Rentivo creates software solutions for travel agents and holiday home owners to allow them to independently manage their holiday properties. Rentivo are currently operating at a 61% gross margin and forecast £300k in sales next year.
The holiday rentals booking market is dominated by the Online Travel Agents (OTA's) such as Airbnb, Booking.com etc. These major commercial platforms are taking an increasing share of the booking (in some cases up to 30%), demanding increasing compliance (i.e. cancellation fees) and are intermediating the rental owner from their customers. We see this leading to a 'rebellion' among asset owners looking to take back control of their marketing mix, add new income streams and access state of the art technology. It is this market driver that Rentivo is exploiting.
Rentivo is a technology company (B2B) acting as a conduit to provide thousands of agents and millions of holiday home owners with a means to produce their own independent management web portals. Our Software as a Service (SaaS) solution is designed to empower them with full control over their branding, content, properties, and the tools they need to operate. We believe that the frustrations and loss of income brought about by the OTA's motivates these businesses to seek a greater access to direct and re-marketing tools, plus more efficient management of channels, payments and pricing, through Rentivo's technology.
Rentivo began actively selling product in mid-2015 .