Wednesday, January 10, 2024
Today, AirDNA, a prominent provider of short-term rental (STR) data, has officially acquired Uplisting, a vacation rental software and channel management system. This strategic move represents a significant step forward in AirDNA’s mission to offer a comprehensive, all-encompassing solution for individuals investing in and managing short-term rental properties.
Demi Horvat, the CEO of AirDNA, expressed the vision behind the acquisition, stating, “By merging Uplisting’s top-tier property management tools with our unparalleled market insights, we aim to provide holistic, customized solutions for all stakeholders in the STR sector. This integration arms users with powerful tools throughout their journey, from research and investment to the setup and continuous optimization of their properties.”
Uplisting, recognized as an Airbnb Preferred Plus software partner, is renowned for its effective management and synchronization of STR listings on major platforms such as Airbnb, Vrbo, and Booking.com. Through automation of essential tasks like real-time booking updates and guest communication, Uplisting has become essential in optimizing the operations of vacation rental hosts and property managers globally. In 2023, Uplisting processed approximately $400 million in bookings, leveraging reliable technology tools that drive growth.
Vincent Breslin, the Founder of Uplisting, expressed enthusiasm about the collaboration, stating, “Teaming up with AirDNA opens up a realm of possibilities for the vacation rental market. With our combined expertise, we are well-positioned to redefine industry standards, foster innovation, and deliver enhanced value to all our clients.”
As part of its commitment to STR hosts, AirDNA is introducing a new Dynamic Pricing feature that automatically syncs AirDNA’s Smart Rates™ to Airbnb. This highly requested functionality empowers users to maximize booking revenues by utilizing extensive data from millions of listings on Airbnb and Vrbo, providing effective pricing recommendations.
“Dynamics Pricing simplifies the rate-setting process for busy STR hosts by automatically analyzing market and competitor trends. This ensures that the best prices are delivered in real-time to their Airbnb listings, eliminating guesswork and manual adjustments. With our emphasis on creating user-friendly tools for hosts and Uplisting’s comprehensive suite for bookings, operations, guest communication, and more, we’re making professional tools accessible to everyone,” added Horvat.
This acquisition follows AirDNA’s previous acquisition of Arrivalist in July 2023, highlighting the company’s dynamic expansion within predictis, a family of software-enabled data businesses and a portfolio company of Alpine Investors. Jean-Marc Levy, the CEO of predictis, remarked, “With this second acquisition in just six months, AirDNA is poised for continued growth and innovation. With additional advancements on the horizon, AirDNA is strategically positioned to further solidify its leadership role at the forefront of the short-term rental industry.