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Rise in Airbnb properties in Cornwall led to overcrowding this summer
Reading Time: 3 minutesCornwall: The rise in Airbnb properties in Cornwall on the market led to major overcrowding issues in the county this summer. Visit Cornwall said there were about 9,000 Airbnb properties in Cornwall in August, compared to just 17 in January 2016. Malcolm Bell, chief executive officer for Visit Cornwall said the gridlocked roads were down […]
Airbnb’s Chinese rival in talks to raise over $200 million in funding
Reading Time: 2 minutesChina: One of Airbnb’s biggest Chinese rivals is in talks with Singapore’s wealth fund to secure $200 million in funding to take on the American vacation rental platform. Beijing-based Xiaozhu.com, who were reportedly almost acquired by Airbnb in 2016, lets its users rent out homes and apartments across China and it is now targeting the […]
Airbnb competitor Wimdu to close by the end of this year
Reading Time: 2 minutesEurope: Wimdu, Europe’s most well-funded clone of Airbnb, is to close by the end of the year owing to ‘significant financial and business challenges’. Partners of the company were informed by the message on Thursday, nine years after Wimdu was founded and labelled as the ‘Airbnb killer’. The news means that Wimdu will have to […]
Exceptional Villas inspected record numbers of luxury rentals this year
Reading Time: 2 minutesEurope: European-based rental experts Exceptional Villas have inspected and vetted record numbers of properties this year ahead of the 2018/19 winter getaway season. The company, which is viewed by many as a global authority in the high-end rental market, carried out inspection procedures at over 800 properties this year as it added to their growing […]