The AirBnB competitor has more than 400 short-term and holiday rental properties under management in Dubai
GuestReady, a competitor to AirBnB, recorded a 220% year-on-year (YoY) sales growth in the UAE in 2022, compared to 42% globally.
The firm’s UAE office was among the top three offices leading the company’s global growth for 2022. Its UAE presence also saw a 155% growth in properties under management, compared to 49% globally.
Speaking about the company’s success in the region, GuestReady regional managing director Reem Alkhatib said: “At GuestReady, we combine global best-practice, technology and local expertise with a guest-centric approach that sees the properties under our management, and the experience of our guests, rival those at any luxury hotel. This approach has, and will continue to help us capitalise on an increasingly favourable regulatory framework and strong inbound travel growth projections from across the region.”
AlKhatib said that GuestReady’s growth and that of the short-term rental ecosystem as a whole is benefiting both property owners and travellers who are looking for increasingly flexible and convenient accommodation.
“In 2022, Dubai was named the world’s most profitable city for AirBnB landlords," said AlKhatib. "While we have seen owners of the properties we manage achieve strong returns, it is also true that the city offers immense value for money when it comes to short-term rental homes for leisure and business travellers."
AlKhatib added: "The accommodation available and overall experience of a destination are crucial for today’s short-term rental guests and along with a beautiful array of properties across Dubai, our technology, which includes virtual guides and access to a guest experience team, allows those staying in GuestReady-managed properties to fully enjoy all that the city has to offer.”
GuestReady, founded in 2016, has presence in more than 30 cities worldwide.
For more information, visit www.guestready.com