Monday, January 13, 2025
HomeTech for BusinessTravel is back: Hostaway raises $365M at a $925M valuation

Travel is back: Hostaway raises $365M at a $925M valuation

The tourism and travel industries — after several tough years that included not just a global health pandemic but economic and geopolitical upheaval — are finally back on track, expected to make a “full recovery” to pre-pandemic levels of activity, the UN said earlier this month. As an indicator of that, Hostaway, one of the bigger software startups in the space, is announcing a giant round of funding to double down on growth. 

The company develops software for vacation rental operators to manage listings, bookings and communication across various third-party sites like Airbnb and VRBO; and it also operates a marketplace of around 200 related services. Now, with revenues and property numbers growing at a rate of 10x or more, Hostaway has closed a round of $365 million at a post-money valuation of $925 million to expand both of these.

New investor General Atlantic is leading the round, with previous backer PSG Equity also participating. General Atlantic is a notable name to have on the cap table: among its many investments in the travel sector, perhaps most importantly the company was a prominent backer of Airbnb when it was still a startup.

Marcus Räder, the CEO of Hostaway, co-founded the company Saber Kordestanchi (COO) and Mikko Nurminen (CFO), borne out of what the three saw as an opportunity to build a big company in this space, providing software to the property rental market, to match the massive growth of Airbnb, VRBO and the others in the space. 

As they viewed it, while all of these platforms provided a handy route to customers, the backend of managing across those platforms was very fragmented: that was Hostaway’s focus. To better understand what was needed, the founders set up their own properties.

They spent their first years bootstrapped, and getting rejected by unconvinced investors when they did try to raise money. 

That all changed when Hostaway raised its first big round: $170 million from PSG in 2023.

“It sent a shock wave through the industry,” said Räder. “It sent a very strong message to all the competition out there. There’s now two big players in this field, and if you’re not one of them…We are in the right place with the right positioning at the right time.”

Räder still practices what he preaches. He not only lists multiple properties on the platform himself, but he spends a lot of time travelling around with his young family, living the digital nomad life, speaking to TechCrunch while in Paris. More widely, the company is officially based in Toronto but describes itself as a “distributed” workplace, with 230 employees across around 45 countries.

While Hostaway does not disclose its total number of users today, Räder said that growth has been “more than 10x” since 2023. At a most conservative estimate, that would indicate that there are now around 1 million properties on the platform, since there were 100,000 on it previously.

This is still just a small part of the overall market, however, which is estimated to now total some 21 million vacation rentals worldwide. And with 1.1 billion tourists travelling in the first nine months of 2024 — according to UN figures — you could argue that even the 21 million figure is just the tip of the iceberg for the bigger potential in this space.

From listings to smart locks

To that end, Räder said that the funding will be used across a variety of areas. 

In terms of technology, Hostaway’s basic capability is to let users manage rentals across multiple marketplaces — an area where it competes against the likes of the equally highly-capitalized Guesty and others. 

Alongside that, it has built tools to manage dynamic pricing that use analytics to change pricing based, for example, on wider demand, season, or what comparable properties are going for. Now, it will be using more AI to expand how all of that works for even more granular and personalized results and predictive insights. Given how many images of imaginary homes are now being generated by AI engines these days, the bar will be even higher for owners of actual properties to deliver experiences that can still catch people’s eyes without disappointing them upon arrival.

Beyond this, Hostaway also been delving into a wider range of tech for hosts, including smart locks and insurance, which are fuelled variously by partnerships and M&A. It will be doing more of that to expand its reach further. 

Hostaway’s marketplace is very interesting in that context. As with Amazon’s marketplace, this becomes a product sandbox that Hostaway can use both to give customers a wider selection of services to keep them on its platform, as well as a testing bed and feedback generator to figure out what it is that its customers are most interested in at any given moment, to figure out what it should be doing next itself. 

“Significant tail winds” is the phrase used to describe the company by Raph Osnoss, the MD at General Atlantic who led the investment in Hostaway. He believes that despite the huge ambitions of online travel agencies (OTAs) like Booking, Expedia (which owns VRBO), and Airbnb, there is still an area that is not touched by any of them, which Hostaway is addressing. 

