Guesty

Guesty
Founded2013
FoundersAmiad and Koby Soto
Headquarters
Tel Aviv
,
Israel[1]
Key people
Amiad Soto (CEO)
Vered Raviv Schwarz (President & COO)
Servicesproperty management software
Websitewww.guesty.com

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]

References

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

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