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guests raised $130 million in Series F funding to expand the capabilities and global reach of its property management software platform for the short-term rental (STR) and hospitality industries.
The funding comes as demand for STRs has been growing faster than hotels since 2022, the company said in a press release on Wednesday (April 10). Press release.
“The number of people seeking short-term rentals continues to surge, and our platform remains an industry leader,” said Guesty co-founder and CEO. Amiad Soto said the press release. “As we set out to create the industry’s first smart property management platform, we will continue to develop its functionality and artificial intelligence capabilities to provide our customers with first-to-market functionality and best-in-class support.”
Guesty operates in 80 countries and serves a variety of STR hosts, including enterprises, small and medium-sized businesses (SMBs) and individuals, according to a press release. Its platform helps these landlords market their properties and manage the entire leasing process.
With the new funding, the company plans to expand the capabilities of its platform to accommodate mid-term rentals, corporate housing and full-service lodging, the release said.
The company also intends to continue its global expansion, particularly in the United States, France, Germany, Spain and Australia, according to the release.
Guesty’s latest round of funding was raised by KKRand Inovia Capital Join this round and existing investors Apaishen Fund, BDT partners with MSD and 6th street extended their support, according to a press release.
In another development in the field, Airbnb February said it added new features to its city gatewayproviding local governments and tourism organizations with insights into tourism trends in their communities.
Newly added features include helping users connect with local Airbnb host communities and request Responsible page hosting to easily comply with local regulations STR rule.
in January, vacation rental hotel company develop Indicates cooperation with payment networks confirm Offer travelers the option to pay by their time.
Affirm is the exclusive pay-per-hour partner of Evolve, which has more than 30,000 properties in 750 markets.
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