Hostmaker Collapse Prompts Further Consolidation in Europe’s Short-Term Rental Market
Photo Credit: A set of keys. Houst is expanding in the property management sector. Flickr / the Original Muddog
Skift Take
In a growing sector like this where there is a race to scale up, casualties will always exist. Houst will be hoping to capitalize on Hostmaker's misfortune.
UK-based hospitality management company Hostmaker has gone out of business with rival Houst moving to pick up some of its assets in a significant act of consolidation in the urban short-term rental management market.
Skift understands Houst, which was formerly known as Airsorted, is paying upward of $1.3 million (£1 million) to acquire a portion of Hostmaker’s non-UK operations, mainly in France, Portugal, Spain, and Italy. Houst has also taken on the management of Hostmaker's
