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Airbnb gearing up for reported direct listing over IPO
Reading Time: 2 minutesUS: Airbnb is reportedly gearing up for a direct listing rather than an initial public offering [IPO], sources revealed to Bloomberg. According to those same sources, it is believed that the short-term rental firm is set to hire Morgan Stanley and Goldman Sachs as joint lead advisers to its potential stock market flotation. While an […]
Beyond Pricing raises $42 million in Series A round
Reading Time: < 1 minuteUS: Beyond Pricing, a revenue management tool for rental hosts, has raised $42 million in a funding round led by Bessemer Venture Partners. Beyond Pricing charges one per cent of hosts’ booking income to optimise their rates on a daily basis. When a listing has entered its data and calendar, Beyond Pricing scours all the […]
Airbnb reveals planning and registration proposals for UK
Reading Time: < 1 minuteUK: Airbnb has revealed proposals for planning regulations and a registration system across the UK. The submissions were announced as Airbnb begins a six-month UK roadshow to gather feedback. They include backing for a free online landlord registration system in some communities, extending planning requirements to those hosting more than 140 nights a year and […]
San Leandro accepting registrations for rental operators
Reading Time: < 1 minuteUS: Officials in San Leandro, northern California, are accepting registrations for short-term rental operators to legalise hosted rentals. The San Leandro City Council recently approved ordinances to regulate short-term rentals in San Leandro by establishing requirements for hosted short-term rentals and banning non-hosted rentals, which are short-term rentals of homes to paid guests when a […]
Airbnb gives China arm greater autonomy
Reading Time: < 1 minuteChina: Airbnb will empower it its China division to make its own locally-tailored strategy. The approach has been taken by many multinational companies, which have found that strategies that work in the West don’t always translate to the Chinese market. Nathan Blecharczyk, Airbnb’s co-founder and chief strategy officer, said: “We’ve invested heavily in having a […]
SkyRun Vacation Rentals ranked in Inc. 5000 list
Reading Time: < 1 minuteUS: Inc. magazine has listed SkyRun Vacation Rentals in its annual Inc. 5000 list, a ranking of the fastest-growing private companies in the US. The Boulder, Colorado-based company is No. 1,944 in the listing and is ranked in the top 10 for companies from the city. The list is described as a unique look at […]
Airbnb invites applicants for Antarctica research expedition
Reading Time: 2 minutesAntarctica: Airbnb is offering an opportunity for a select group of environmentalists and volunteer researchers to apply for a free, four-week research expedition to Antarctica and monitor the state of the environment. The all-expense paid trip, known as ‘The Antarctic Sabbatical’, is available for five people to analyse the extent to which micro plastics are […]
Airbnb to invest $25m in affordable housing projects
Reading Time: < 1 minuteUS: Airbnb is pledging $25m to invest in projects aiming to support, build and preserve affordable rental housing in California, by launching a new pilot programme. Focusing on the Bay Area and Los Angeles County, the Community Impact Investing programme, will work in partnership with RBC Global Asset Management. It will join forces with local […]
Airbnb sets 2020 as target for initial public offering
Reading Time: 2 minutesUS: Airbnb, the world’s largest broker of private lodging for tourists, has announced in a brief statement that it expects to become a public trading company in 2020. The home-sharing firm, which claims to have seven million listings in over 100,000 cities on its platform, had looked set to go in for an initial public […]
Airbnb data reveals UAE summer staycation trends
Reading Time: 2 minutesUAE: According to Airbnb internal data, more and more UAE nationals and residents are preferring staycations, even during the summer season. Between the peak season for travel over 22 May and 22 August, the online platform has highlighted the increase in the number of staycations and domestic travel for UAE nationals as the number one […]