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European Union to hike VAT on sharing economy platforms

EU

Reading Time: 2 minutesEstonia / EU: EU diplomats have reached an agreement on VAT [value-added tax] rule reforms that would result in tax hikes for sharing economy platforms including Airbnb and ride-sharing service Uber after Estonia dropped its previous veto position.

2022 EU nights booked on online platforms top 2019

EU

Reading Time: 2 minutesEurope: In Q4 2022, guests spent around 97 million nights in short-term rental accommodation in the EU, booked via Airbnb, Booking, Expedia Group or TripAdvisor, according to Eurostat.

Bob W acquires Estonishing Stay in Estonia

Estonishing Stay

Reading Time: < 1 minuteFinland / Estonia: Helsinki-based tech-driven hospitality startup Bob W has acquired Estonia’s largest short stay serviced apartment operator, Estonishing Stay Apartments.

Bob W raises €10m in seed funding and expands into the UK

Bob

Reading Time: 3 minutesFinland: Helsinki-based tech-driven hospitality provider Bob W has announced that it has secured ten million euros in seed round funding. The investment round was led by byFounders VC and private equity outfit Finnish Industry Investment [Tesi]. Other top European real estate and venture capitalist investors include Kaamos, Superangel, United Angels and NREP through its 2150 investment wing, which just launched […]

Airbnb reportedly agrees to share renter user data with Estonian tax authority

Estonian

Reading Time: < 1 minuteEstonia: Airbnb is to reportedly share user data with the Estonian Tax and Customs Board (MTA), according to the Baltic News Service (BNS). An MTA spokesperson told BNS that the cooperation was already underway and that further details would be made public at a press conference on Wednesday, which MTA deputy director Rvio Reitmann and […]