Travel platform Expedia Group, Inc. (NASDAQ: EXPE) has acquired two companies.
These are:
– Pillow, a software solution for building owners and managers to empower their long-term residents to rent their residences, and
– ApartmentJet, a software solution enabling the rental of guest suites in multifamily communities.
Led by Sean Conway, CEO, Pillow allows multifamily community owners to give residents the ability to list their apartment units as short-term rentals without violating their lease restrictions.
Led by Eric Broughton, CEO, ApartmentJet enables owners to enable visitors to enjoy guest suites at their properties. Both solutions enable owners to set limitations on short-term rentals in their buildings, such as limiting the number of total rental nights per year for units or for an entire building.
These deals will enable Expedia to exploit urban growth opportunities that, over time, will contribute to HomeAway’s ability to add a broader selection of accommodations to its marketplace and marketplaces across Expedia Group brands.
Led by Mark Okerstrom, President and CEO, Expedia Group provides a travel platform and technology capabilities via an extensive portfolio of businesses and brands including: Brand Expedia, Hotels.com, Expedia Partner Solutions, Egencia, trivago, HomeAway, VRBO, Orbitz, Travelocity, Wotif, lastminute.com.au, ebookers, CheapTickets, Hotwire, Classic Vacations, Expedia Group Media Solutions, CarRentals.com, Expedia Local Expert, Expedia CruiseShipCenters, SilverRail Technologies, Alice and Traveldoo.
FinSMEs
26/10/2018