Rentals & Shares

Airbnb Attracts $1 Billion in New Funding at $31 Billion Valuation

Airbnb Attracts $1 Billion in New Funding at $31 Billion Valuation

Anya George Tharakan and Rishika Sadam, Reuters

A million dollars isn't cool. You know what's cool? A billion dollars. But what's less cool is the diminishing probability of an IPO anytime soon for the world's largest short-term rental booking platform.

3 weeks ago

Vacation Rental Company TurnKey Raises $21 Million

Vacation Rental Company TurnKey Raises $21 Million

Sean O'Neill, Skift

Just as entrepreneurs once sold pickaxes to prospectors in the California gold rush, TurnKey is one of many companies selling services to property owners in today's vacation rental gold rush.

3 weeks ago

Airbnb Is Looking Closely at the Long-Term Rental Market

Airbnb Is Looking Closely at the Long-Term Rental Market

Olivia Zaleski , Bloomberg

This makes a lot of sense for Airbnb to look into, especially as it contends with some contentious regulatory battles in many of its largest short-term rental markets.

3 weeks ago

Airbnb Wants to Improve Ties With Hosts for More Effective Advocacy

Airbnb Wants to Improve Ties With Hosts for More Effective Advocacy

Heather Somerville, Reuters

There certainly wouldn't be an Airbnb without its global community of hosts, and Airbnb knows that. But will this "support" extend to regulatory battles, too? Or will hosts be left with the bill when it comes to fines and more, like they've been in New York?

3 weeks ago

Smoking Travelers in Canada Find Airbnb a Welcome Alternative to Hotels

Smoking Travelers in Canada Find Airbnb a Welcome Alternative to Hotels

Madeline Kennedy, Reuters

We are certain that this will not show up in anyone's marketing materials, but it does speak to the flexibility (and health concerns) of unregulated short-term rentals.

3 weeks ago

Co-Working and the Sharing Economy Converge in Short-Term Home Office Rentals

Co-Working and the Sharing Economy Converge in Short-Term Home Office Rentals

Danica Kirka, Associated Press

The growth of short-term home office rentals poses yet another potential threat to hotels' traditional stronghold on meeting and event, or alternative work spaces. Smart hotels should, like Ian Schrager recently suggested, start thinking about getting into the co-working game to convert potentially empty, unbooked meeting spaces.

4 weeks ago

RedAwning Adds a Struggling VaycayHero to Its Branded Vacation Rental Network

RedAwning Adds a Struggling VaycayHero to Its Branded Vacation Rental Network

Sean O'Neill, Skift

Airbnb, Booking.com, and other giants in vacation rental bookings aren't providing the branding and technology needed by professional property managers in resort destinations. RedAwning's model points to one of several ways to fill the gap.

4 weeks ago

Wyndham Destination Network: A Giant Among Vacation Rental Property Management

Wyndham Destination Network: A Giant Among Vacation Rental Property Management

Dave Montali, Skift

Wyndham Destination Network has positioned itself as the largest property management company in vacation rentals, and is now using its size to optimize performance by rolling out company-wide yield management and cross-selling abilities.

1 month ago

TripAdvisor’s Journey Into the Vacation Rental Industry

TripAdvisor’s Journey Into the Vacation Rental Industry

Dave Montali, Skift

TripAdvisor's power to leverage vast amount of data and traffic, alongside the acquisitions of multiple companies, has already positioned the company as the one of the largest marketplaces in the industry.

1 month ago

Airbnb Acquires Vacation Rental Company Luxury Retreats, Officially Moves Into Luxury

Airbnb Acquires Vacation Rental Company Luxury Retreats, Officially Moves Into Luxury

Deanna Ting, Skift

... And here comes Airbnb Lux.

1 month ago

Onefinestay CEO: The Vacation Rental Market Is Fragmented and Ripe for Disruption

Onefinestay CEO: The Vacation Rental Market Is Fragmented and Ripe for Disruption

Deanna Ting, Skift

Onefinestay's parent company, Accor, and homesharing juggernaut, Airbnb, aren't the only companies interested in the traditional vacation rental market.

1 month ago

Airbnb Is Making More Deals to Become a Travel Industry Giant

Airbnb Is Making More Deals to Become a Travel Industry Giant

Olivia Zaleski, Bloomberg

As Airbnb attempts to become the "super brand of travel," it's realizing it needs to make some acquisitions along the way.

1 month ago