Airbnb agrees partnership with MadeComfy

Australia: Airbnb has partnered with Australian local short-term rental property management company MadeComfy.

MadeComfy, which specialises in short-term rentals, is headquartered in Sydney and its extended operations team works in Melbourne. The firm works as a complete end-to-end service package and offers homeowners support with marketing, management and property maintenance.

Furthermore, the company says that its services grow occupancy rates by up to 35 per cent compared to self-managed Airbnb listings, which generate 40 per cent or more on rental returns typically.

As part of the partnership agreement, MadeComfy has entered into a period of expansion for the year ahead, with targets to reach around 150,000 guests across the East Coast of Australia already in place.

MadeComfy co-founder Quirin Schwaighofer told The Australian Financial Review that the partnership with Airbnb would support his company’s growth ambitions moving forward.

He said: “Airbnb are more than just supporting us with information. They become a partner as well, helping us grow.”

New of this latest partnership with MadeComfy follows hot on the heels of a string of key announcements made by Airbnb in recent weeks.

Firstly, Airbnb officially purchased online travel app HotelTonight a couple of weeks ago before it announced a Series B $160m funding round with San Francisco-based rental apartment provider Lyric.

Just last week, rumours also began to circulate that Airbnb was seeking to branch out into creating and streaming original shows and content, in preparation for an anticipated IPO this year or next.

Coinciding with Airbnb’s partnership with MadeComfy, The Australian Taxation Office announced it would monitor short-term rentals and platforms such as Airbnb to verify if they are abiding by the local restrictions and regulations.

Furthermore, at the tail end of last year, The Australian Hotels Association proposed a five-point plan to regulate, license and control the sharing economy.

For more information about MadeComfy’s partnership with Airbnb, visit the company website here.

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