July 17, 2024

Situ acquires rental technology company

Global accommodation booking agency Situ has acquired the full technology stack of rental company Rentivo.

The acquisition aligns Situ’s global corporate housing and serviced apartment inventory with the short-term rental space. It will enable serviced apartment, home and aparthotel operators to “stand out from private hosts”.

Clientele in the business travel, relocation, mobility, insurance and government sectors can find properties suitable for mid- and extended stays that have been checked for quality compliance.

Rentivo, which is known for its property management and connectivity systems, will provide content, pricing and availability tools to connect with operators directly.

Phil Stapleton, CEO and Founder 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.”

“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,” added Richard Vaughton, CEO and Founder at Rentivo.

The partnership marks the latest addition to range of Situ channel managers and property management software integrations, including Siteminder, STAAH, Rentals United, Avantio and Supercontrol.