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Safely raises $8m to spur growth and European expansion
Reading Time: 2 minutesUS: Atlanta-based insurtech and guest screening solution for the vacation and short-term rental market, Safely, has raised a further $8 million in funding.
EU legislation moves step closer after policymakers give green light
Reading Time: 4 minutesEurope: European policymakers have given the green light to proposals to regulate short-term rental platform activity across the bloc, while ensuring that the rules on hosting are simple to understand and implement and proportionate within EU law.
Key Data: US STR market sees 17 per cent revenue drop
Reading Time: 3 minutesUS: The US short-term rental market saw a summer slowdown, experiencing a 17 per cent decline in RevPAR, according to analysis by short term rental data provider Key Data.
Goboony and Yescapa merge and raise €7m
Reading Time: 2 minutesEurope: Camper van and motorhome rental agencies, Yescapa and Goboony, have announced a merger and parallel fundraising of €7 million to grow their footprint in Europe and expand into new international markets.
AirDNA: Record July continues blockbuster summer in Europe
Reading Time: 2 minutesEurope: According to short-term rental data provider AirDNA’s latest monthly review, European short-term rentals saw their strongest July on record, with more than 50 million nights stayed, and average rates and occupancy up.
Booking.com set for expedited fee probe by watchdog in Hungary
Reading Time: 3 minutesHungary: The Hungarian competition watchdog [GVH] is set to launch an expedited probe against Booking.com due to debts owned to hosts and other property owners in the country.
NUMA increases assets under management to over €1.5bn
Reading Time: < 1 minuteGermany: NUMA Group, a technology develop and operator of digitised boutique apartments in Europe, is continuing its growth strategy by increasing its managed portfolio to over €1.5 billion in value.
eviivo and RateGain collaborate for 2023 summer trends in Europe
Reading Time: 5 minutesEurope: Hospitality software company eviivo and SaaS travel provider RateGain have teamed up to offer key data insights determining the top travel trends in Europe, including the UK & Ireland, for this summer.
OTAs miss out on European digital gatekeeper list
Reading Time: 3 minutesEurope: Online travel agencies [OTAs] have failed to meet the thresholds to be considered digital ‘gatekeepers’ as part of the European Digital Markets Act [DMA], for the time being at least.
Eurostat: Uneven EU growth in platform tourism in Q1
Reading Time: 2 minutesEurope: Regional data for 2022 on guest nights spent in short-term rental accommodation booked via Airbnb, Booking, Expedia Group or TripAdvisor shows that the overall growth of platform tourism since pre-pandemic times is spread unevenly across Europe.