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Vacasa moves into Portland headquarters in preparation for IPO
Reading Time: 2 minutesPortland: Vacasa has moved into its recently-built 61,000-square-foot headquarters in Portland’s Pearl District, in preparation for a potential initial public offering (IPO). The Portland headquarters will represent a showcase office for the vacation rental management company, which is headed by Vacasa chief executive, Eric Breon. Anticipating a surge in growth, Vacasa retained a lease on […]
LuxHomePro launches luxury short-term vacation rental education program
Reading Time: 2 minutesUnited States: LuxHomePro, a leader in short-term luxury vacation rental business training, has unveiled its Profit Formula professional education program. The comprehensive online training program will equip new entrants into the vacation rental sector with detailed knowledge about how to find, market and operate vacation rental properties. Those interested in registering for the Profit Formula […]
Apartment startup Stay Alfred raises $47 million to pursue U.S. expansion
Reading Time: 1 minuteUnited States: Stay Alfred, a startup that rents out apartments and turns them into short-term rentals, has raised $47 million to continue its expansion across the U.S.
Government in the Bahamas urged to introduce vacation rental tax structure
Reading Time: 2 minutesBahamas: A Family Island resort operator has urged the Bahamian government to ‘get a handle’ on the vacation rental industry and bring in a tax structure to collect the “millions” it is currently forfeiting. Edwin Mulford, a long-time boutique resort operator on Cat Island, reiterated concerns that the government was missing out on significant tax […]
Airbnb competitor Wimdu to close by the end of this year
Reading Time: 2 minutesEurope: Wimdu, Europe’s most well-funded clone of Airbnb, is to close by the end of the year owing to ‘significant financial and business challenges’. Partners of the company were informed by the message on Thursday, nine years after Wimdu was founded and labelled as the ‘Airbnb killer’. The news means that Wimdu will have to […]
PointCentral appoints McCorry to Florida Vacation Rental Management Association board
Reading Time: < 1 minuteUnited States: PointCentral has announced the appointment of Shaun McCorry to its Board of the Florida Vacation Rental Management Association in Florida. McCorry has been working as account executive for the company, which represents a leading enterprise-scale Smart Home Automation solutions service for short-term vacation rental property managers. He said: “As integral contributors to the […]
Airbnb hosts lament booking site’s increasing commercialisation
Reading Time: 2 minutesNew Zealand: Airbnb hosts are getting frustrated at how they perceive the vacation ental platform is becoming increasingly commercialised. The booking site has expanded its accommodation range in recent years to list more hotels, motels, eco-lodges and backpacker hotels in addition to its traditional offerings. Airbnb’s Australia and New Zealand country manager Sam McDonagh said […]
Vacation rentals limited to two business districts in Riverside, Illinois
Reading Time: 2 minutesIllinois: Vacation rentals such as Airbnb in Riverside will be confined to two business districts in the village from 1 December. The Riverside Village Board last week voted unanimously to approve an ordinance limiting vacation rentals like Airbnb to the village’s two business districts, which will effectively put the village’s only Airbnb listing out of […]
Thomas Cook links up with Expedia for vacation rental plan
Reading Time: 3 minutesWorldwide: Thomas Cook Group is hoping to start offering vacation rentals to its customers through its partnership with Expedia. The two companies announced their partnership back in September 2017, which went live this summer. The alliance initially covered short-term breaks and Thomas Cook’s hotel-only offering, but with Expedia providing its technological resources, both sides are […]
China’s answer to Airbnb, Tujia Sweetome, invests in Cozy Holding Corp.
Reading Time: 2 minutesChina: Cozy Holding Corp., renowned for its vacation rental platform, Cozystay, has announced its property management company, Cozy Living has secured investment from Tujia Sweetome. Sweetome is a China-based online vacation rental provider Tujia’s offline property management group. Tujia itself is China’s largest short-term rental firm and is widely considered as the country’s answer to […]