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AvantStay to launch hybrid hotel-residence The Code in Austin
Reading Time: 2 minutesUS: Real estate development firm Pearlstone Partners in collaboration with vacation rental platform AvantStay will launch The Code in Austin this December.
Dallas appeal court quashes STR ban
Reading Time: 2 minutesA Dallas-area appeals court has ruled that the city can’t enforce two ordinances banning the operation of short-term rentals in some parts of Dallas.
IMN STR Summer Forum 2024 takeaways
Reading Time: < 1 minuteUS: IHM CEO Piers Brown, Revedy CEO Colin Carvey and AvantStay CEO Sean Breuner discuss their takeaways from the IHM Short Term Rental Summer Forum in Austin, Texas.
Airbnb listings reach record 6.1 million
Reading Time: < 1 minuteWorldwide: Recent data from AirDNA reveals that 54 per cent of global Airbnb listings have been added since 2020, leading to record levels of active listings. In September 2022, global listings on Airbnb reached 6.1 million. Overall in Q3, listings increased 22 per cent compared to 2019 with a shift away from urban centres towards […]
Top Trip Rentals rebrands to Lodgewell
Reading Time: < 1 minuteUS: Austin based boutique rental company Top Trip Rentals has announced a rebranding, changing its name to Lodgewell. The company will continue offering boutique curated vacation rentals in the Austin area and beyond. Lodgewell has noted that demand for its fully managed whole-home accommodations has grown significantly due to the global pandemic. The company emphasises […]
Locale raises $11m in Series A funding round
Reading Time: 2 minutesUS: Austin-based upscale aparthotel brand Locale has announced that it has raised $11 million in Series A funding. The round was headed up by Amplo, with participation from Susa Ventures and Metropolis Capital Partners. The latest round brings the firm’s total funding to date to $14 million. Locale, founded in 2016, aims to convert apartments […]
Landing launches in five more cities in the United States
Reading Time: < 1 minuteUS: San Francisco-based short-term rental company Landing, which offers a membership model that aims to add greater flexibility to renting, is launching in five further cities across the United States. Launching in Nashville, Austin, New York, Los Angeles and Birmingham [US], Landing allows members to lease fully-furnished, luxury apartments in “seriously elevated urban villages”. It […]
Smart City Policy Group hosts inaugural regulations summit
Reading Time: 2 minutesUS: Smart City Policy Group (SCPG) has hosted its inaugural Smart City Policy Summit short-term rental regulations conference in Austin, Texas. The summit featured attendees from across the short-term rental industry spectrum, including city regulators, travel industry professionals and vacation rental managers. SCPG CEO Matt Curtis said: “Communities are desperate for help on this issue. […]
RedAwning highlights Austin as rental hotspot
Reading Time: < 1 minuteUS: RedAwning has released an in-depth market report that explores the rise of alternative accommodation inventory and demand in Austin, Texas. Austin saw 30 million visitors and US$8.7 billion in tourism-generated revenue in 2018 with alternative accommodation demand making headway on that of hotels The report highlights the significant impact travel has had on the […]
Enforcement over unregistered rentals coming to Austin
Reading Time: 2 minutesUS: A city vendor has told The Austin Monitor that less than a quarter of the city’s reported 11,000 operators are licensed to comply with local regulations and pay Austin’s Hotel Occupancy Tax. The Austin Code Department is now set to send out violation notices to property owners who are purportedly operating without a required […]