Guesty, a property management platform for the short-term rental and hospitality industry, has acquired hotel-focused revenue and distribution platform, YieldPlanet.
Unveiling a new Guesty Distribution Hub, the platform will add direct OTA connections with Hopper, Trip.com, Marriott Homes & Villas and Google’s Hotel & Vacation Rental Search Products, and will allow hospitality operators to manage a classic hotel repertoire, revenue and vacation rental offerings from one dashboard.
The YieldPlanet acquisition and launch of Guesty Distribution Hub comes on the heels of Guesty’s recent $170-million funding round from investors Apax Digital Funds, MSD Partners and Sixth Street Growth, with existing investors Viola Growth and Flashpoint also participating. The capital signals investor conﬁdence in the continued growth of the travel and alternative accommodation industry, and is an endorsement of Guesty’s pioneering technology, long-term strategy and position as market leader in the hospitality and property management software sector, the company reports.
“With PMCs 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,” said Yair Holtzer, VP, strategy, Guesty. “Guesty will offer direct integration with Hopper, Trip.com, Marriott Homes & Villas and Google’s suite of Travel Search products, joining our already impressive OTA integration with Airbnb, Booking.com, Vrbo, Expedia, Tripadvisor, Agoda and misterb&b. We will also maintain additional integrations through our valued partnerships. The product enhancements solidify Guesty’s status as the leading ﬂexible property management platform.”
Guesty Distribution Hub is the ﬁrst-ever fully holistic hospitality distribution solution, according to the company. Customers will now access hundreds of hotel and short-term rental distribution channels (Booking Engine, Metasearch, OTA and GDS), along with integrated ﬁnancial tools from one dashboard.
“Joining forces with Guesty marks an exciting new chapter for YieldPlanet, allowing us to strengthen and scale our revenue and channel management solutions,” said Claudio Limacher, CEO, YieldPlanet. “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.”