Hostaway Raises $175 Million to Shape the Future of Short-Term Rental Management

Better Call Hostaway - We Raised $175M!

2024 Update

It seems like an eternity ago that we wrote this blog. Back in May when we announced our round of funding, there was nothing but excitement and possibility. Since then, we've been turning possibility into reality. Here are some highlights from 2023:

• 249 product releases
• 60 new hires
• 35 new partners in our marketplace
• One new listing channel (Google Vacation Rentals)
• The first-ever Short-Term Rental Report by Hostaway

We've got a ton planned for 2024 and we can't wait to unveil all the great functions, features, events, partners and content we've got in store for you.

Funding announcement

“I wanted to take this opportunity to thank each one of our staff members, and each one of our existing and past customers, and of course, our future ones as well” - Marcus Rader, CEO

We are thrilled to announce that Hostaway, the leading property management software for short-term rentals, has successfully raised $175 million in a recent funding round led by private equity firm, PSG. This significant investment is the most a company has ever raised in our industry, and is a testament to our company's incredible growth, the profitability of our business, and enormous potential of the space.

Hostaway has experienced remarkable success, delivering exceptional value to our customers worldwide. Proudly serving thousands of active customers in over 100 countries, this funding will allow us to accelerate our expansion plans, continue to enhance our industry-leading solution, while still maintaining world-class customer service.

We are also committed to exploring strategic acquisitions and further strengthening our position as the preferred property management software in the short-term rental industry. By expanding our capabilities and resources, we will continue to drive innovation, enhance our product offerings, and deliver unparalleled value to our customers.

What’s Next?

As we embark on this exciting new chapter, we want to assure our valued customers and partners that our core focus remains unchanged. The Hostaway team is dedicated to maintaining our cutting-edge, top-reviewed product and delivering the exceptional level of service you have come to expect from us. With no changes to our management team, our steadfast commitment to your success and satisfaction remains unwavering.

We are grateful for the trust and support you have placed in Hostaway, enabling us to achieve this significant milestone. With the backing of PSG - a prominent private equity firm renowned for its strategic investments in category-leading, high-growth software - we are confident that Hostaway will continue to thrive and shape the future of the short-term rental industry.

Thank you for your ongoing support. We are excited to embark on this journey together and look forward to creating even greater value for you and the entire short-term rental industry.

FAQs

Q: What does this investment from PSG mean for Hostaway?

A: This investment is a great step forward for Hostaway. It gives us the financial backing we need to continue developing our services, expanding our offerings, and improving our platform. We believe it will further drive our mission to provide the best services to our customers.

Q: Will there be any changes to Hostaway's leadership or management?

A: No. Our leadership and management team will remain the same. We're committed to maintaining the level of service and the vision that has brought us to where we are today.

Q: Will this investment affect my relationship with Hostaway?

A: We expect this investment to strengthen our relationships with our customers. It will allow us to enhance our services, improve customer support, and generally provide a better experience for all of our customers and partners.

Q: Will there be any changes to pricing or contract terms due to this investment?

A: While this significant investment is part of our ongoing efforts to enhance our services, we want to assure you that we are deeply committed to providing value at affordable rates. It’s important to us to keep pricing as transparent as possible. Specific changes, if any, will always be communicated clearly and with due notice

Q: What does this investment mean for the Hostaway product?

A: This investment will allow us to innovate and grow at a faster pace. You can look forward to new features, improved functionalities, and continued enhancements to the Hostaway platform in the near future.

Q: I am excited about this news. How can I share my thoughts and feedback?

A: We love hearing from our customers! Feel free to share your thoughts, feedback, or even just a simple note of congratulations through our usual customer support channels. We appreciate your continued partnership!

If you have more questions or need further clarification, please don't hesitate to reach out. We're here to ensure your experience with Hostaway is a positive one. Thank you for your continued support. We look forward to an exciting future together!