Expedia buys Pillow and ApartmentJet to assist landlords turn apartments into short-term rentals

Expedia Group announced the acquisitions of Pillow, a software solution that helps building owners and managers empower their long-term residents to rent their residences, and ApartmentJet, a software solution enabling the rental of guest suites in multifamily communities.
Buying Pillow and ApartmentJet will help unlock urban growth opportunities that, over time, will contribute to HomeAway's ability to add an even broader selection of accommodations to its marketplace and marketplaces across Expedia Group brands, ensuring travelers always find the ideal place to stay.
"Demand for short-term rentals in U.S. urban destinations has been growing impressively over the past several years. In order to be able to deliver our customers what they are asking for while at the same time promoting responsible renting, Expedia Group is committed to delivering solutions that give urban building owners, managers and communities control and transparency over short-term rentals," noted Mark Okerstrom, President and CEO, Expedia Group. "Our acquisitions of Pillow and ApartmentJet are important and foundational investments in the Expedia Group platform. Through the acquisition of these innovative companies, we gain technologically advanced solutions that will help us give travelers new options for great places to stay in popular destinations while benefitting residents, owners, managers and local tourism. These acquisitions are yet another step forward to delivering on our Expedia Group purpose of Bringing the World within Reach for customers and partners around the globe."
Pillow and ApartmentJet are both innovative companies that solve different challenges faced by multifamily communities in urban markets. Pillow makes it easy for multifamily community owners to give residents the ability to list their apartment units as short-term rentals without violating their lease restrictions. Furthermore, ApartmentJet enables owners to help visitors enjoy guest suites at their properties. Both solutions enable owners to set limitations on short-term rentals in their buildings, such as limiting the number of total rental nights per year for units or for an entire building. Both make it easy for multifamily owners to know exactly who is staying in their buildings and when.
"Pillow was founded to connect the world and spread the joy of travel through short-term rentals, and I'm incredibly proud of the impact we've had by making that possible in a way that works for the multifamily industry," stressed Sean Conway, CEO, Pillow. "We are ecstatic to continue our growth among the millions of multifamily units worldwide with Expedia Group and HomeAway. Together, we will continue to collaborate with and serve owners, managers and residents by opening their doors to new opportunities."
"Our goal has always been to develop pioneering solutions for the multifamily industry, and for years, we've helped property owners strategically leverage the short-term rental market," commented Eric Broughton, CEO, ApartmentJet. "We are thrilled to join forces with Expedia Group, whose resources and expertise will accelerate our ability to deliver innovative technologies and services, and we look forward to helping communities and travelers reap the full benefits of multifamily accommodations together."
Forward-Looking Statements
This press statement includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements that describe Expedia Group management's beliefs, intentions or goals. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of Expedia Group. These forward-looking statements involve certain risks and uncertainties, many of which are beyond the parties' control, that could cause actual results to differ materially from those indicated in such forward-looking statements, including but not limited to the risks and important factors contained and identified in Expedia Group's filings with the Securities and Exchange Commission, such as Expedia Group's Annual Reports on Form 10-K and quarterly reports on form 10-Q. The forward-looking statements included in this press release are made only as of the date hereof and Expedia Group undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.
About Expedia Group
Expedia Group (NASDAQ: EXPE) is the world's travel platform. We help knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. We are here to bring the world within reach for customers and partners around the globe. We leverage our platform and technology capabilities across an extensive portfolio of businesses and brands to orchestrate the movement of people and the delivery of travel experiences on both a local and global basis. Our family of travel brands includes: Brand Expedia®, Hotels.com®, Expedia® Partner Solutions, Egencia®, trivago®, HomeAway®, VRBO®, Orbitz®, Travelocity®, Wotif®, lastminute.com.au®, ebookers®, CheapTickets®, Hotwire®, Classic Vacations®, Expedia Group™ Media Solutions, CarRentals.com™, Expedia Local Expert®, Expedia® CruiseShipCenters®, SilverRail Technologies, Inc., ALICE and Traveldoo®. For more information, visit www.expediagroup.com.
