Global travel technology company OYO has acquired MadeComfy, one of Australia’s leading short-term rental platforms, as it seeks to expand in the high-yielding Australian and New Zealand rental market, the companies said.
The deal combines OYO’s international reach and technology with MadeComfy’s local expertise in a market where the Australian company manages properties with gross booking value exceeding $60 million.
MadeComfy will continue operating under its own brand while gaining access to OYO’s revenue management platform and data-driven pricing algorithms. The Australian firm works with nearly 100 real estate agencies and recently expanded into New Zealand.
The acquisition brings together companies that executives say complement each other, with MadeComfy having built expertise in short-term rental dynamics across Australia and New Zealand over the past decade.
OYO, which operates in more than 35 countries and manages nearly 233,000 properties worldwide, is backed by major investors including SoftBank (9984.T), Airbnb (ABNB.O), Microsoft (MSFT.O), and Lightspeed Venture Partners.
The acquisition gives India-based OYO a stronger foothold in the ANZ region and positions it to potentially expand MadeComfy’s business model to other markets within its global network.
MadeComfy plans to grow its network to over 300 real estate agency partners over the coming years and launch corporate accommodation options, the companies said.
Officials said the combination of MadeComfy’s local market expertise with OYO’s global technology infrastructure and revenue management capabilities will create value for property partners.
The deal will provide property owners access to global booking systems, enhanced revenue tools and improved performance tracking dashboards, including support for larger developments such as built-to-rent projects.
Financial terms of the deal were not disclosed.
Business News Asia
