Short-term rental property management platform based out of Israel, Guesty, has announced it will be expanding into the Australian market.
The launch will expand Guesty’s presence to 11 global centers throughout Europe, UK, US, Middle East and now Australia, with plans for further entry into Asia Pacific cities including New Zealand, Singapore and Hong Kong.
Guesty has identified Australia as a key market with short-term rentals on the rise.
In 2018, the short-term rental total reservation volume was an estimated US$1 billion, with Sydney and Melbourne being the main contributors.
The aggregate data from AirDNA and Transparent suggests the country encompasses about 33,500 professionally managed short-term rentals using around 750 property management companies.
Co-Founder & CEO of Guesty, Amiad Soto, said Australia’s growing short-term rental market showcased the significant need for tech solutions to help property managers streamline operational task to scale and grow.
“We are excited to make an impact with our Guesty platform in the Australian market and support property managers to increase their inventory by relying on tools to help get their businesses to the next level."
As short-term rentals significantly grow in popularity, properties and entire buildings are being snapped up by professional property managers and property management companies looking to oversee the hottest inventory in key destinations.
With more properties, comes more administrative work, particularly for individuals and companies managing hundreds to thousands of properties at the same time.
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