“The short term rental industry is inherently a very fast-growing industry by virtue of people’s preferences,” he said. But with more supply coming online, inevitably there will need to be more “professionalization” coming into the frame, he said. 

“OTAs cannot serve the property manager from end to end. If you’re like a single property owner, you might be able to get away with just listing it on an Airbnb. But once you’re a professional property manager that’s managing a portfolio of properties, the way that you deliver value to those properties is being able to list them across multiple OTAs seamlessly, through an API, something that Hostaway facilitates, where you can have a direct relationship with the renter that doesn’t necessarily go through the OTAs.” Plus, he said, Hostaway “is a huge driver of volume to the OTAs, and the OTAs value them for that.”

Halo, sobat pengemar slots pernahkah mendengar semboyan “raja slot? jika belum, bersiaplah jatuh hati sama program ini. slot gacor adalah mesin slots yang selalu kasih win. Yup, slot-slot ini bisa dibilang adalah jagoannya tuk bawa come back cuan. tapi, cemana sih caranya nemuin slot demo yang benar? Santai Bro, kita beri santai saja di tempat ini

Game tergaco saat ini satu-satunya di Indonesia yaitu pasti menyediakan return on Investment terbesar

Daftarkanlah hanya di:

Informasi mengenai KING SLOT, Segera Daftar Bersama king selot terbaik dan terpercaya no satu di Indonesia. Boleh mendaftar melalui sini king slot serta memberikan hasil kembali yang paling tinggi saat sekarang ini hanyalah KING SLOT atau Raja slot paling gacor, gilak dan gaco saat sekarang di Indonesia melalui program return tinggi di kingselot serta pg king slot

slot demo gacor

slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun demo slot gacor

akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun slot demo gacor

akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun demo slot pragmatic

akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun slot demo pragmatic

akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun slot demo

akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

akun demo slot

akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama kdwapp.com

slot demo gacor

slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun demo slot gacor

akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun slot demo gacor

akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun demo slot pragmatic

akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun slot demo pragmatic

akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun slot demo

akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

akun demo slot

akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama jebswagstore.com

slot demo gacor

slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun demo slot gacor

akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun slot demo gacor

akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun demo slot pragmatic

akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun slot demo pragmatic

akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun slot demo

akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

akun demo slot

akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama demoslotgacor.pro

slot demo gacor

slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun demo slot gacor

akun demo slot gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun slot demo gacor

akun slot demo gacor permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun demo slot pragmatic

akun demo slot pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun slot demo pragmatic

akun slot demo pragmatic permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun slot demo

akun slot demo permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

akun demo slot

akun demo slot permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

situs slot terbaru

situs slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

slot terbaru

slot terbaru permainan paling top dan garansi imbal balik hasil besar bersama situsslotterbaru.net

sewaapartemen permainan paling top dan garansi imbal balik hasil besar bersama sewaapartemen.org

pipapvc permainan paling top dan garansi imbal balik hasil besar bersama pipapvc.org

pialaeropa2028 permainan paling top dan garansi imbal balik hasil besar bersama pialaeropa2028.net

pialadunia2026 permainan paling top dan garansi imbal balik hasil besar bersama pialadunia2026.asia

bahanbangunan permainan paling top dan garansi imbal balik hasil besar bersama bahanbangunan.org

gemini999 permainan paling top dan garansi imbal balik hasil besar bersama gemini999.org

havana888 permainan paling top dan garansi imbal balik hasil besar bersama havana888.net

indonesia88 permainan paling top dan garansi imbal balik hasil besar bersama indonesia88.info

inspirasi permainan paling top dan garansi imbal balik hasil besar bersama inspirasi.info

jokiwin88 permainan paling top dan garansi imbal balik hasil besar bersama jokiwin88.org

oli88 permainan paling top dan garansi imbal balik hasil besar bersama oli88.org

situs88 permainan paling top dan garansi imbal balik hasil besar bersama situs88.asia

