Property management platform Guesty, which automates and streamlines all complex operational needs accompanying short-term rental management, has announced that it has acquired another leading property management software in MyVR.
According to Guesty, the deal “effectively makes the company the largest short-term rental property management platform worldwide”.
Guesty’s investment showcases the promise of 2021 as the short-term rental ecosystem – and travel as a whole – recovers from an unprecedented year of hurdles and adjusts to new consumer behavioural patterns, trends and expectations that are a direct result of the pandemic.
That includes the surge in upcoming bookings the company has witnessed due to overall pent-up demand to travel and a more robust user base of consumers now opting for private rentals over traditional hotel stays to avoid crowded common areas and benefit from the new reality that is blending how we work and live.