• News
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
  • Marketing
  • Tech
  • OTAs
  • Customer Service
  • Regulations
  • Business
  • Housekeeping
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
VRM Intel
  • News
    • Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals
    • PriceLabs Announces $30 Million Investment from Summit Partners
    • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    • Blue Star Acquires Majority Stake in TravelNet Solutions
    • Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville
      Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available
    • VRM Intel News
    • Latest News
    • Sponsor News
  • COVID-19
    • 2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more
      Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions
    • 2021/2022 Ski Destinations Showing Big Performance Gains in ADR and RevPAR for Vacation Homes and Condos
    • “It’s like a short-term rental regulation pandemic.” 2022 Spring Vacation Rental Regulatory Trends + Fall Outlook
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
    • 5th Annual #BookDirect Guest Education Day, Feb 2: Why It Matters
  • Marketing
    • Geotargeting & SEM: A How-To Guide On Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
    • Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville
      Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • 5 Steps to Clean Up and Organize Your Vacation Rental Website
  • Tech
    • Geotargeting & SEM: A How-To Guide On Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
    • PriceLabs Announces $30 Million Investment from Summit Partners
    • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    • Blue Star Acquires Majority Stake in TravelNet Solutions
  • OTAs
    • Blue Star Acquires Majority Stake in TravelNet Solutions
    • Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville
      Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available
    • Vacasa (VCSA) Stock Falls as Lock-up Period Expires
    • 4 Ways to Stand Out in a Crowded Market: Get Your Brand & Listings in Front of Potential Guests
    • Stays Group and Touch Stay Announce Partnership that Strengthens The Vacation Rental Travel Ecosystem
  • Customer Service
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Leading Proptech Company Guesty Appoints David Aber as CFO
    • Meredith Hospitality Brands Inc. Expands to Mt Hood with Acquisition of Mt Hood Vacation Rentals
    • View of Waikiki from Diamond Head Park, Honolulu, Hawaii
      Honolulu City Council Bans Stays Under 90 Days Across Oahu
    • Are you a Visionary without an Integrator at Your Vacation Rental Management Company?
  • Regulations
  • Business
    • Geotargeting & SEM: A How-To Guide On Spending Less & Getting More
    • All About the Data: Predictive Indicators with Jason Sprenkle
    • PriceLabs Announces $30 Million Investment from Summit Partners
    • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    • Blue Star Acquires Majority Stake in TravelNet Solutions
  • Housekeeping
    • Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?
    • Analysis: “Reinventing” Vacation Rental Management by Alex Nigg
    • HR 2022: Attracting Today’s New Workforce after the Resignation Tsunami and the Great Renegotiation
    • Safety First: Evaluating and Addressing Safety Risks at Your Vacation Rentals
    • The Importance of the Guest Experience within Vacation Rental Operations: From the Back of the House to the Front
  • Subscribe
  • More
    • Calendar of Events
    • VRM Intel Live!
    • Reports Login
    • VRM Intel Magazine
    • Advertise
    • Authors
    • About Us
    • Contact Us
  • RSS

Latest News

Beyond Pricing Raises $42.5M to Expand Pricing Tool Technology for Vacation Rental Managers

Beyond Pricing Raises $42.5M to Expand Pricing Tool Technology for Vacation Rental Managers
mm
Amy Hinote
September 26, 2019

Beyond Pricing, the vacation rental industry’s largest provider of revenue management tools, announced today that it has raised $42.5 million to execute on a long-term strategy to provide a fully integrated solution for property managers to manage revenue and optimize demand across sales and marketing channels, and to expand its sales efforts in Europe, Australia and Asia. The Series A Round was led by Bessemer Venture Partners and follows early stage seed rounds totaling $3.5 million in 2016. According to Beyond Pricing founder and CEO Ian McHenry, the company has been operating at break-even, has proven the model in the United States, and is now primed to expand both its geographical footprint and depth of product. 

“We’ve proven our model in the US, but we are just at the tip of the iceberg in Europe, as there are twice as many vacation rentals in Europe as there are in the US,” said McHenry. “We also have plans to grow in Australia and Asia, and are looking to become more integrated in the way we manage revenue across channels—including distribution and website platforms—in a more automated way that pulls all levers that contribute to demand.”

McHenry also said the company is not looking at major acquisitions at this time, but is instead interested in building out the product “in a holistic manner to help property managers drive more demand and overall revenue.”

As part of its growth strategy, Beyond Pricing has established an engineering office in Portugal and will be building sales and marketing hubs in London and Barcelona.

