{"id":22600,"date":"2024-05-28T21:11:58","date_gmt":"2024-05-28T18:11:58","guid":{"rendered":"https:\/\/bnbnews.gr\/uncategorized\/22600\/guesty-has-acquired-rentals-united\/"},"modified":"2024-10-02T08:24:20","modified_gmt":"2024-10-02T05:24:20","slug":"guesty-has-acquired-rentals-united","status":"publish","type":"post","link":"https:\/\/bnbnews.gr\/en\/suppliers\/22600\/guesty-has-acquired-rentals-united\/","title":{"rendered":"Guesty acquires Rentals United"},"content":{"rendered":"<p>Property management software (PMS) platform Guesty has announced that it has acquired short-term rental channel manager platform Rentals United. Following the transaction, Rentals United will retain its independence and continue to operate as a standalone business with its executive team leading its operations and growth.<\/p>\n<p>The move comes as a logical continuation of the integration of the Rentals United platform into Guesty over the years and in the general trend of acquisitions in the short-term rental technology sector. Afterall, \u00a0the combination of PMS and channel manager is essential for property managers and this acquisition shows the direction the market is taking as it matures.<\/p>\n<p>It is a move that is expected to create opportunities for both companies&#8217; clients to scale their businesses with sophisticated data-driven products, performance tools with artificial intelligence and an extensive distribution network.<\/p>\n<p>Amiad Soto, co-founder and CEO of Guesty, said: &#8220;We see this as a natural fit for two leading industry players. It creates a great synergy for STR and vacation rental managers. The combination of our technologically advanced offering, with Rentals United&#8217;s distribution capabilities will deliver both increased booking volume and more relevant bookings.&#8221;<\/p>\n<p>Yair Holtzer, chief revenue officer at Guesty, said: &#8220;This acquisition creates a profitable business proposition for all property managers &#8211; from individual hosts to management companies &#8211; to maximise visibility, distribution and engagement with their prospective audience. In addition, all Rentals United and Guesty partners will benefit from a more robust platform.&#8221;<\/p>\n<h2><strong>Guesty<\/strong><strong>: Finance and investment<\/strong><\/h2>\n<p>Just last month <a href=\"https:\/\/www.guesty.com\/\">Guesty<\/a> raised $<strong>130 million <\/strong>in a Series F funding round led by global investment firm KKR.<\/p>\n<p>Details of the transaction were not disclosed, as it appears the funding contributed to the acquisition of Rentals United. This is actually Guesty&#8217;s fifth acquisition since 2022, it was preceded by <strong>StaySense<\/strong>, a distribution solution, <strong>Kigo<\/strong> and <strong>Hirum <\/strong>software companies for the hospitality industry, and <strong>YieldPlanet<\/strong>, a revenue management and distribution platform focused on hotels.<\/p>\n<p>Prior to 2022 it had also acquired property management software (PMS) companies <strong>Your Porter<\/strong> and <strong>MyVR<\/strong>.<\/p>\n<p><span style=\"font-size: 14px; color: var(--c-contrast-800);\">Operating in more than 80 countries, Guesty&#8217;s PMS is designed to serve large and small property management companies as well as individual hosts, providing a comprehensive solution with all the necessary tools.<\/span><\/p>\n<h2><strong>The Rentals United<\/strong><\/h2>\n<p><a href=\"https:\/\/rentalsunited.com\/\">Rentals United<\/a> was founded in 2015 and provides property managers with the ability to distribute on more than 60 platforms. The company currently employs 100 people with offices in Spain and Poland.<\/p>\n<p>Its channel manager integrates with more than 100 technology providers, offering innovative tools for channel optimization. This includes an AI powered data platform\u00a0 to analyse each property&#8217;s performance and make personalised recommendations.<\/p>\n<p>Rentals United CEO <strong>James Burrows<\/strong> said: &#8220;Our acquisition by Guesty, the clear software leader in the STR property management sector, is a testament to our own technical capability. We believe it will strengthen our business and in the long term our offering to customers, partners and employees. We have known Guesty&#8217;s leadership team for many years and are pleased to merge our world-class operations as the STR market continues to accelerate.&#8221;<\/p>\n<div class=\"gsp_post_data\" \r\n\t            data-post_type=\"post\" \r\n\t            data-cat=\"suppliers\" \r\n\t            data-modified=\"120\"\r\n\t            data-created=\"1716930718\"\r\n\t            data-title=\"Guesty acquires Rentals United\" \r\n\t            data-home=\"https:\/\/bnbnews.gr\/en\/\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Property management software (PMS) platform Guesty has announced that it has acquired short-term rental channel manager platform Rentals United. Following the transaction, Rentals United will retain its independence and continue to operate as a standalone business with its executive team leading its operations and growth. The move comes as a logical continuation of the integration<\/p>\n","protected":false},"author":4,"featured_media":21435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[516],"tags":[556,601,680],"class_list":["post-22600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-suppliers","tag-international","tag-businesses","tag-acquisitions"],"_bunyad_layout_template":null,"_bunyad_layout_spacious":null,"_bunyad_sponsor_name":null,"_bunyad_sponsor_logo":null,"_bunyad_sponsor_url":null,"_bunyad_sub_title":null,"_yoast_wpseo_metadesc":"Software pms platform, Guesty, has announced that it has acquired channel manager platform for short term rental Rentals United","_yoast_wpseo_focuskw":"Guesty Rentals United","_yoast_wpseo_title":"%%title%% %%page%%","_bunyad_layout_style":null,"yoast_head":"<!-- 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