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Paris and Toronto at odds with Airbnb IOC / IPC partnership
Reading Time: 3 minutesWorldwide: Hoteliers in the cities of Paris and Toronto have expressed dismay at Airbnb’s recent global partnership with the Olympic and Paralympic federations, with the former now calling for a referendum on short-term rentals in the city. Following the partnership announcement this week, French hoteliers have suspended their collaboration with the 2024 Games in Paris […]
Blueground closes $50m Series B round and launches in London
Reading Time: 2 minutesUK: Flexible short-term rental startup Blueground has closed a $50m Series B round and announced the launch of its London portfolio by the end of the year to expand its global footprint. The Series B round was led jointly by investment firms Prime Ventures and WestCap Investment Partners. The latter’s founding partner, Laurence Tosi, previously […]
Paris family exodus attributed to Airbnb
Reading Time: 2 minutesFrance: Schools are closing at a rapid rate in central Paris as hurtling property prices are driving families out of the French capital, according to France24. The publication reported on one school at Vaugirard, in which just 51 students were enrolled this year, and many parents and teachers are attributing this sharp decline on the […]
Airbnb and the Louvre partner to offer special contest
Reading Time: 2 minutesParis: Airbnb is partnering with the Louvre Museum in Paris to offer a special contest through its Experiences programme, in which the winners will spend the night sleeping next to artwork including the Mona Lisa. The museum aims to mark 30 years since its recognisable glass pyramid, as designed by I.M. Pei, was constructed at the site in […]
Paris sues Airbnb for posting “illegal” rental adverts
Reading Time: 2 minutesParis: The City of Paris is suing Airbnb for publishing 1,000 illegal rental adverts, which could cost the company over €12.5 million euros (£10.9 million or $14 million). The mayor of Paris, Anne Hidalgo, made the announcement in an interview with the French weekly newspaper, Le Journal du Dimanche. She said her issue was Parisians […]
Airbnb acquires Luckey Homes to signal potential entry into property management
Reading Time: 2 minutesFrance: Airbnb has acquired French concierge services company, Luckey Homes, for an undisclosed sum, signalling a potential entry into property management. France represents one of Airbnb’s most profitable markets, with over 500,000 listings and 13 million guests and hosts. Paris is Airbnb’s top global destination however the city is embroiled in a number of regulatory […]
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 […]
Airbnb toasts “best quarter ever” with revenue exceeding one billion dollars
Reading Time: 2 minutesSan Francisco: Airbnb has said it has had its “best quarter ever” with its revenue taken in during the past three months exceeding a billion dollars. Airbnb said in a memo: “The third quarter of 2018 was the strongest quarter in Airbnb history, and the first quarter in which Airbnb recognized substantially more than $1 […]
Veeve, Europe’s largest vacation rental management agency, launches in LA
Reading Time: 2 minutesLos Angeles: Veeve, the largest vacation rental management agency in Europe, has launched in Los Angeles, seven years after its founding in London. When Veeve was launched back in 2011, it provided a welcome market solution for the ever-growing demand in the luxury home sharing sector. Since then, the company has grown across the continent […]
Marriott International expands European home-sharing pilot
Reading Time: 2 minutesEurope: Marriott International has announced the expansion of its home-sharing pilot to include Paris, Rome and Lisbon in addition to London. From 2 October, travellers can choose from more than 340 properties across four European markets with the opportunity to earn and redeem points across Marriott’s award-winning loyalty platform, including Marriott Rewards and Starwood Preferred […]