San Francisco-based last minute vacation rental marketplace Whimstay has successfully closed $10 million in equity financing to expand its offerings and services. Whimstay will use the new funding to hire key personnel, develop new products, integrate ancillary fintech products, and more. Additionally, Whimstay will focus on multiple conversion initiatives to generate more bookings during low occupancy periods, representing roughly 50% of vacation rental nights annually.
With a $60 billion market opportunity, Whimstay is poised to take advantage of millions of unrented homes. Whimstay’s platform offers travelers the best deals on last minute vacation rentals across North America. Whimstay also provides property managers and owners better economics, greater control over customer experience, and more. This reduces dependence on more extensive, less user-friendly, and more expensive channels. Moreover, the platform helps earn revenue above and beyond the property manager’s direct bookings and those from other channels.
Whimstay’s CEO, David Weiss, credits the successful financing to his talented team, unique product offering, and strong partner and customer relationships. He also attributes the company’s confidence in strengthening its position as the leading last-minute vacation rental company. Weiss notes that the company’s bookings are up seven times year-to-date compared to the previous year. He also states that March was the highest booking month in the company’s history. Moreover, Whimstay’s recent integration into Google Vacation Rentals has further accelerated guest traffic and bookings.
Whimstay’s vacation rental marketplace includes a variety of properties. From beautiful beach homes to cozy mountain cabins and more. With an expanding list of properties and destinations, Whimstay’s platform offers the best solution for travelers seeking affordable last minute vacation rentals.
Yahoo Finance shared an article on the accomplishment in 2023.
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