The Expedia Group is acquiring software solution providers Pillow and Apartment Jet, which it says signals its commitment to helping multi-family communities list and manage short-term rentals.
“Demand for short-term rentals in US urban destinations has been growing impressively over the past several years. In order to be able to deliver what customers are asking for while at the same time promoting responsible renting, Expedia Group is committed to delivering solutions that give urban building owners, managers and communities control and transparency over short-term rentals,” said Mark Okerstrom, president and CEO, Expedia Group.
Both software solutions enable the rental of guest suites in multi-family communities, with Pillow making it easy for multi-family community owners to allow residents to list their apartment units as short-term rentals without violating their lease restrictions.
The two companies 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. Additionally, they make it easy for multi-family owners to know who is staying in their buildings and when.
In a statement, the Expedia Group said that over time the partnership is expected to help expand the selection of accommodation in the global marketplaces of HomeAway and other Expedia Group brands.