With $1BN in managed properties, we're a globally leading short- & mid-term rental management company.
|Sectors||Property Mixed Digital/Non-Digital Mixed B2B/B2C|
|Incorporation date||17 May 2016|
- Operational in 20 cities across Europe, the Middle East, and Asia
- Sold 1,200,000+ guest nights generating rental income of €50M+
- Managed a portfolio of around 2,500 properties, worth over $1BN
- EBITDA positive in Aug. 2020*, and top rated (4.8/5) by customers
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GuestReady is a leading property technology company with a focus on short-term and mid-term rental management. We launched operations in 2016 and are presently active in over 20 cities around the world, including cities such as Paris, London, Lisbon, and Dubai.
Our mission is to become the world's largest short-term rental management company. We source our properties from property owners (hosts) and then rent these properties to guests. We coordinate all the required processes such as cleaning, linen services, or key-handover.
We have developed a property management system, which allows us to automate many of the previously manual property management services or to deliver these services remotely from centralized support offices.
The software powers GuestReady's own operations but is also offered white-labelled to vacation rental management companies and traditional property managers as a Software-as-a-Service (SaaS) solution.
We started off with a business model called Full Property Management, which generates a variable commission on rental income. In addition, we also receive the cleaning fee paid by the guest. The total revenue share from rental income is around 28% with a gross profit margin of ca. 55%*.
Since 2019, we are offering a white-labelled version of our property management system (PMS) to vacation rental management companies and traditional property managers that intend to tap into the lucrative niche of short-term rental management. The software is offered at a commission of ca. 2% of the partner's gross rental revenues.
In addition to the Software-only business model, we also offer Online Property Management services such as guest communications or revenue management to our clients, therewith increasing the attainable revenue share to around 6% in commission.
The detailed services included in each business model can be seen below.