Guestthe leading property management platform for the short-term rental and hospitality industry, has acquired Spain-based vacation rental software company, Kygoand Australian property management software company, HiRUM. Guesty will welcome the existing Kigo and HiRUM teams to the Guesty family, expanding its global reach, increasing R&D resources and product advancement for customers on all three platforms. The mergers continue Guesty’s long-term growth vision, expanding further into new markets and offering a complete solution to manage the complex needs of property managers and hospitality professionals across all category segments, wherever they operate.
Kigo and HiRUM are bringing thousands of customers to the Guesty family of product solutions representing short-term rentals, vacation rentals and hospitality listings within the booming tourism sector of Europe and Australia. United in the same mission, all three companies work to standardize and advance a best-in-class software experience to simplify property management and operations for property management companies (PMCs) and hospitality operators of all sizes. Together with Kigo and HiRUM, Guesty expands its flexible inventory management capabilities, allowing operators to handle traditional hotels, aparthotels, vacation homes and short-term rentals from a single dashboard.
“Guesty, Kigo and HiRUM see consolidation as the way forward in such a dynamic space and fragmented industry,” said Guesty co-founder and CEO, Amiad Soto. “The continued advancement of property management solutions, technologies and services requires significant resources and financial investment that can only be achieved by bringing together the industry’s best teams and regional leaders.”
“As our industry moves forward, we recognize Guesty’s market leadership and winning technology,” said Mikel Ferrer, Kigo’s general manager. “This move allows us to deliver product innovation much faster, while driving industry standardization and deepening our business partnerships across the ecosystem. Through this acquisition, Guesty also strengthens its local presence in Europe, leveraging Kigo’s assets and team of experts.” Mr. Ferrer will continue to serve in his role as General Manager of Kigo, a Guesty company.
HiRUM Software Solutions is a renowned name in Australia’s tourism sector, headquartered in Gold Coast, Queensland. The company supplies small and large hotel operators and counts prestigious brands as its loyal customers, including Palazzo Versace Gold Coast, Wyndham Hotels & Resorts, Ramada by Wyndham and Grand Mercure Hotels & Resorts.
“For more than two decades, we’ve helped Australia’s leading hospitality brands streamline their operational processes, maximize revenue and grow the local tourism sector,” said Sylvia and Philip Johnston, co-founders and co-CEOs of HiRUM Software Solutions. “We are excited to join forces with Guesty and work in tandem to power the next generation of hospitality and property management technology. We will continue to play our part with HiRUM to ensure our customers receive best-in-class service.”
“The merger of Guesty and HiRUM marks an important milestone in Australian hospitality and a new era of technological advancement,” said Yoav Turrell, Guesty’s managing director for APAC. “HiRUM’s heritage, experience and knowledge in the local market is a perfect match with Guesty’s global perspective. Together, we will drive forward the next era of property management solutions spanning the entire ecosystem, from traditional hotels to vacation rentals and short-term rentals. The timing couldn’t be better as Australia’s tourism market is thriving in full recovery mode.”
The acquisitions follow Guesty’s latest funding round of $170 million last month, from top investors Apax Digital Funds, MSD Partners and Sixth Street Growth, with existing investors Viola Growth and Flashpoint also participating. With a current global employee base of more than 600 and growing, Guesty now welcomes Kigo and HiRUM teams in the United States, Spain, the Philippines and Australia. As a whole, Guesty is increasing its regional market share, expanding its technology capabilities and services, and further cementing its leadership position in its category.
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