Author: Vanessa de Souza Lage | 29 Jul 2013
Kigo Vacation Rental Software, one of Holiday Velvet’s Channel Manager partners, has recently celebrated a Series A funding from Creathor Venture for $1.7M. Through this recent funding Kigo will be able to move into the next vacation rental frontier: Asia.
The funding is a testament to the growth of the Vacation Rental Industry as a whole. With increased demand for vacation rentals and software tools that help vacation rental managers, Kigo has found itself a leader in Europe and North America, by helping vacation rental managers who want to market and manage their properties on portals such as Holiday Velvet. Launched in 2009, Kigo experienced a great growth sprout in 2012, having processed close to $200 million in bookings annually and processing the bookings of 25,000 properties for hundreds of vacation rental managers.
As part of the vacation rental industry growth, Asia has also been steadily growing its vacation rental market through increased tourism to popular Western destinations such as Thailand, Indonesia as well as Australia. Holiday Velvet has also been successfully catering to this growing market, by providing vacation rentals for a variety of Asian countries.
By pioneering the movement of western vacation rental software providers who are expanding into Asia, Kigo will be able to help property owners in this region to manage and market their properties efficiently.
Through its partnership with Holiday Velvet, Kigo has allowed Holiday Velvet home owners and managers to increase their marketing reach all the while cutting down on the cost and time of managing their properties’ online presence. Through Kigo’s Channel Management, Holiday Velvet rental managers can sync their property information, pricing and availability calendars with property listings on their own website.
About Kigo: Kigo Vacation Rental Software offers Reservation Systems, Channel Management and Website services for Vacation Rental managers. To request a free trial or see a demo on how you can manage your properties on Holiday Velvet visit http://kigo.net/demo