Guesty Acquires Smily to Expand in French Short-Term Rental Market
Guesty, an AI platform for short-term rentals, has acquired French company Smily. The deal deepens Guesty's investment in France's growing short-term rental market.
Guesty, an AI platform for short-term rentals, announced its acquisition of French property management company Smily. The move is intended to strengthen Guesty's presence in France, which is the second-largest market for short-term rentals globally.
Smily brings fifteen years of French property management expertise to Guesty. This acquisition allows Guesty to deepen its engagement with the burgeoning French short-term rental sector. The company stated the acquisition enhances its offerings and capabilities for property managers in France.
Guesty provides AI-driven software solutions for managing short-term rental properties, including booking engines and communication tools. The French market has experienced substantial growth in recent years, increasing competition among service providers.
Financial terms of the acquisition were not disclosed. Guesty continues to focus on expanding its services internationally, particularly within European markets.