CHICAGO - August 24, 2022 - (Newswire.com)
PriceLabs, the provider of dynamic pricing and revenue management solutions for the hospitality industry, announced today that it has acquired Rental Scale-Up. The latter, a media company, produces a short-term rental industry news & analysis website, a and newsletter.
This acquisition is in line with PriceLabs' accelerating pace in product innovation, such as the world's first MinStay recommendation engine launched in June 2022, in fundraising, with $30 million raised in August 2022, and now in industry thought-leadership.
"STR industry has started to become mainstream. While owners and property managers are continuing to invest and grow their business, we found a lack of quality content for them to stay updated on the industry. They are always on the lookout for reliable insights, as their businesses demand they keep up with so much information," said Richie Khandelwal, co-founder PriceLabs. "Rental Scale-Up is one of the most respected voices and the go-to destination for in-depth news analysis for STR industry. Together, we'll be able to better meet the needs of the industry by delivering vacation rental business practices, market insights, and technology news."
Along with the acquisition, Thibault Masson and the team will join PriceLabs. "Thibault has years of experience in product marketing, gained at Booking.com and through consulting work. He will help us better articulate the value of PriceLabs' solutions and develop educational programs for owners and property managers," he added further.
"I started Rental Scale-Up with the mission to give STR operators, from people like me who own a vacation rental home to those who manage hundreds of properties, the insights they need to make the right decisions. By joining the PriceLabs team, we'll amplify the reach of our voice while helping one of the industry's most innovative software companies better educate hosts about revenue management," said Thibault Masson, founder of Rental Scale-Up. "I've known the PriceLabs team since the launch of their beta version in 2014. We share a commitment to creating high-quality tools and content to help hospitality professionals succeed."
About PriceLabs
PriceLabs is a leading provider of easy-to-use dynamic pricing and revenue management solutions for the accommodation industry. PriceLabs provides a data-driven approach, automation rules, and customizations to manage pricing and stay restrictions that help the owners and managers of vacation rentals increase revenues efficiently and easily. Learn more at www.pricelabs.co.
About Rental Scale-Up
Since 2013 as RentalPreneurs and then as Rental Scale-Up, the website and newsletter deliver weekly actionable insights about the STR industry. They cover the strategic moves from the major vacation rental listing sites, market data across key regions, and innovations in vacation technology. Learn more at www.rentalscaleup.com.
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Original Source: Software Company PriceLabs Acquires Media Outlet Rental Scale-Up to Deliver More Industry Insights to Hosts and Property Management Companies
