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        Guesty, an Israel-based accommodation management software provider, has acquired Rentals United, a distribution platform for property managers. Financial terms of the acquisition remained undisclosed.
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        Following the acquisition, Guesty plans to merge its solutions with Rentals United's distribution capabilities. This partnership is predicted to yield higher booking volumes and relevance.
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        Rentals United, established in 2015, enables short-term rental managers to manage and market their listings across more than 60 sites via the use of their platform. The company also has integrations with 100+ technology providers that aid in optimizing their service. Rentals United has a workforce of around 100 and is headquartered in Spain and Poland.
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    <a href="https://www.phocuswire.com/Guesty-acquires-Rentals-United-short-term-rentals-str-property-management">
      PhocusWire
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Travel Tech

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 <p>Guesty, a software provider based in Israel that offers accommodation management services, has recently purchased Rentals United, a distribution platform for property managers. The financial details related to this purchase were not disclosed. </p>
 <p>After this acquisition, it is Guesty's plan to combine its solutions with the distribution capabilities of Rentals United. It is anticipated that this partnership will result in higher booking volumes and increased relevance.</p>
 <p>Founded in 2015, Rentals United provides a platform for short-term rental managers to manage and market their property listings on over 60 different sites. The company has established integrations with over 100 technology providers, enhancing their service offerings. Rentals United is based in Spain and Poland and employ approximately 100 people. </p>
 
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Guesty acquires Rentals United to expand property management offerings

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 <p>Airbnb is launching new updates for group booking and a new category named "Icons." The Icons category offers curated experiences by notable figures in various fields and can be accessed through the app. It will present unique properties such as the X-Men mansion and Prince’s Purple Rain House. However, availability will be limited, and users must apply to book these experiences.&nbsp;</p>

 <p>The update also introduces a feature that aids group bookings, allowing users to make shared wishlists, append properties to the lists, comment on them and vote. A new message tab facilitates communication between travellers and the host.&nbsp;</p>

 <p>Furthermore, Airbnb is incorporating AI to provide hosts with automatic response capabilities. Customer support is streamlined using AI by routing customers to the appropriate agents or providing AI-generated responses for certain inquiries. An earnings dashboard is also being released for hosts as part of the automation efforts.&nbsp;</p>

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Airbnb introduces group booking features and new 'Icons' experience category

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 <p>Spotnana and JTB Business Travel have formed a partnership to enhance JTB's booking process via an upgraded platform. JTB will leverage Spotnana's cloud-based system in a bid to modernize and streamline its business travel services. The partnership is also poised to provide benefits to JTB's strategic partners, including Goodwings.</p>
 
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Spotnana partners with JTB Business Travel for improved booking platform

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<p>Getaround has secured USD 50 million in funding through the expansion of its existing debt facility with Mudrick Capital Management. The first tranche of USD 20 million was drawn down on April 29, 2024.</p>

<p>The additional capital will be used to support the company’s long-term growth, establish a more sustainable business model, drive strategic growth and profitability plans. It will also fund operations beyond 2024. </p>

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Getaround raises USD 50 million to support long-term business development

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 <p>RedAwning, a provider of guest experience and revenue management tools for businesses, has acquired a startup named Awning which specializes in facilitating the purchase and management of short-term rentals. The financial details regarding the acquisition have not been disclosed.</p>
 <p>Post acquisition, RedAwning intends to extend its platform functionality to offer homeowners an option for full-service management remotely. The company plans to utilize Awning's expertise to supplement its ongoing marketing and distribution services. The transition for Awning's existing clients is expected to be seamless as the Awning team has also been hired by RedAwning. </p>
 <p>Awning operates as a real estate investing firm that assists property owners and investors with the acquisition and management of short-term rentals. This includes supportive services like site selection, assistance with renovations and furnishing, and comprehensive management and guest services.&nbsp;</p>
 
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RedAwning acquires Awning to expand short-term rental management services

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 <p>Profitroom, a firm that aids hotels in securing direct bookings, has sold a 65% stake in its business to MCI Capital for EUR 67 million (USD 71 million). Despite this, the founders will retain 35% ownership and continue leading the company.</p>
 <p>Profitroom sought this sale to accrue the necessary funds for expanding its operations across Europe, Africa, and Asia.</p>
 <p>As a B2B service provider, Profitroom offers revenue management tools for both individual and group hotels. It features a booking engine, channel manager, and digital marketing services among its key services. A central reservation system (CRS) is also provided for hotel groups.</p>
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MCI Capital acquires majority stake in Profitroom for EUR 67 million

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 <p>Exoticca, a Spanish company offering multi-day tour packages, has secured a EUR 4 million (~USD 4.2 million) funding from BBVA Spark, a business entity of the global financial organization, BBVA.</p>
 <p>This financial backing will support Exoticca's expansion in Latin America. The company has marked plans for entering five more regional markets by 2024.</p>
 <p>Exoticca operates online and provides travel packages and tours to worldwide destinations. The company provides customer support via phone, web forms, and an application dedicated to travelers. This Traveler's App delivers real-time itinerary updates with 24/7 support.</p>

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Exoticca raises EUR 4 million for market expansion

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<p>Travel technology firm DerbySoft has procured PKFare, a China-based global B2B travel marketplace. The terms of the deal remain undisclosed. DerbySoft plans to integrate PKFare into its own platform to augment its travel commerce capacity. Despite this, both firms will continue to operate their businesses separately, although they will collaborate on certain corporate functions and technological resources.</p>

<p>Established in 2014, PKFare is an international travel trade marketplace that provides air tickets as well as hospitality and destination products. It boasts a global presence, including regions such as North America, Europe, the Middle East, and Asia-Pacific. The company offers access to inventory from over 600 airlines and 650,000 hotels across over 100 countries.</p>

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DerbySoft acquires B2B travel marketplace PKFare to accelerate travel commerce

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<p>An accommodation management software provider based in Israel, Guesty, recently secured funding of $130 million. The Series F funding round was led by KKR and had participation from Apax Funds, Inovia, BDT &amp; MSD Partners, and Sixth Street.</p>
<p>The newly raised capital will be used to expand the current platform of Guesty. The expansion plans include focusing more on the one-stop-shop concept, entering the medium-term rental space for individuals who require accommodations for longer durations, and looking for potential acquisition opportunities.</p>

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Guesty raises USD 130 million in Series F funding to fuel platform expansion and acquisitions

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<p>Mesh Payments has launched a new guest travel solution to simplify booking and reimbursement procedures for contractors, candidates, and guests. This solution includes several features. First, it enables users to plan their own travel details and eliminates the requirement for expense reimbursements. Secondly, it not only supports travel management companies preferred by customers but also accommodates regional preferences. Thirdly, it integrates corporate cards, implements travel policies automatically, and utilizes AI-powered expense management tools. </p>
<p>This new solution, according to Mesh Payments, will ultimately enhance the guest and organizer experiences by significantly reducing the need for extensive communication, expense reporting, and approvals. </p>
 
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