AiPMS Now Available to Boutique Hotels
🏠 Hostaway, a vacation rental software company, has obtained a $365 million investment from General Atlantic with PSG Equity's participation. Since its 2015 inception by Marcus Räder, Saber Kordestanchi, and Mikko Nurminen, the company has grown to serve properties in over 90 countries with a workforce of 230 employees across 44 countries. The platform boasts 200+ marketplace partners and key API integrations. This marks Hostaway's largest transaction, set to fuel international growth, product enhancement, and AI advancements. The short-term rental sector, valued at $133 billion with a 12% CAGR over the last decade, comprises over 21 million properties worldwide. Hostaway aims to expand, particularly in France, Italy, and Spain, leveraging this investment.
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