Vacation rental management service Guesty raises $19.75M

TechCrunch

 

As the vacation rental sector heats up — with Airbnb  making even more moves to expand its portfolio of services to include multiple tiers of rentals — there’s going to be more and more of a need for people who manage a large number of properties.

Guesty is one service that aims to do that, and today a filing with the Securities and Exchange Commissionnotes that it’s raised $19.75 million in a new Series B round of financing. While Airbnb may be the dominant home vacation rental service, there are others like VRBO, and managing those properties across multiple different platforms could require handling all of that information in something more analog like an Excel sheet. It’s a kind of CRM tool for property management, ranging from tracking guest check-ins to the amount of revenue a property owner. Guesty also helps property owners by providing tools to manage operations beyond just the tracking.

Airbnb earlier this year started rolling out more tiers of home categories that are geared toward different kinds of travelers. That included high-end tiers called Airbnb Plus and Beyond by Airbnb. While these new categories potentially offer a more granular set of choices for consumers, it might make managing those properties a little more difficult — especially if it’s across multiple different services like Airbnb and VRBO, or even more analog channels. Tools like Guesty can help owners of multiple different properties (that might span multiple tiers) turn those homes into an actual business.

There are also plenty of platforms that are looking for additional services for people managing multiple properties on vacation rental sites. There are startups like Beyond Pricing, which look to help property managers figure out how to best price their homes. Airbnb has its own pricing algorithms, but there’s clear demand for tools that cross multiple platforms. Guesty was party of Y Combinator’s winter 2014 class, and raised $3 million in May last year.

While Airbnb continues to try to expand into new categories and offer homeowners a way to rent out their homes — or for owners of multiple properties to run a side business — it’s not the only approach to vacation rentals. One startup, Selina, is looking to convert existing properties into kinds of campuses that cater to different tiers of travelers, ranging from travelers looking to stay in a hostel to ones that are willing to pay for their own rooms. Selina earlier this month said it raised $95 million. Selina is more of a hotel-ish model as it expands from geography to geography, but it also shows that there’s demand for an experience that can cater to a wide variety of guests.

 

Read the Source.

Vacation rental management service Guesty raises $19.75M
5 (100%) 4 Votes

If you’re interested in learning more about property management and discovering the many ways Guesty's platform can help your business, we invite you to a free one-on-one session with one of our experts.

Gay-Friendly Short-Term Rentals

Short-Term Rentals for the Gay Community: Guesty Integrates With misterb&b

As a short-term rental property manager, you know that the more platforms you list on, the more bookings you’re likely…
CONTINUE READING
Airbnb Instant Book

Why You Should Enable ‘Instant Book’ on Your Airbnb Listings

Want to double your bookings? We’re betting you’re not opposed to the idea. If you’re interested in getting more guests…
CONTINUE READING
Bleisure Travel

How Short-Term Property Managers Can Take Advantage of the Growing ‘Bleisure’ Trend

Here at Guesty we’re often advising you to tailor your services to the specific kind of guest you’re expecting. There…
CONTINUE READING
Guest Communication : Guest Inquiries

Guesty’s 24/7 Guest Communications Team Reveals the 9 Most Common Guest Inquiries

Property management sure does keep you on your toes, especially when it comes to communicating with guests. Can you even…
CONTINUE READING