Hostfully

Overview

Hostfully is a software company founded in 2016, operating primarily within the enterprise resource planning (ERP) software sector, with a focus on the travel, hospitality, and entertainment industries. The company employs between 51 and 200 individuals and has reported a revenue of approximately $4.2 million. Hostfully's published content includes the "2023 Hospitality Report," which analyzes trends in the vacation rental industry. This report highlights key themes such as market competitiveness, revenue growth challenges, and the impact of technology on guest experiences and communications. It notes a significant increase in negative revenue growth among property managers, rising to 31% in 2023, indicating a shift in the market dynamics post-pandemic. The report also discusses the growing importance of direct bookings and referrals, which have surpassed traditional online travel agencies like Vrbo, suggesting a strategic pivot among operators in response to evolving market conditions. Overall, Hostfully's expertise lies in providing insights and solutions that address the challenges faced by the vacation rental sector.

Industry