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BELLEVUE, Wash – Expedia Group, Inc. (NASDAQ: EXPE) announced today the acquisition of Pillow, a software solution that helps multifamily building owners.
Acquiring Pillow 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 perfect 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,” said Mark Okerstrom, President and CEO, Expedia Group. “Our acquisition of Pillow is an important and foundational investments in the Expedia Group platform. Through the acquisition of this innovative company, we gain a technologically advanced solution that will help us give travelers new options for great places to stay in popular destinations while benefiting residents, owners, managers and local tourism. This acquisition is 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 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. The solution enables 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. With Pillow 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,” said 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.”
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.Follow Us