Today we are incredibly excited to announce that Guesty has acquired MyVR, a fellow Y Combinator alum and successful property management software solution in this space that shares our vision of innovating the short-term rental ecosystem.
Our investment highlights 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 behavioral patterns, trends and expectations that are a direct result of the pandemic. This includes the surge in upcoming bookings we have witnessed due to widespread 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.
Guesty’s decision to acquire MyVR was made after getting to know their strong team and cutting-edge product, while evaluating the ways in which we can power our growth and bring more standardization to this dynamic ecosystem as alternative accommodation continues to go mainstream.
If you are a Guesty or MyVR customer reading this, note that both platforms will continue to operate independently and customers of both companies will experience no changes to the product and services they are currently benefiting from, but will enjoy access to a larger team composed of the brightest minds working on top-notch products, services and technologies to power your growth.
We will be welcoming the MyVR team into the Guesty family and can’t wait to embark on this next chapter together, transforming the short-term rental industry by optimizing smart property management across various market segments worldwide.
The future looks bright. There is no question that travel is recovering and our growing team will be there every step of the way continuing to power the diverse businesses of professional hosts and property management companies pioneering the next generation of alternative accommodation across the globe.
We are incredibly excited for what’s to come. Thank you for being a part of our journey.
Cheers to a great 2021!
Amiad Soto is co-founder and CEO of Guesty, one of the world’s largest property management platforms. After launching the company in 2013 with his twin brother, Amiad grew Guesty from a Y Combinator funded startup to an international enterprise headquartered in Tel Aviv with 15 global offices and 600+ employees worldwide. He is also a pilot, a scuba diver and a skydiver.
