UK: Global corporate accommodation booking agent Situ has announced the acquisition of the full technology stack of short-term rental software company Rentivo.
The move aligns the professionally operated short-term rental space occupied by Rentivo with the established global corporate housing and serviced apartment inventory of Situ.
The amalgamated platform created by Situ will provide a space for serviced apartment, home, and aparthotel operators to stand out from private hosts. It will allow them to showcase their properties to a clientele seeking accommodation that has been checked for quality and compliance, suitable for mid- and extended stays, as sought by the business travel, relocation, mobility, insurance, and government sectors.
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 the Situ platform — will enable Situ to offer one of the most extensive networks of diverse, quality, vetted accommodation in the extended-stay sector.
Phil Stapleton, founder and CEO of Situ, said: “It’s been my long-held ambition that Situ will become the data standard and repository for the professionally managed, extended stay sector. The acquisition of Rentivo brings us very 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,” he added.
Stapleton also highlighted the advantages of the acquisition to corporate travel and relocation buyers: “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, founder and CEO of Rentivo, said: “The agreement with Situ represents an alignment in the evolving mid-term market segment, where the infusion of sophisticated technology for any company to operate is not just necessary, but vital. This is poised to yield substantial benefits, marking a significant step forward in our commitment to innovation and excellence.”
The alignment of Rentivo and Situ’s technology adds to the fast-growing range of Situ channel managers and property management software integrations, including SiteMinder, STAAH, Rentals United, Avantio, SuperControl, and more.
