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Airbnb acquires New York headquarters for $81.5 million
Reading Time: 2 minutesUS: Airbnb has acquired its first office building in New York City for $81.5 million, signalling a long-term commitment to one of its largest employee hubs despite ongoing regulatory disputes over short-term rentals.
UnderTheDoormat secures $7 million funding
Reading Time: 2 minutesUK / Middle East: Short-term rental solutions provider UnderTheDoormat Group has secured $7 million in a funding round led by tourism development company Omran Group. The round was supported by Smedvig Capital and other existing investors. The London-based STR business said that the funding will be used for international expansion and to support development of its technology […]
Airbnb research finds STR caps unlikely to improve long-term rental supply
Reading Time: < 1 minuteUS: New research from booking platform Airbnb indicates that placing caps on short-term rentals is unlikely to lead to a significant increase in long-term rental housing supply. The study, based on a survey of Australian hosts, found that 88 per cent said they would not convert their listings into long-term rentals, even if local governments […]
Airbnb hires former Radisson CEO for residential development role
Reading Time: 2 minutesUS: Airbnb has hired Jim Alderman, the former CEO of Radisson Hotel Group Americas and chief development officer at Extended Stay America and Kimpton Hotels, as its head of residential development on its real estate team.
IHM A-Z: What’s next in travel, hospitality and real estate in 2024?
Reading Time: 20 minutesWorldwide: IHM’s editorial team [George Sell, editor-in-chief; Paul Stevens, editor – short-term rentals; and Eloise Hanson [editor – hospitality] provide a glimpse into what to expect for the travel, hospitality and real estate sectors in 2024 in our annual A-Z article.
Reapit and PayProp join forces, backed by investment
Reading Time: 2 minutesWorldwide: Property technology solution providers Reapit and PayProp are joining forces to deliver greater value and innovation to real estate and letting agents around the world.
reAlpha agrees to purchase AI tech firm Naamche
Reading Time: 2 minutesUS: AI-powered real estate technology and investment company, reAlpha, has agreed to buy Naamche, a technology firm focused on developing AI-powered solutions for large industries, including real estate.
IHM’s 2023 ones to watch in travel, hospitality and real estate
Reading Time: 16 minutesWorldwide: Drawing from the coverage provided by four sector-leading b2b websites, the editorial team at International Hospitality Media [IHM] has created a list of 25 influential leaders across travel, hospitality and real estate who they believe have a big 12 months ahead of them.
InovaReal lands €250k in pre-seed funding to pursue expansion
Reading Time: 2 minutesAustria: Vienna-based proptech startup InovaReal, which seeks to digitise the entire process of renting, selling and investing in real estate, has announced that it has raised €250,000 in pre-seed funding.
Urban Living Festival 2023 highlights
Reading Time: < 1 minuteOperators, developers, investors and service providers from across the hospitality and real estate industries connected at the Urban Living Festival in Canary Wharf, London, on 5-6 July 2023 to learn more about how we stay, live and work is shaping the future of the built environment.