Situ Acquires Rentivo Tech Stack to Revolutionize Extended Stay Accommodations

Situ Acquires Rentivo Tech Stack to Revolutionize Extended Stay Accommodations

In a strategic move to redefine the landscape of corporate accommodation, Situ, the global corporate accommodation booking agent based in the UK, has successfully acquired the full technology stack of Rentivo, a prominent short-term rental software company.

This acquisition aims to seamlessly merge the professionally operated short-term rental sector pioneered by Rentivo with Situ’s established global corporate housing and serviced apartment inventory. The unified platform will provide serviced apartment, home, and aparthotel operators with a distinctive space, allowing them to showcase their properties to a discerning clientele seeking quality-checked and compliant accommodations suitable for mid- and extended stays.

Rentivo, renowned for its robust property management and connectivity systems, brings powerful content, pricing, and availability tools to the table. This, when integrated with the Situ platform, positions Situ as a leader in offering one of the most extensive networks of diverse, quality, and vetted accommodations in the extended-stay sector.

According to Phil Stapleton, founder and CEO of Situ, “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.”

This strategic alliance not only benefits property partners by offering a centralized source for inventory but also addresses the growing demand for professionally managed accommodations outside traditional corporate housing locations. Richard Vaughton, founder and CEO of Rentivo, expressed excitement about the alignment, emphasizing its significance in the mid-term market segment.

The integration of Rentivo and Situ’s technology expands Situ’s already diverse range of channel managers and property management software integrations. This move underscores Situ’s commitment to innovation and excellence in the ever-evolving landscape of extended-stay accommodations.