One month after raising
$170 million in a Series E round, property management platform Guesty has announced its acquisition of hotel-focused revenue and distribution platform YieldPlanet.
Financial terms of the deal have not been disclosed.
Guesty is also launching a new Distribution Hub, which will include
direct connections with Hopper, Trip.com, Marriott Homes & Villas and
Google’s hotel and vacation rental search products. Guesty already has integrations with Airbnb, Booking.com, Vrbo, Expedia, Tripadvisor, Agoda and Misterbnb.
The company says the Hub, and the integration of YieldPlanet’s
technology, will enable hospitality operators to manage traditional hotel
content, revenue and vacation rental offerings in one dashboard.
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“With PMCs (property management companies) competing for
diverse consumers and travel personas seeking every accommodation under the
sun, we are thrilled to offer additional distribution for our Guesty users
through direct integration of YieldPlanet and the formation of the Guesty
Distribution Hub,” says Yair Holtzer, vice president of strategy at Guesty.
Says Guesty co-founder and CEO Amiad Soto, “YieldPlanet’s
technology expertise, R&D team and hotel focus were a natural fit to join
the Guesty family and continue our long-term goal to become the one-stop shop
for the hospitality and short-term rental ecosystem.”
YieldPlanet provides revenue and distribution solutions for
more than 4,000 clients in more than 85 countries. Founded in 2009, it has offices in Spain, Switzerland and Poland. YieldPlanet CEO Claudio Limacher will
continue to serve in that role, operating the company semi-independently.
“Joining forces with Guesty marks an exciting new chapter for YieldPlanet, allowing us to strengthen and scale our revenue and channel management solutions,” Limacher says.
“We will continue to grow YieldPlanet and will now offer direct distribution from within Guesty’s platform, offering their clients exciting new opportunities to grow and expand their businesses.”
Marriott, Vacasa and others at The Phocuswright Conference 2022 in November.