Guesty, an Israeli startup that offers a property management platform for the short-term rental and hospitality industry, has acquired two non-Israeli companies: Spanish vacation rental software company Kigo, and Australian property management software company HiRUM. The purchase prices were not revealed.
Well, Guesty has plenty of cash on hand for such purchases, whatever the price. The acquisitions come just one month after Guesty raised $170 Million in a Series E funding round. And only two weeks ago Guesty bought out YieldPlanet, a hotel-focused revenue and distribution management platform.
Guesty said that Kigo and HiRUM bring thousands of customers to Guesty, representing short-term rentals, vacation villas, apartment-hotels, and diverse hospitality listings within Europe and Australia’s thriving tourism sector. “United in a shared mission,” said the company, ”we have come together to standardize and advance the best-in-class software experience for simplifying property management and operations for PMCs and hospitality operators of all sizes, from traditional hotel listings, to holiday homes, to short-term rentals.”
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Kigo allows vacation rental managers and owners to spend less time managing more properties. Kigo describes itself as a web-based, scalable solution that provides vacation rental managers with all of the critical features they need in one, easy-to-use solution, including reservation and booking management, secure online payments, revenue management, a listing channel manager, vacation rental websites, marketing services, and eSignature.
HiRUM Software Solutions is a property management software company that provides hotel and accommodation managers with a “complete end-to-end software solution, with highly esteemed Property Management Software, Trust Accounting Software and Channel Management Software. For over 20 years, HiRUM has helped small and large hospitality business streamline operational processes and maximise revenue.”
Co-founded in 2013 by twin brothers Amiad and Koby Soto, Guesty offers the first property management platform for the short-term, vacation rental and hospitality industry. Serving everyone from hosts to hotel brands, customers utilize Guesty’s platform and solutions to centralize their reservations, guest communication, operational tasks, cleaning management and more across all the major booking OTA channels, including Airbnb, Vrbo, Booking.com, Tripadvisor, Expedia, Agoda, direct booking websites and more.
Customers use Guesty to centralize their reservations across all major booking channels, including Airbnb, Vrbo, Expedia and Booking.com. The platform automates and expedites guest communications, reviews, cleaning and other operational tasks, while also facilitating direct bookings, resource and revenue management, smooth payments systems, accounting and damage protection.