlanet as Startups Serving Short-Term Rentals and Hotels  Consolidate

5 months ago

Guesty has acquired Yield Planet, a hotel-focused revenue and distribution management platform.

The companies didn’t disclose the deal terms.

Guesty’s software helps property managers operate and market their short-term rentals for travelers. In August, the U.S. and Israel-based firm said it had closed a $170 million Series E funding round. YieldPlanet, based in Bellevue, Washington, had raised an undisclosed amount of Series A funding from Giza Polish Ventures, according to Crunchbase.

Guesty will integrate YieldPlanet’s tools for hospitality distribution, revenue management, and other functions for full-time property managers of short-term rentals, hostels, and hotels.

Guesty announced the news on Wednesday at a conference on short-term rentals it is running in Austin, Texas. The company also announced direct integrations with HopperTrip.comMarriott Homes & Villas, and Google’s Hotel and Vacation Rental Search Products

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