US: Short-term rental data provider AirDNA has acquired vacation rental software and channel management system, Uplisting, as it advances its mission to provide a comprehensive, one-stop solution for those investing in and operating STR properties.
It marks the company’s second acquisition in six months, having acquired location intelligence platform Arrivalist in July 2023. AirDNA says that the strategic milestones showcase its dynamic expansion under the umbrella of predictis, a family of software-enabled data businesses, and a portfolio company of Alpine Investors [which bought AirDNA in March 2022].
AirDNA CEO Demi Horvat said: “Merging Uplisting’s first-class property management tools with our unparalleled market insights will create holistic, tailored solutions for all STR stakeholders, from aspiring hosts to large professional managers. This integration equips users with robust tools for every step on their journey, from research and investment to set-up and ongoing optimisation of their properties.”
Uplisting, which is an Airbnb Preferred Plus software partner, sets out to effectively manage and synchronise rental listings on key platforms such as Airbnb, Vrbo and Booking.com. The company automates critical tasks like real-time booking updates and guest communication to optimise the operations of vacation rental hosts and property managers globally.
In 2023, Uplisting processed an estimated $400 million in bookings.
Vincent Breslin, founder of Uplisting, said: “Joining forces with AirDNA opens up a realm of possibilities for the vacation rental market. With our combined wealth of expertise, we are poised to redefine industry standards, driving innovation and delivering enhanced value to all our clients.”
In a further announcement, AirDNA revealed that it is introducing a new dynamic pricing feature that automatically syncs AirDNA’s smart rates to Airbnb. The functionality enables users to maximise booking revenues, drawing on extensive data from millions of listings on Airbnb and Vrbo to provide effective pricing recommendations.
Horvat continued: “Dynamic pricing makes it easier for busy STR hosts to set their rates by automatically analysing market and competitor trends. This ensures the best prices are delivered in real-time to their Airbnb listings, eliminating guesswork and manual adjustments.
“With our focus on building easy-to-use tools for hosts and Uplisting’s comprehensive suite for bookings, operations, guest communication, and beyond, we’re bringing professional tools within reach of everyone,” she added.
predictis CEO Jean-Marc Levy said: “With this second acquisition in just six months, AirDNA is poised for continued growth and innovation, and with more developments in the pipeline, it is well positioned to expand its leadership position at the forefront of the short-term rental industry.”
FOCUS Capital Partners Ireland served as the financial advisor to Uplisting.