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Airbnb set to file for $30bn+ IPO this week
Reading Time: 2 minutesUS: Airbnb is set to file the necessary IPO [initial public offering] documents later this week ahead of its anticipated stock market debut in December, as it seeks to raise $3 billion in proceeds in a move that would set the company a valuation of around $30 billion, according to Reuters. Next month, it is […]
Airbnb announces creation of host advisory board
Reading Time: 2 minutesWorldwide: Airbnb has announced that it has created a host advisory board and a host endowment to support its host community before it closes its eagerly-awaited initial public offering [IPO]. The advisory board will include 15 VIP Airbnb hosts who will be announced before the end of the year. In a statement, CEO Brian Chesky […]
Airbnb to list shares on Nasdaq ahead of IPO
Reading Time: 2 minutesUS: Ahead of its much-anticipated IPO before the turn of the year, Airbnb has reportedly opted to list its shares on the Nasdaq market, representing the index’s largest listing since that of Facebook in 2012 [$16 billion]. Though no timeframe has yet been given for when the scheduled IPO may take place, it is believed […]
Airbnb shifts to host-only fee structure in Europe
Reading Time: 2 minutesEurope: Airbnb has announced a change to its fee structure in Europe, meaning that it will now only impose a 15 per cent charge on its third party connected software hosts, rather than guests, across the continent. Previously the company used a split-fee structure, where guests would pay a 15 per cent service charge with some professional […]
Former Apple designer Sir Jony Ive joins Airbnb
Reading Time: 2 minutesWorldwide: British designer Sir Jony Ive, who oversaw the creation of the iPhone, iMac, iPod, Apple Watch and AirPods at multinational tech firm Apple, has been brought on board by Airbnb to collaborate with the home-sharing platform’s internal design team in a multi-year deal. Ive, who is a “long time friend” of Airbnb CEO Brian […]
Airbnb warns Scottish rentals law could cost jobs
Reading Time: 2 minutesUK: Airbnb has published the results of a study, which claim that proposed measures to limit short-term rentals in Scotland would put 17,000 Scottish jobs at risk. According to the data, new measures could take almost £1 million a day out of the Scottish economy and increase unemployment by .6 per cent. Scotland’s government committed […]
Party Squasher sets up party prevention program for rentals
Reading Time: 2 minutesUS: Party Squasher, which claims to be a first-of-its-kind “occupancy people-counter”, has launched a party prevention program to help hosts and property managers protect their short-term rentals from parties. The Party Squasher technology consists of a small sensor that connects to the cloud service in a property’s internet modem as well as a mobile app […]
Airbnb implements global party house purge
Reading Time: 2 minutesWorldwide: Airbnb has continued its global fight against “party houses” on its platform, removing nearly 500 listings in Australia and proactively cancelling over 9000 “high-risk” reservations. This follows the company’s decision to ban events hosting in their properties this year due to safety and Covid-19 concerns. Party houses have been a major point of criticism […]
Mid-term letting platform Flatio acquires NomadX for £3.6m
Reading Time: 2 minutesCzechia: Czech mid-term letting platform Flatio has announced that it has acquired Lisbon-based digital nomad housing marketplace NomadX in a move reportedly worth £3.6million. The deal will see the Brno-based proptech company take on NomadX’s inventory of apartments, staff and social platforms as the company plans to accelerate growth in the UK. Flatio, which turned over £4.5million […]
Airbnb partners with Roomonitor for noise detector programme
Reading Time: < 1 minuteSpain: Airbnb has partnered with Spanish home automation startup Roomonitor to launch a programme that will distribute noise detectors to its hosts in Madrid and Barcelona. As a result of the programme, a group of hosts in Madrid and Barcelona will be able to sign up to Roomonitor’s noise monitoring system for free for the […]