“We would love to build more data partnerships,” McHenry added. “Having more data sources that we can inject in an automated way—whether aggregated, anonymized source data or website and demand data—helps us create better pricing recommendations [for property managers].”

According to the company’s release about the funding, “Beyond Pricing currently dynamically prices 150,000+ listings in more than 7,000 cities worldwide, and has priced more than $2 billion in bookings. The company, which last raised post-seed funding in 2016, plans to use the infusion of capital to maintain their leadership in the space and develop an expanded suite of products to further support their core customer base. The company also plans to expand its presence in Europe, starting with their office in Portugal.”

“At Bessemer, we love investing in founders that are transforming industries that have been historically underserved by software. While hotels have fully embraced technology and dynamic pricing, the short term rental industry is still underpenetrated. We were impressed with the Beyond Pricing team’s ability to consistently deliver revenue growth for their customers and think they are positioned to become the market leader in short term rental software. We’re excited about partnering with them in the next chapter of the company’s growth,” said Brian Feinstein, Partner at Bessemer Venture Partners.

Related Itemsbeyond pricingFeaturedIan McHenrypricing toolsproperty managerRevenue Managementvacation rental
View Comments (1)

1 Comment

  1. Pingback: Beyond Pricing Raises $42.5M to Expand Pricing Tool Technology for Vacation Rental Managers – Playa del Carmen Real Estate – Riviera Maya Realty

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Latest News
September 26, 2019
mm
Amy Hinote @vrmintel

Amy Hinote is the founder and editor-in-chief of VRM Intel Magazine, which provides news, information and resources for the professionally managed vacation rental industry. With a background in finance and over 15 years in the vacation rental industry, Hinote has worked with property management companies, technology companies, intermediaries and investors, and provides insider information about the growing vacation rental industry. She also founded the data company, now known as Key Data Dashboard, which provides aggregated market intelligence and reporting for vacation rental managers. Hinote resides between Alabama's Gulf Coast and Evanston, Illinois.

Related Itemsbeyond pricingFeaturedIan McHenrypricing toolsproperty managerRevenue Managementvacation rental

More in Latest News

Blue Star Acquires Majority Stake in TravelNet Solutions

Amy HinoteJuly 26, 2022
Read More
Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville

Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available

Amy HinoteJuly 24, 2022
Read More

Why Not A Hotel? A Guest and Homeowner’s Perspective: There’s No Place Like Home … Or Is There?

Ren HinoteJuly 4, 2022
Read More

Vacasa (VCSA) Stock Falls as Lock-up Period Expires

Amy HinoteJune 10, 2022
Read More
2022 Vacation Rental acquisitions from AvantStay, VTrips, Vacasa, Meredith, and more

Who Sold? Here’s What We Know: 2022 Vacation Rental Management Acquisitions

Amy HinoteJune 10, 2022
Read More

VTtrips Acquires Carolina Retreats, Silver Sands, Miss Kitty’s, and Tybee Vacation Rentals

Amy HinoteJune 7, 2022
Read More
Scroll for more
Tap

Sponsor News

  • PriceLabs Announces $30 Million Investment from Summit Partners
    BusinessAugust 5, 2022
  • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    BusinessAugust 4, 2022
  • Blue Star Acquires Majority Stake in TravelNet Solutions
    BusinessJuly 26, 2022
  • Vacation Rental Data and Revenue Management Conference, DARM 2022, Nashville
    Sessions Details for Upcoming Vacation Rental Data and Revenue Management (DARM) Conference: Livestream/Video Tickets Available
    BusinessJuly 24, 2022
VRM Intel
Calendar of Events
Videos & Whitepapers
VRMintel Magazine
Subscribe
Advertise
About Us
Authors
Contact Us

Recent News

  • Geotargeting & SEM: A How-To Guide On Spending Less & Getting More
    BusinessAugust 18, 2022
  • Guesty Raises Additional $170 Million in Series E to Expand Internationally and to New Verticals
    Industry News for Vacation Rental ManagersAugust 16, 2022
  • PriceLabs Announces $30 Million Investment from Summit Partners
    BusinessAugust 5, 2022
  • Ximplifi Adds Owner Portal to Automation Suite for Short Term Rental Accounting
    BusinessAugust 4, 2022

View Current Issue

VRMintel Copyright © 2016-17 | Click HERE to Subscribe | Privacy Policy | Disclaimer | Copyright | Jobs | Facebook | Twitter | LinkedIn

Northwest Vacation Rental Professionals Expands Vacation Rental Marketplace to Hawaii
20-question survey for vacation rental managers. We need your input.

xxx videos

  • mamadas
  • redwap
  • free porn
  • porno gratis