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Money is still flowing into the short-term and general travel sectors.

With several travel tech startups raising funding in the last few weeks, short-term rentals have gained traction worldwide.

More Distribution Options For You

To develop new products and features, including search experience and guest engagement, Whimstay, a San Francisco-based platform for last-minute vacation rentals, raised $10 million.

The funding is to be used to generate more bookings for property managers during traditionally slow times; the investment will be used to hire key talent, develop new products, and implement various conversion initiatives. The unique positioning of Whimstay makes it possible to book nights that would otherwise remain vacant, representing an opportunity worth $60 billion for property managers and owners.

Travellers can find great deals on vacation rentals across North America with the company. At the same time, property owners and managers receive better economics, greater control over the customer experience, and robust reporting and reconciliations. They are less dependent on large, less user-friendly channels.

In his remarks, Whimstay CEO, David Weiss, has noted the company's exceptional team, differentiated product offering, firm partner and customer relationship, and size of the market opportunity as reasons for its successful financing round. Furthermore, he touts the company's proprietary marketing engine, product features, and unique go-to-market strategy as the key drivers of its success in attracting incremental guests and generating bookings.

Whimstay has seen its bookings increase by a remarkable 7x year-to-date compared to last year, with March being the company's highest booking month ever.

Through Google Vacation Rentals, guest traffic and bookings have been accelerated, providing a broad range of potential guests with access to your inventory.

A Whimstay vacation rental property can be rented in the United States, Canada, or Mexico, with plans to expand its portfolio and destinations in the near future. Last March, the company launched a successful crowdfunding campaign that raised more than $1 million for American expansion.

Other Investments

For example, an international expansion grant of $13 million was awarded to Thynk, a Brussels-based company that offers software products for hotel and other accommodation operations.

Ticket booking platform SmartRyde, based in Tokyo, raised $3.4 million to expand its business and enhance its services.

Closer to home, the UK-based booking website raised $2.6 million to launch in new markets and digitize ticket sales.

Indonesian platform Travelio, which offers short-term and long-term apartment rentals, has raised an undisclosed amount in a series C funding round.

The Turkish company Missafir raised an undisclosed amount in a pre-series A round led by a real estate developer with plans to expand in Turkey and Europe.

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