More news about GuestReady
Company profiles on startup.ch

GuestReady becomes the largest Airbnb management company in Europe

11.04.2019 10:00

Related tags

Airbnb App

With headquarters in canton Appenzell Ausserrhoden, GuestReady has become the largest Airbnb management company following the acquisition of the French BnbLord with total revenue of €10M in 2018. The acquisition of marks the start of the GuestReady Group, responsible for managing more than 2,000 properties in Europe.

GuestReady uses technology to enable its personalised style of property management. Since its foundation in 2016, GuestReady has been setting an unprecedented pace in the property management industry quickly rising to the top in the complex area of short-term rental management. Until now, GuestReady acquired three competitors with BnbLord marking the last and largest acquisition.

Founded in 2015, BnbLord operates across several cities in Europe with a dominant presence in France and Portugal. Last year the company generated more than EUR 10M in revenue for its clients. This acquisition follows the deals announced by GuestReady last December when the company acquired Oporto City Flats, the leading short-term rental operator in Northern Portugal, and took over the management of the portfolio of French Airbnb manager We Stay In Paris.

The acquisition marks the start of the GuestReady Group based in Switzerland responsible for managing more than 2,000 properties through its brands GuestReady, BnbLord, Oporto City Flats, and Easy Rental Services. The offered services include everything that is required to turn a vacant home into a thriving listing on Airbnb, online and offline. Since this year, GuestReady is also offering business-to-business services to property developers and property agents, allowing them to tap into this fast-growing market.

Alexander Limpert, Co-founder & CEO of the GuestReady Group explains that technology is the key driver for the company’s growth: “We are extremely excited about this acquisition because it allows GuestReady to propel forward and become the largest service provider in the vacation rental industry. Since we started, we have been very focused on operational excellence and building a property technology system that allows us to automate non-core processes. We can run our large portfolio of properties efficiently thanks to a sophisticated tech platform that we have built in-house over the past years. Without much additional added complexity we can scale our portfolio multi-fold over the coming years.”

The whole team of BnbLord will join the GuestReady Group and all jobs will be maintained, with the founding team of BnbLord taking senior management positions at the GuestReady Group.

We have been friendly competitors of GuestReady for the past couple of years and we are excited to now join forces. The industry is maturing quickly and we are happy to become part of the technology leader in this space. With our shared experience we will be able to further accelerate growth” says Léo Bonnet, Co-Founder & CEO of BnbLord. 

Plans for further expansion
The GuestReady Group is looking to further consolidate the market by teaming up with the best local and regional service providers, which Alexander Limpert calls “local heroes”. The company employs approximately 100 staff across all markets and is hiring.

(Press release)

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

More news about GuestReady
Company profiles on startup.ch
Please login or
register to use the
bookmark feature

Related News

Related tags

Read more about

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

 

Principal

A showcase for female CEOs



Startupticker has recorded Swiss start-ups with female CEOs and ranked them by sector. The map which includes links to 80+ companies can be downloaded in our article.

 

Partners

Contributors

By continuing to use this website you agree with our TERMS AND CONDITIONS