Global PropTech Giant Will Add Travelers Haven’s Proven On-Demand Booking Capabilities, Offering Access to Flexible, Furnished Housing In ~20K Cities and Towns In Every U.S. State.
DENVER – February 16, 2023 – Travelers Haven, the leading provider of on-demand furnished housing, today announced it has been acquired by Blueground, the largest global operator of furnished rentals for 30+ day stays. Through the acquisition, Blueground will now deliver the largest network for on-demand housing available, tapping into Travelers Haven’s proven inventory, relationships, and processes in nearly 20,000 cities and towns across the U.S. The combined organization will employ over 1,200 people and is expected to reach $600m in revenue in 2023.
Travelers Haven is an established leader in flexible, furnished housing on an on-demand basis. The company launched in 2008 to support the evolving needs of the nomadic workforce, filling quick-turnaround requests for healthcare professionals, construction workers, sports teams, and more. Today, Travelers Haven offers a full range of on-demand services and support in every state, offering the fast and highly customizable sourcing of housing for any need, anytime, and in any location. This fits seamlessly with Blueground’s existing inventory of 12,000 apartments in 30 key urban centers globally, enabling the company to instantly scale and provide an expanded network of furnished rentals to corporate clients anywhere in the U.S.
“The flexible, furnished housing landscape has undergone a complete transformation over the last 18-24 months, as a flood of opportunities creates demand in an ever-changing roster of cities and towns all across the country,” said Carlos Abisambra, President and CEO of Travelers Haven. “With the housing crunch showing no signs of slowing down, we continue to see an explosion of demand for our services in every corner of the US. Now, with Blueground’s global reputation and unmatched resources behind us, we can more quickly address this need on a much wider scale.”
Blueground and Travelers Haven will continue to operate as separate entities, sharing best practices and making their services available across their respective customer bases. In the future, the companies plan to integrate their technology platforms, and expand their offerings on a global scale.
“Travelers Haven has built an incredible company in the last 15 years, utilizing cutting-edge technology to see rapid growth and success in the sector and becoming the leader in on-demand furnished rentals,” said Alex Chatzieleftheriou, CEO and Co-founder, Blueground. “We’re excited to join forces with Carlos and the Travelers Haven team to further bring our vision to life to provide turn-key, tech-enabled homes both on-demand and readily available at a global level.“
Travelers Haven was founded in 2008 by Elia Wallen, with a vision to simplify housing for traveling healthcare workers. Since then, the bootstrapped company has grown into one of the largest providers of corporate housing in the country, exceeding ~$100m in revenue in 2022 with sustained profitability.
“I’m incredibly proud of what the Travelers Haven team has accomplished over the years and can’t wait to see what this next chapter brings for the company,” said Wallen. “The phenomenal group of people who helped make Travelers Haven the success it is today will continue to push the company to new heights under Blueground’s guidance. I know there will be many more exciting days ahead for all of them.”
About Travelers Haven
Travelers Haven is the leading provider of housing on-demand. Launched in 2008 to support the quick-turnaround needs of the nomadic workforce, Travelers Haven now delivers the largest inventory of flexible housing options in the industry, spanning nearly 20,000 cities and towns across the U.S. Through its established network, proven relationships, and turnkey services and support, Travelers Haven offers the fast and highly customizable sourcing of housing for any need, anytime and anywhere. For more information, go to www.travelershaven.com.
Blueground is a global PropTech company that is reinventing the way people live with its curated network of thousands of quality, turnkey homes in sought-after neighborhoods around the globe, available for stays of a month or longer. Blueground’s tech-enabled platform provides a fully digitized experience from viewing and booking available apartments within minutes to managing the entire stay through the Blueground Guest App. Now renters can book where they want, when they want, and on the terms they want. Blueground is headquartered in New York City, with a portfolio of over 12,000 move-in ready apartments in 30 cities worldwide as well as access to apartments on-demand in ~20,000 cities and towns in the U.S. In 2022, Blueground announced the acquisition of Brazilian PropTech startup, Tabas, supporting the company’s expansion in Latin America. In 2023, Blueground acquired Travelers Haven – the leader in workforce on-demand housing – allowing Blueground to now offer on-demand housing in over 20,000 cities and towns in the U.S. for corporate clients. Blueground plans to expand to 50 cities by 2025. Find us on Facebook, LinkedIn, Instagram, Twitter or at www.theblueground.com.