5.2.2024
Guesty, the leading property management software platform for the short-term rental (“STR”) and hospitality industry, has acquired Rentals United, a cloud-based top-grade platform to distribute and promote properties across multiple listing sites. The acquisition combines two best-in-class software providers in the STR space to create a robust offering that is unmatched in the industry and opens up new revenue opportunities for property managers. Rentals United will retain its independence and continue to operate as a standalone business with its executive team leading its operations and development. Business will be conducted as usual for Rentals United’s customers and partners..
The deal will unlock a significant opportunity for both sets of customers to scale their businesses with sophisticated, data-driven products, AI-powered efficiency tools, and an extensive distribution network. Rentals United’s platform has been available to Guesty’s customers through its integration marketplace for several years and both companies are long-time industry partners with a shared vision for excellence in the short-term rental industry.
“We see this as a natural fit for two industry-leading players that harnesses great synergy for STR and vacation rental property managers,” says Amiad Soto, Guesty’s CEO & Co-Founder. “Combining our technologically advanced offering with Rentals United’s distribution capabilities will deliver both an increased volume of bookings and bookings of higher relevancy. We’re very excited about this next step in our journey as we continue to consolidate the market and enhance our offering to best serve property managers.” Yair Holtzer, Chief Revenue Officer of Guesty adds, “This acquisition creates a winning business proposition for all property managers – from individual hosts through to enterprise PMCs – to maximize visibility, distribution and engagement with their prospective audiences. In addition, all Rentals United and Guesty partners will benefit from a more robust platform.”
Established in 2015, Rentals United empowers vacation rental managers to market and manage properties across 60+ listing sites. Its channel manager integrates with 100+ technology providers, offering innovative tools for channel optimization. This includes an AI-powered data platform for property performance analysis and personalized recommendations. The company employs 100 people with offices in Spain and Poland.
“Our acquisition by Guesty, the clear software leader in the STR property management sector, is a testament to our own technical prowess and we believe it will fortify our business and our offering in the long term, for our customers, partners and employees,” said James Burrows, CEO, Rentals United. “We’ve known the Guesty leadership team for many years and we’re delighted to merge our world-class operations as the STR market continues to accelerate.”
Operating in over 80 countries, Guesty is the most advanced, comprehensive, and easy-to-use platform for STR management today. Guesty’s PMS (Property Management System) serves enterprise and SMB property managers as well as individual hosts, providing a full-stack solution with all the necessary tools to manage the entire rental journey, solving some of their biggest pain points. Integrating across all property management functions, the company’s robust software platform helps property managers advertise and manage their vacation or short-term rental properties, delivering unrivaled guest experiences through a highly intuitive user experience and open API capabilities.
This acquisition follows Guesty’s recent $130M Series F funding round led by leading global investment firm KKR. Since 2022, Guesty has acquired marketing distribution solution Staysense, hospitality software companies Kigo and Hirum, and YieldPlanet, a hotel-focused revenue and distribution management platform. Together with Rentals United, these assets elevate Guesty as the category-defining property management platform for the STR and hospitality industry.
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