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TripAdvisor acquires Spanish vacation rental site and dramatically boosts portfolio
DigitalTripAdvisor has acquired its third vacation rental business, Niumba.com in Spain, a move that will dramatically increase TripAdvisor’s vacation rental properties. TripAdvisor says Madrid-based Niumba, with more than 120,000 properties in Spain, and 230,000 overall, will continue to operate as a separate brand, although its listings will be integrated into TripAdvisor and HolidayLettings. At the [...]
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NYC’s largest development reminds residents they can be evicted for vacation rentals
OriginalTripAdvisor-owned vacation rental site FlipKey is dipping its toes into the New York market, but it may get them bit off before it gets a firm footing. [Updated with quote from FlipKey, below] Unlike the apartment share site Airbnb, which specializes in urban rentals, FlipKey has traditionally kept to vacation and second-home markets like Orlando, [...]
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Analyst: HomeAway’s new business model could be big revenue boost
DigitalIn HomeAway’s current model, subscribers pay the company upfront for running its listings on its websites. Starting this summer, vacation rental owners can instead put up a rental listing for free and then pay HomeAway a percentage once the listing is booked. Property managers will be able to use the pay-per-booking service later this year. [...]
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UK-based startup Love Home Swap mixes rentals into its swap services
DigitalLove Home Swap, a U.K.-based startup that appeals to homeowners that want to trade their places, is getting into proper rentals. The company, which launched about a year and a half ago, was operating on a member subscription model. People would pay to get access to a network of homeowners that were open to swapping [...]
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Minnesota city manages vacation rentals with new regulations
DestinationsJoel and Joy Johnson made a bit of history this month when their application for an interim-use permit was OK’d by the Duluth Planning Commission in Minnesota. The couple was adhering to new city rules for what are commonly known as vacation home rentals. They own a duplex on Park Point that they rent out for [...]