Short-term rental platforms like Airbnb have transformed travel.
Hostaway isa property management system (PMS) and software marketplace for the short-term rental industry.
With this new strategic investment, well be doubling down on these efforts and much more.
The company said it was the first PMS to integrate ChatGPT into its platform.
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The platform also recently adopted dynamic pricing tools to optimise rates, potentially increasing revenue.
Hostaway also raised $170mn last year in its first big funding round.
The company claims its platform is used by customers in over 90 countries.
One of them is UK-based Lighthouse, whichraised $370mnin November to expand its data intelligence platform for hotels.
Then in September, it baggedanother $100mn, to further develop and expand its PMS software.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
