AirDNA Buys Location Intelligence Platform Arrivalist
Key Points
- AirDNA has acquired Arrivalist to enhance its short-term rental data services with location intelligence.
- The acquisition, funded by Alpine Investors, aims to provide more comprehensive data offerings for the travel industry.
- Predictis, under Alpine Investors, oversees the strategic integration of Arrivalist into AirDNA.
Summary
AirDNA, a short-term rental data provider, has acquired Arrivalist, a location intelligence platform, to enhance its data services in the travel industry. The acquisition, funded by Alpine Investors, brings both companies under the Predictis umbrella, aiming to offer enhanced data services to destination marketing organizations and other clients. This strategic move is part of a plan for continued growth through additional acquisitions and integration of complementary data sets.
Short-term rental data provider AirDNA, has acquired New York-based firm Arrivalist, a location intelligence platform for the travel industry. The deal brings both companies under Predictis, an umbrella group software and data businesses under Alpine Investors.
The deal was funded by Alpine Investors, which recently raised $4.5 billion for its technology buyout fund.
The acquisition will give AirDNA access to location-specific data applicable to short-term rentals. Founded in 2011, Arrivalist was among the first to use location data in the travel industry, offering insights into the way travelers interact with destinations.
“AirDNA’s acquisition of Arrivalist represents a blueprint for continued add-on acquisitions to supplement organic growth and capitalize on derived data opportunities from adjacent data sets,” said Jean-Marc Levy, the chief executive officer of predictis.
The acquisition will offer more data services and products to destination marketing organizations (DMOs), hotels, and other clients. Cosine Group acted as the financial advisor to Arrivalist in this acquisition.
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