Guesty Explained

Guesty
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Founded:2013
Founders:Amiad and Koby Soto
Hq Location City:Tel Aviv
Hq Location Country:Israel[1]
Areas Served:-->
Key People:Amiad Soto (CEO)
Vered Raviv Schwarz (President & COO)
Services:property management software
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Profit Year:-->
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Guesty is a property management software. It is used by property managers to manage short-term rentals listed on multiple platforms such as Airbnb, Vrbo, and Booking.com.

History

Guesty was founded in 2013 under the name SuperHost by twin brothers Amiad and Koby Soto.[2] The idea came from renting out their properties on Airbnb and spending large amounts of time dealing with guest-related issues.[3]

The company was rebranded to Guesty in 2014[4] and launched as a service for homeowners to get their properties ready for listing on Airbnb, including help with subsequent maintenance such as cleaning and laundry.[3] It transitioned into a software service to help property managers deal with issues such as guest communication and task management.[4] [5]

The company is a Y Combinator graduate.[6] In 2021, it acquired MyVR and Your Porter App, both property management software companies,[7] and has raised a total of $110 million in funding from investors such as Apax Digital Fund, Viola Growth, Buran VC, Magma Venture Partners, TLV Partners and Vertex Ventures Israel.[6] [8]

Product overview

Guesty describes itself as an end-to-end platform for property managers and property management companies.[9] It provides cloud-based tools that help with things like tracking guest check-ins and revenue of each property.[5] It integrates with short term rental websites such as Airbnb, Booking.com, and Vrbo to manage all a host's properties on a single platform.[10] The company generates revenue by charging a percentage of the booking fee received from each property,[11] or charges users a fixed fee per property each month.[12]

External links

Notes and References

  1. News: Higgins . Michelle . Taking the Work Out of Short-Term Rentals . The New York Times . 19 June 2015.
  2. News: Perez . Sarah . Guesty, A Property Management Service for Airbnb Hosts (And Soon, More), Raises $1.5M . TechCrunch . 16 June 2014.
  3. News: Lunden . Ingrid . Guesty, a tech platform for property managers on Airbnb and other rental sites, raises $35M . TechCrunch . 21 March 2019.
  4. News: Tilin . Andrew . Welcome, Guesty: A Company That Helps Manage and Maintain Airbnb Properties . Entrepreneur . 2 November 2014.
  5. News: Lynley . Matthew . Vacation rental management service Guesty raises $19.75M . TechCrunch . 24 August 2018.
  6. News: Escher . Anna . Guesty raises $3M to be a Salesforce for property managers . TechCrunch . 9 May 2017.
  7. News: Thomas . Jessica . We're All Ready for Vacay: Summer Rental Bookings are Outpacing Pre-Covid Numbers . 22 June 2021 . Entrepreneur . 19 April 2021.
  8. News: Ha . Anthony . Property management startup Guesty raises $50M and acquires competitor Your Porter . 22 June 2021 . TechCrunch . 27 April 2021.
  9. News: Sawers . Paul . Guesty raises $35 million to help property managers oversee all their rentals on Airbnb and more . Venture Beat . 21 March 2019.
  10. News: מנכ"ל Guesty מלונות ודירות נופש מציעים חוויות שונות - שניהם יכולים להרוויח . Calcalist . 18 July 2018 . Hebrew.
  11. News: Miller . Jenny . The Sharing Economy Goes Next-Level . Fast Company . 3 February 2015.
  12. Web site: Guesty launches in Australia as Airbnb and short stays boom . Sydney Morning Herald.