:
Airbnb receives $1bn funding injection to fend off Covid-19 fallout
Reading Time: 3 minutesUS: Airbnb is to receive $1 billion [£816 million] in investment from California-based Silver Lake and San Francisco’s Sixth Street Partners to help the embattled company deal with the fallout from Covid-19. The substantial financial injection, made up of debt and equity securities is in line with CEO and co-founder Brian Chesky’s announcements last […]
Denver building leased by Sonder sold for reported $6.25m
Reading Time: 2 minutesUS: A Denver building leased by hospitality start up Sonder has been sold for three times its initial purchase price. Run as The Essex Hotel by Sonder, the former hotel building is noted to be the first Airbnb-hotel hybrid of its kind. The building, which was first purchased by a Denver based property firm GM […]
Rentals United announces $4.25m investment
Reading Time: 2 minutesStockholm: Global channel manager Rentals United has announced an investment of $4.25 million from Stella EOC Capital and Howzat Partners, with existing investors also participating in the round. Rental United’s principal aim is to provide all short-term rental property managers with premier channel management and a marketing solution that allows them to increase revenue and […]
Airbnb considering investment proposition with OYO
Reading Time: 2 minutesIndia / China: Airbnb is reportedly looking into the possibility of entering into a deal with OYO with a potential investment of $100 million to $200 million in order to emerge in the hotel business in India and China. The news comes a matter of weeks after Airbnb acquired US hotel booking startup HotelTonight for more […]
Interview: Guesty co-founder and CEO, Amiad Soto, on 2018 and investment trends
Reading Time: 3 minutesShortTermRentalz spoke to Amiad Soto, co-Founder & CEO of property management platform, Guesty, about the company’s busy 2018 and potential investment trends in 2019. How does Guesty use smart technology and automation tools to support property management companies? “The Guesty platform provides property managers and management companies with an end-to-end solution to simplify the complex operational […]
Interview Pt 2: RedAwning CEO Tim Choate on trends and the future
Reading Time: 5 minutesRedAwning CEO Tim Choate speaks to ShortTermRentalz about the company’s future and trends in the rental industry in 2019 in the second part of a feature-length interview. From your own expertise looking ahead, what are some of the likely investment trends in 2019 and in the EMEA? What sort of activity might be happening in […]
Paris-based startup Homerez raises €6 million for app for rental homeowners
Reading Time: 2 minutesFrance: Paris-based startup Homerez has raised €6 million to expand the usage of its app for vacation home rental owners around Europe and worldwide. The business, which launched in 2014, received the funding from Seventure Partners, in addition to existing investors Entrepreneur Venture and XAnge, and private investors Nicolas Brumelot, Frédéric Halley, David Roche and […]
Young investors in Vietnam struggling to make profit in short-term rental industry
Reading Time: 2 minutesVietnam: Short-term rentals have become more popular in Vietnam in recent years, especially at tourism sites and in big cities like Hanoi and Ho Chi Minh City (HCMC). Analysts note that most developers in Vietnam are young investors with many of them renting apartments for business. However, not all of them can profit from the […]
China Airbnb rival Xiaozhu reveals funding of nearly $300 million led by Jack Ma
Reading Time: < 1 minuteChina: Chinese short-term rental firm Xiaozhu.com has revealed it has raised almost $300 million in a funding round led by Jack Ma’s Yunfeng Capital, amid competition from Airbnb and Tujia.com. The company did not disclose its new valuation but said it was worth more than $1 billion last November after clinching a $120 million round, […]
STRz at Kigoworld 2018: Andrew McConnell, Rented.com
Reading Time: < 1 minuteRented.com CEO Andrew McConnell tells STRz that the “gold rush” of investment in the vacation rental sector is only in its early stages. Filmed at the 2018 KigoWorld conference in Barcelona.