Bilt's second acquisition in less than a year deepens the travel experience available to members across more than 6 million homes

NEW YORK--(BUSINESS WIRE)--

Bilt, the membership for where you live, today announced it has acquired Sion, a commission management platform trusted by more than 8,000 travel advisors, for $30 million. The acquisition strengthens Bilt's ability to deliver on one of its members' most popular rewards categories — travel — by building the infrastructure that supports the world's best travel advisors in serving Bilt's growing member base.

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Bilt was founded on a simple idea: where you live should be the center of your life, and your membership should reflect that. Bilt Members have access to a platform built around housing: earning and redeeming rewards, accessing neighborhood services and benefits, building a path to homeownership, and more. Within that membership, rewards have become one of the most powerful and beloved features, and travel is consistently among the most popular ways members choose to use them. The quality of that travel experience depends directly on the quality of the advisors and businesses behind it.

Sion has built best-in-class infrastructure for one of the travel industry's most persistent pain points: commission reconciliation. Today, Sion manages $7B+ in travel booking revenue, supports more than 8,000 travel advisors, and drives an 85% invoice follow-up success rate — all helping travel businesses get paid faster and operate more efficiently. By acquiring Sion, Bilt gains the technology and the team to further extend its hospitality platform to travel advisors, and in doing so, builds a network of world-class travel advisors who can deliver exceptional experiences to Bilt Members using their rewards to see the world.

"Where you live is where your life is centered, and our job at Bilt is to make that membership as powerful as possible, from your neighborhood to wherever you want to travel," said Ankur Jain, Founder and CEO of Bilt. "Bilt's hospitality platform already helps properties and merchants deliver their best customer experience, and with Sion, we're extending that to travel advisors. By giving travel advisors the tools to run their entire business more effectively, we're building a network of the world's best travel advisors, and our members benefit from that. This is what building a membership truly centered around where you live looks like."

This marks Bilt's second acquisition in just 11 months and reflects the company's broader strategy of building the hospitality platform that powers the full resident experience: from housing payments to neighborhood services, and now, travel.

"Travel businesses don't need another intermediary trying to compete with them," said Irving Betesh, Co-Founder of Sion. "They need modern infrastructure and software that solves real operational problems. Sion has built a best-in-class experience around one of the biggest pain points in travel, commissions. We're excited to join the Bilt team, allowing us to further accelerate what we can deliver for travel businesses and advisors serving travelers around the world."

"This is a meaningful milestone for Sion and an even more meaningful step forward for our customers," said Alfons Musry, Co-Founder of Sion. "By joining Bilt, our combined resources and long-term backing can accelerate and actually deliver the product improvements our customers have been asking for. Our customers rely on Sion daily, and that won't change. What changes is what we're now able to build."

Bilt's hospitality platform is built around a consistent principle: every category of partner — residential properties, neighborhood merchants, and travel advisors — should have the tools to deliver their best possible customer experience, end to end. Travel advisors will be able to leverage Bilt's platform to manage their workflows, serve clients more seamlessly, and grow their businesses — with Bilt Members representing a high-value, rewards-rich audience within that broader customer base. Together, Bilt and Sion will accelerate development across essential advisor workflows, including commission reconciliation and tracking, invoice follow-up automation, and new tools for managing bookings and payments more efficiently.

Following the acquisition, Sion will continue to operate independently under Betesh and Musry's leadership, maintaining existing client relationships and services while expanding its capabilities through Bilt's platform and network.

About Bilt

Launched in 2021, Bilt is the membership for where you live and the hospitality platform powering the residential ecosystem around it. For members, Bilt makes where our members live the center of their lives – allowing them to earn rewards on housing payments, access neighborhood services, build a path to homeownership, and redeem points across a best-in-class travel and lifestyle ecosystem including airlines, hotels, boutique fitness studios, neighborhood restaurants, and more. For partners, from residential properties and neighborhood merchants to travel advisors, Bilt's hospitality platform provides the tools to deliver exceptional customer experiences and build deeper relationships with residents. The Bilt Alliance spans more than 6 million homes across the country, developed in partnership with some of the nation's largest residential owners and operators. Bilt boasts the highest value rewards currency on the market today. For more information, visit www.bilt.com.

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Source: Bilt