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Sun Communities sells UK holiday park business Park Holidays to Aermont for £768m
Reading Time: < 1 minuteUS: US real estate investment trust Sun Communities has agreed to sell its UK holiday park business, Park Holidays, to private capital manager Aermont Capital in a £768 million all-cash deal.
Airbnb and VisitBritain launch £1m ‘Best of British’ fund to boost local tourism
Reading Time: 2 minutesUK: Airbnb has launched a £1 m “Best of British” fund, supported by VisitBritain, to help communities across the UK transform local traditions into must-visit cultural experiences. The initiative aims to disperse tourism more evenly across the country while boosting the UK’s hospitality sector. Grants of up to £100,000 per applicant will be available to […]
Park Holidays UK adds to portfolio with Park Leisure acquisition
Reading Time: 2 minutesUK: Holiday park operator Park Holidays UK has announced the acquisition of Yorkshire-based group Park Leisure for an undisclosed amount.
AirDNA: Industry maintains momentum in an uncertain era
Reading Time: 2 minutesUS: In its latest industry outlook, short-term rental data and analytics provider, AirDNA, is forecasting that US short-term rentals will reach 2.6 per cent more demand in 2021 compared to 2019, and is expecting 14.1 per cent more growth in 2022 compared to 2021. Average earnings for US short-term rentals grew to their highest ever in […]
Domestic tourism to the rescue of vacation rentals
Reading Time: 3 minutesSpain: In this feature article, vacation rental software and channel manager, Avantio, investigates how domestic travel is likely to play a crucial role in the foreseeable future of the vacation rental industry, as operators seek to gain bookings from the ‘new normal’ tourists. Despite the heavy blow to the holiday accommodation sector due to the […]
Airbnb hones in on destination travel
Reading Time: 2 minutesUS: Airbnb has announced two initiatives to support local economic growth and the resurgence of destination travel. It has partnered with 15 distinct destination marketing organisations, as well as a new initiative, ‘Go Near’, which intends to reinvigorate local economies through travel. Airbnb hopes that the partnership with various travel boards will demonstrate their platform’s […]