:
Expedia set to phase out short-term rental multifamily business
Reading Time: 3 minutesUS: As Expedia Group strategises its recovery from the standstill in bookings during the Covid-19 pandemic, it is believed to be preparing to phase out its short-term rental multifamily building business, which includes its Expedia Group Multifamily Solutions product. The product was formed after Expedia Group acquired venture-backed hospitality startups Pillow and ApartmentJet in 2018, […]
Hutchings named as interim general manager of HomeAway Software
Reading Time: 2 minutesWorldwide: Ryan Hutchings has been named as HomeAway Software’s new interim general manager, replacing Cliff Vars in the role. As part of his new role, Hutchings will be tasked with overseeing the integration of HomeAway’s principle software products, including Glad to Have You, Escapia and V12. He brings with him 12 years of experience and […]
Expedia Group acquires Pillow and ApartmentJet to help list apartments online
Reading Time: < 1 minuteWorldwide: Expedia Group has acquired two companies that make it easier to list apartments on short-term rental sites like Airbnb or its subsidiary HomeAway. Expedia said on Thursday that it had acquired San Francisco-based Pillow and Chicago-based ApartmentJet. The former offers a software solution that allows building owners and managers to authorise renters to list […]
Real estate developers seeing the benefits of short-term multifamily home-sharing
Reading Time: 3 minutesUnited States: The National Multifamily Housing Council (NMHC) estimates around 65 per cent of recent Airbnb bookings have been in multifamily buildings such as apartments, condos and pop-up hotels. It comes as part of a growing trend where many long-term hosts are renting out their units on Airbnb anyway as the NMHC found that 43 […]