Situ is sharing the exciting news with you all that we have acquired the full technology stack of short-term rental technology company, Rentivo. Our objective being to align the professionally operated short/mid-term rental space occupied by Rentivo with our own well-established global corporate housing and serviced apartment inventory.
By creating this amalgamated platform, we will provide a space for serviced apartments, homes, and aparthotel operators to stand out from private hosts. It will enable us to showcase their properties to clients seeking quality-checked and compliant accommodation, ideal for mid- and extended stays. This demand aligns with the needs of the business travel, relocation, mobility, insurance, and government sectors.
Exclusive inventory loading for Global Partners.
Phil Stapleton, our CEO and Founder, says, “It’s been my long-held ambition that we will become the data standard and repository for the professionally managed, extended stay sector. The acquisition of Rentivo brings us remarkably close to that position. We want to be known by our global property partners as the single source to load inventory; by our industry partners such as travel and relocation management companies as the place to access inventory; and by our clients as their most trusted accommodation partner to find, book, and manage a wide and diverse range of quality extended stay housing, globally.”
Phil also highlights the advantages of this acquisition to corporate travel and relocation buyers. He says “Enquiries for properties outside of traditional corporate housing locations continue to increase, while stock diversity and availability remain barriers in core markets. So, a widening of professionally managed inventory will be welcomed by the buying community.”
Richard Vaughton, CEO and Founder at Rentivo, emphasises that the agreement with Situ signifies an alignment in the evolving mid-term market. The infusion of sophisticated technology isn’t just necessary but vital for any company’s operation. It promises substantial benefits and marks a significant step forward in their commitment to innovation and excellence.
Rentivo has powerful content, pricing, and availability tools.
Rentivo, best known for their property management and connectivity systems, has powerful content, pricing, and availability tools which connect with operators directly, which — now aligned with our Situ platform — allows us to offer one of the most extensive networks of diverse, quality, vetted accommodation in the extended-stay sector.
The alignment of Rentivo and our Situ tech adds to the fast-growing range of channel managers and property management software integrations that we offer, including Siteminder, STAAH, Rentals United, Avantio, Supercontrol, and more. This all makes it easier than ever for professional operators of mid-term and extended stay accommodation to load their portfolios and gain exposure to corporate demand.