Read more at prnewswire.com
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
26/05 22:16
Former Archbishop of America honored by National Kapodistrian University of Athens
26/05 20:25
Newton Shows and St. Paul Cathedral to jointly present Long Island Greek Festival
26/05 15:32
Reuters report: Greek bonds trading as though they already have investment grade
25/05 20:53
New ministers in caretaker government announced ahead of second elections in Greece
25/05 20:08
Greek professor wins WHO annual award for anti-smoking campaign efforts
25/05 17:12
Hike in coronavirus infections and flu cases with 52 deaths In Greece
25/05 14:58
Moody's forecast: New ND government in Greece will be 'credit positive'
24/05 21:27
New public art exhibit flutters into Greektown of Chicago on June 2
24/05 20:36
European Commission: Greece should continue implementing recovery plan consistently
24/05 18:18
Deadline to file taxes is extended in Greece to July 31 by Finance Ministry
24/05 12:31
State Department: Our cooperation with Greece strengthens NATO and makes the region safer
24/05 09:14
ELSTAT: Hospitality enterprises' turnover grows 28.6% in Greece during Q1
24/05 00:22
23/05 22:19
Greek PM: Higher salaries a main focus of second-term New Democracy government
23/05 19:14
Greek Foreign Minister Dendias visiting Brussels and honored by AHEPA
23/05 19:06
Lamda Development announces deal to build first Mandarin Oriental hotel in Athens
23/05 16:09
Athens Acropolis Museum in 'Green Cultural Routes' action this weekend
23/05 13:24
DBRS: Sunday's vote could lead to credit improvements for Greece
22/05 21:32
Wall Street Journal: Greek voters rewarded ruling party's pro-business push
22/05 21:16
Traffic to be restricted on Alexandras avenue in downtown Athens as of May 23
22/05 20:23
OANA meeting on May 24 over sustainable power generation and summer youth activities
22/05 19:26
US State Department congratulates Greece on Sunday's electoral results
22/05 14:35
21/05 16:41
Media: Greece recovers hundreds of stolen artifacts including Alexander’s statue
21/05 15:51
Participation of Greek voters in today's elections at 31,52% so far
21/05 11:38
20/05 18:30
City of Athens presents Ecumenical Patriarch with its highest distinction
20/05 14:22
Polls open for Diaspora Greeks in historic first for the country
20/05 14:11
19/05 21:53
Greece's Interior Ministry releases practical information for voters
19/05 20:09
Zappeion press center open in central Athens as of 9:00 am Saturday
19/05 19:59
National e-Mobility Plan posted for public consultation in Greece to June 16
19/05 16:00
18/05 23:55
Greek Prime Minister: Thessaloniki Metro commitment met successfully
18/05 21:18
Safety Audit for Ground Operations reaches 15 years of advancing aviation safety
18/05 18:51
Athens Megaron Garden events this summer with Lena Platonos feature, opera screenings
18/05 11:42
International Museum Day with free entrance and special events in Greece
18/05 00:02
UNWTO identifies priorities for promoting rural tourim potential
17/05 22:03
International Air Transport Association: Bookings points to strong peak season travel
17/05 17:07
Greek Maritime Golf Event, the best golf tournament returns for its 9th year
17/05 15:17
Green light for the construction of Panathinaikos Stadium in Votanikos of Athens
17/05 14:43
Greek firms announce deal for developing renewable energy projects in Egypt
17/05 14:26
16/05 22:22
Greek FM: Greece and Turkey could create 'a burst of opportunities and growth'
16/05 22:15
The Global Greek Film Initiative holds Inaugural Benefit Event on May 4th
16/05 18:58
Greece requests new €1.72 billion disbursement from EU's Recovery Fund
16/05 16:48
Focus Africa Conference to boost aviation’s contribution to African Development
16/05 13:07
Athens Chamber of Commerce: New type of consumer is emerging
15/05 20:57
Greece launches research center for management of stranded marine animals
15/05 17:02
Prince Albert II of Monaco to visit the island of Elafonissos on May 29
15/05 16:09
Greek budget recorded 2.434 billion euros primary surplus in January-April
15/05 09:13
The President of the Hellenic Republic visiting Iceland on May 15-17
14/05 16:06
14/05 15:14
Greek Tourism Minister expects 2023 sector performance to top last year by 10-20%
13/05 22:01
UNWTO organizes executive training on tourism for rural growth in Middle East
12/05 22:22
Greek PM from Rhodes: South Aegean has had highest population growth in Greece
12/05 21:26
Dr. Jigang Bao clinches UNWTO Ulysses Prize for excellence in tourism scholarship
12/05 21:03
12/05 14:19
Fitch: Greek Stability Programme records strong improvement in public finances
12/05 11:09
Greek FM participating in the Informal Meeting of EU Foreign Ministers "Gymnich"
11/05 19:33
Rise in coronavirus infections and drop in flu cases in Greece
11/05 18:25
Diaspora Greeks abroad to cast their vote on Saturday, May 20