transfermarkt88 permainan paling top dan garansi imbal balik hasil besar bersama transfermarkt88.com

rossi46 permainan paling top dan garansi imbal balik hasil besar bersama rossi46.com

pecco88 permainan paling top dan garansi imbal balik hasil besar bersama pecco88.com

pecco permainan paling top dan garansi imbal balik hasil besar bersama pecco.asia

pangkas permainan paling top dan garansi imbal balik hasil besar bersama pangkas.net

facebook88 permainan paling top dan garansi imbal balik hasil besar bersama facebook88.com

depo88 permainan paling top dan garansi imbal balik hasil besar bersama depo88.asia

bajaringan88 permainan paling top dan garansi imbal balik hasil besar bersama bajaringan88.com

baja ringan permainan paling top dan garansi imbal balik hasil besar bersama bajaringan.asia

tradingview88 permainan paling top dan garansi imbal balik hasil besar bersama tradingview88.com

trading88 permainan paling top dan garansi imbal balik hasil besar bersama trading88.org

tokopedia88 permainan paling top dan garansi imbal balik hasil besar bersama tokopedia88.net

kualifikasi permainan paling top dan garansi imbal balik hasil besar bersama kualifikasi.net

grosirboneka permainan paling top dan garansi imbal balik hasil besar bersama grosirboneka.net

situsgacor permainan paling top dan garansi imbal balik hasil besar bersama situsgacor.news

prediksi88 permainan paling top dan garansi imbal balik hasil besar bersama prediksi88.biz

keramat88 permainan paling top dan garansi imbal balik hasil besar bersama keramat88.biz

cnn88 permainan paling top dan garansi imbal balik hasil besar bersama cnn88.asia

cnbc88 permainan paling top dan garansi imbal balik hasil besar bersama cnbc88.com

bloomberg88 permainan paling top dan garansi imbal balik hasil besar bersama bloomberg88.com

antibocor88 permainan paling top dan garansi imbal balik hasil besar bersama antibocor88.com

buku88 permainan paling top dan garansi imbal balik hasil besar bersama buku88.org

dukun88 permainan paling top dan garansi imbal balik hasil besar bersama dukun88.info

indodax88 permainan paling top dan garansi imbal balik hasil besar bersama indodax88.net

investing88 permainan paling top dan garansi imbal balik hasil besar bersama investing88.net

makanan88 permainan paling top dan garansi imbal balik hasil besar bersama makanan88.net

pakaian88 permainan paling top dan garansi imbal balik hasil besar bersama pakaian88.com

rambo88 permainan paling top dan garansi imbal balik hasil besar bersama rambo88.info

santet88 permainan paling top dan garansi imbal balik hasil besar bersama santet88.net

sekolah88 permainan paling top dan garansi imbal balik hasil besar bersama sekolah88.org

uno88 permainan paling top dan garansi imbal balik hasil besar bersama uno88.info

starlink88 permainan paling top dan garansi imbal balik hasil besar bersama starlink88.org

solitaire88 permainan paling top dan garansi imbal balik hasil besar bersama solitaire88.net

roblox88 permainan paling top dan garansi imbal balik hasil besar bersama roblox88.org

pubg88 permainan paling top dan garansi imbal balik hasil besar bersama pubg88.info

motogp88 permainan paling top dan garansi imbal balik hasil besar bersama motogp88.net

motivasi88 permainan paling top dan garansi imbal balik hasil besar bersama motivasi88.com

mobilelegends88 permainan paling top dan garansi imbal balik hasil besar bersama mobilelegends88.com

ludoking permainan paling top dan garansi imbal balik hasil besar bersama ludoking.asia

kucing88 permainan paling top dan garansi imbal balik hasil besar bersama kucing88.asia

kucing permainan paling top dan garansi imbal balik hasil besar bersama kucing.info

klasmen88 permainan paling top dan garansi imbal balik hasil besar bersama klasmen88.com

imdb88 permainan paling top dan garansi imbal balik hasil besar bersama imdb88.net

higgsdomino permainan paling top dan garansi imbal balik hasil besar bersama higgsdomino.biz

