Guesty Buys YieldPlanet as Startups Serving Short-Term Rentals and Hotels Consolidate
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 Hopper, Trip.com, Marriott Homes & Villas, and Google's Hotel and Vacation Rental Search Products.
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