11/05 17:36
Greek PM champions vision for thriving cities: Trikala leading the way (video)
11/05 14:41
Ambassador to Athens: French and Greek defence industries must cooperate
11/05 00:05
Virgin Voyages’ Resilient Lady sets sail to Greek islands on maiden voyage
10/05 23:44
Applications for personal assistant program for the disabled now open in Greece
10/05 22:40
New app 'Cosmote Chronos' reanimates the Athens Acropolis before the viewer's eyes
10/05 22:13
UNWTO’S issues new assessment of Covid pandemic-related travel restrictions
10/05 19:30
Greece ranks 2nd globally after winning 2023 Blue Flag award for coasts and marinas
10/05 16:57
IATA: US passenger compensation rule will raise costs but not solve delays
10/05 14:53
Prices fell or stayed level for 95.69% of 'Household Basket' products in Greece
10/05 14:49
09/05 20:50
Mandatory training of police officers in animal rights begins in Greece on Wednesday
09/05 19:30
Consul General in New York organized event for Greek art collector
09/05 18:35
No tolls on Greek highways for private vehicles on election weekend May 20-22
09/05 18:25
09/05 14:17
Europe Day and European Year of Skills event organized in Athens on Tuesday
09/05 00:03
IATA: CNS Partnership Conference to focus on maintaining air cargo momentum
08/05 23:16
Greek and US military aircraft to fly over the Athens Acropolis on Tuesday
08/05 18:10
Greek National Tourism Organization wins award at 38th Seoul International Travel Fair
08/05 16:26
Greek State Minister signs cooperation agreement with French Transport Minister
08/05 14:18
International Defence Exhibition DEFEA 2023 opens in Athens on Tuesday noon
08/05 11:14
07/05 22:31
IATA statement on the end of COVID as an international public health emergency
07/05 21:38
Ecumenical Patriarchate Archons in Chicago organize 8th Annual Business Meeting
07/05 19:45
Elon Musk’s mother sees Greece’s rich potential for affluent tourists
07/05 16:34
Greek State Minister to receive French counterpart in Athens on Monday
07/05 15:41
Works unfolding anew at Greece's Elefsina shipyards to restore full capacity docking
06/05 23:49
Bank of Greece: Interest rate spread between deposits and loans up in March
05/05 22:09
US Ambassador to Athens visits American pavillion at Thessaloniki book fair
05/05 21:22
Bloomberg report: UK should follow Pope's example and return Parthenon Marbles
05/05 20:12
Leonidas AHEPA Chapter 77 organizes Annual Greek Night in New York
05/05 19:15
Exhibition showcases West Attica University student art work at Athens Airport
05/05 18:18
Greek poet Cavafy remembered through Onassis Foundation’s Archive of Desire
05/05 00:11
Lamda Development: Revenue from property in Ellinikon to surpass €500 million in 2023
04/05 21:09
Iconic Athens cinemas Astor and Ideal declared protected by environment ministry
04/05 20:20
Cat, dog owners now required to submit DNA sample of non-neutered pets in Greece
04/05 19:00
Restoration work approved for mausoleum on former royal estate of Tatoi near Athens
04/05 16:24
Ministers of Greece and Israel determined to further boost bilateral strategic relations
03/05 23:45
Greek Prime Minister: We want to radically reform the national health system
UNWTO identifies priorities for promoting rural tourim potential
Deadline to file taxes is extended in Greece to July 31 by Finance Ministry
Moody's forecast: New ND government in Greece will be 'credit positive'
Former Archbishop of America honored by National Kapodistrian University of Athens
Newton Shows and St. Paul Cathedral to jointly present Long Island Greek Festival
Reuters report: Greek bonds trading as though they already have investment grade
European Commission: Greece should continue implementing recovery plan consistently
New public art exhibit flutters into Greektown of Chicago on June 2
New ministers in caretaker government announced ahead of second elections in Greece
Greek professor wins WHO annual award for anti-smoking campaign efforts
Hike in coronavirus infections and flu cases with 52 deaths In Greece
Greek island of Rhodes seeking to attract tourists during winter also
Infrastructure works on Spinalonga island to assist visitors and protect the monument
UNWTO’S issues new assessment of Covid pandemic-related travel restrictions
Modern waste management unit to replace caldera dump in Santorini
Severe weather front to continue across Greece until Wednesday (video)
Greek Tourism Minister: Passenger location form to be abolished in Greece as of March 15
Greek Island of Milos presented by Louis Vuitton in new ad campaign
New app 'Cosmote Chronos' reanimates the Athens Acropolis before the viewer's eyes
Greek capital of Athens among top-10 most beautiful cities for the second time
PM at Axia discussion: Greece offering great investment opportunities in 2023
World Taste Atlas: Greek cuisine is the second best on the planet