gmail88 permainan paling top dan garansi imbal balik hasil besar bersama gmail88.org

gmail88 permainan paling top dan garansi imbal balik hasil besar bersama gmail88.net

chess88 permainan paling top dan garansi imbal balik hasil besar bersama chess88.info

callofduty88 permainan paling top dan garansi imbal balik hasil besar bersama callofduty88.com

semen88 permainan paling top dan garansi imbal balik hasil besar bersama semen88.com

seluler88 permainan paling top dan garansi imbal balik hasil besar bersama seluler88.com

ram88 permainan paling top dan garansi imbal balik hasil besar bersama ram88.net

pasir88 permainan paling top dan garansi imbal balik hasil besar bersama pasir88.asia

papan88 permainan paling top dan garansi imbal balik hasil besar bersama papan88.info

komputer88 permainan paling top dan garansi imbal balik hasil besar bersama komputer88.net

kayu88 permainan paling top dan garansi imbal balik hasil besar bersama kayu88.info

kabel88 permainan paling top dan garansi imbal balik hasil besar bersama kabel88.net

gaming88 permainan paling top dan garansi imbal balik hasil besar bersama gaming88.asia

games88 permainan paling top dan garansi imbal balik hasil besar bersama games88.info

beton88 permainan paling top dan garansi imbal balik hasil besar bersama beton88.lat

teknis88 permainan paling top dan garansi imbal balik hasil besar bersama teknis88.com

sarana88 permainan paling top dan garansi imbal balik hasil besar bersama sarana88.info

arena88 permainan paling top dan garansi imbal balik hasil besar bersama arena88.asia

viral888 permainan paling top dan garansi imbal balik hasil besar bersama viral888.asia

usdt88 permainan paling top dan garansi imbal balik hasil besar bersama usdt88.net

uang88 permainan paling top dan garansi imbal balik hasil besar bersama uang88.asia

twitter88 permainan paling top dan garansi imbal balik hasil besar bersama twitter88.asia

tahanlama88 permainan paling top dan garansi imbal balik hasil besar bersama tahanlama88.com

suka88 permainan paling top dan garansi imbal balik hasil besar bersama suka88.biz

sekali88 permainan paling top dan garansi imbal balik hasil besar bersama sekali88.org

plafonpvc permainan paling top dan garansi imbal balik hasil besar bersama plafonpvc.net

pinjol88 permainan paling top dan garansi imbal balik hasil besar bersama pinjol88.asia

mpox88 permainan paling top dan garansi imbal balik hasil besar bersama mpox88.com

daun88 permainan paling top dan garansi imbal balik hasil besar bersama daun88.asia

wordpress88 permainan paling top dan garansi imbal balik hasil besar bersama wordpress88.net

whatsapp88 permainan paling top dan garansi imbal balik hasil besar bersama whatsapp88.net

wechat88 permainan paling top dan garansi imbal balik hasil besar bersama wechat88.net

telegram88 permainan paling top dan garansi imbal balik hasil besar bersama telegram88.org

super888 permainan paling top dan garansi imbal balik hasil besar bersama super888.asia

skype88 permainan paling top dan garansi imbal balik hasil besar bersama skype88.com

racing88 permainan paling top dan garansi imbal balik hasil besar bersama racing88.asia

pupuk88 permainan paling top dan garansi imbal balik hasil besar bersama pupuk88.net

petani888 permainan paling top dan garansi imbal balik hasil besar bersama petani888.org

pabrik88 permainan paling top dan garansi imbal balik hasil besar bersama pabrik88.asia

organik88 permainan paling top dan garansi imbal balik hasil besar bersama organik88.com

online77 permainan paling top dan garansi imbal balik hasil besar bersama online77.info

ojek88 permainan paling top dan garansi imbal balik hasil besar bersama ojek88.info

nostalgia88 permainan paling top dan garansi imbal balik hasil besar bersama nostalgia88.com

michat permainan paling top dan garansi imbal balik hasil besar bersama michat.info

Advertisingspot_img

Popular posts

My favorites

I'm social

0FansLike
0FollowersFollow
0FollowersFollow
0SubscribersSubscribe