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Airbnb opens up free temporary housing for residents affected by Hurricane Michael
Reading Time: < 1 minuteFlorida: Airbnb is opening up free temporary housing for people across Northern and Central Florida in preparation for Hurricane Michael, as part of its Open Homes Program. The programme was rolled out on 8 October in Florida, Alabama and Georgia and is scheduled to be in place until 29 October at the end of the […]
InvitedHome co-founders switch to Austin-based TurnKey Vacation Rentals
Reading Time: 2 minutesUnited States: The co-founders of luxury vacation rental provider InvitedHome, Michael Joseph and Tom Feldhusen, have left the company to join Austin-based TurnKey Vacation Rentals. The pair will join the operations team, with Joseph taking over the position of vice president of owner success, while the latter has been named as the director of onboarding. […]
China Airbnb rival Xiaozhu reveals funding of nearly $300 million led by Jack Ma
Reading Time: < 1 minuteChina: Chinese short-term rental firm Xiaozhu.com has revealed it has raised almost $300 million in a funding round led by Jack Ma’s Yunfeng Capital, amid competition from Airbnb and Tujia.com. The company did not disclose its new valuation but said it was worth more than $1 billion last November after clinching a $120 million round, […]
Airbnb facing HMRC enquiries over UK tax activity
Reading Time: 2 minutesUnited Kingdom: Online short-term rentals platform Airbnb is facing enquiries from HM Revenue & Customs (HMRC) about its ongoing tax situation. In a note published on Companies House, the company said it had been contacted by HMRC ‘regarding the application of tax laws or regulations’ impacting its business. This follows the news that the online […]
Vacasa moves into Portland headquarters in preparation for IPO
Reading Time: 2 minutesPortland: Vacasa has moved into its recently-built 61,000-square-foot headquarters in Portland’s Pearl District, in preparation for a potential initial public offering (IPO). The Portland headquarters will represent a showcase office for the vacation rental management company, which is headed by Vacasa chief executive, Eric Breon. Anticipating a surge in growth, Vacasa retained a lease on […]