Pikl partners with Aviva and Prestige Underwriting
Short Term Rentals
by Eloise Hanson
2d ago
UK: Insurtech Pikl has partnered with insurance managing general agent Prestige Underwriting, backed by Aviva. Pikl has a range of products designed for individual homeowners and property managers which cover the risk of property damage and liability when a property is being used as a vacation rental or let out flexibly on a short-term basis. It is designed to work in conjunction with customers’ existing home insurance policies, providing cover for their properties when they are occupied by paying guests. The partnership with Aviva and Prestige Underwriting will help Pikl to take on a greater ..read more
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Holidu and Toploc join forces to promote French nature vacations
Short Term Rentals
by George Sell
2d ago
Germany/France: Holidu, a vacation rental booking companies, has partnered with Toploc, a platform for nature vacation rentals in France. The partnership aims to “further support vacation rental owners with a platform that will enable them to increase their bookings and simplify renting out their vacation homes”. At the same time, Toploc’s website will offer a more comprehensive range of products and services for people looking for alternatives for nature vacations. Toploc will remain an independent company and will bring to Holidu its knowledge of the French market and its property base acros ..read more
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Ahoy Club acquires Floatspace
Short Term Rentals
by Eloise Hanson
4d ago
Australia: Charter and brokerage company Ahoy Club has announced the acquisition of the yacht booking service company Floatspace. Floatspace allows customers to select their desired yacht, date, time, and any additional requirements. The technology automatically updates the yacht’s calendar and generates charter contracts for all parties involved. The acquisition means that Ahoy Club can service the entire charter market, from catamarans to megayachts, digitally. Hugh Treseder, founder and CEO of Floatspace, said: “The two businesses complement one another very well. Although having come at th ..read more
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The SCALE Community launches for STR property managers
Short Term Rentals
by Paul Stevens
5d ago
Worldwide: After four years of delivering in-person events around the globe, the SCALE team has announced the launch of The SCALE Community, a ‘free-to-join’ online and on-demand platform that will bring the best of the SCALE Show direct to short-term rental professionals. Launching today [19 June], the innovative community is described as “the ultimate destination for networking, learning, and scaling your business 365 days a year”. The SCALE Community is designed to keep the SCALE Spirit alive throughout the year. Its mission is to provide short-term rental managers, owners, and investors wi ..read more
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Stasher acquires US counterpart StoreMe
Short Term Rentals
by George Sell
5d ago
UK: Stasher.com has acquired StoreMe, a US luggage storage business founded in 2017 by Peter Korbel. Stasher offers short-term luggage storage in shops and hotels from US$5.90 per day. It boasts several major hotel partnerships, including Premier Inn in the UK. It was founded by Jacob Wedderburn-Day and Anthony Collias in 2015. In 2020, the company raised a $2.5 million funding round, valuing the company at $12.5 million. StoreMe joins Stasher’s 5500 storage points across more than 1000 cities around the globe. Wedderburn-Day said the StoreMe deal would allow Stasher to grow its footprint in t ..read more
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Qstay closes $4.6m pre-Series A funding round
Short Term Rentals
by Paul Stevens
6d ago
UAE: Dubai-based tech-driven hospitality brand and rental investment property management platform, Qstay, has announced that it has raised $4.6 million in a pre-Series A funding round. The company, which sets out to provide vacation rentals that combine the service and convenience of a premium hotel with the privacy and comfort of home, secured the funding through a combination of conventional and convertible debt. It means that Qstay has now raised $11.1 million to date since its founding in 2020, having closed a $6.5 million debt and equity seed round in July 2022. As it continues to establi ..read more
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Riding out a market correction: Buckle up or buckle down?
Short Term Rentals
by Paul Stevens
1w ago
[SPONSORED CONTENT] Track – a TravelNet Solution, a hospitality software solution that modernises and simplifies all aspects of property management operations, discusses the current market correction phase in the short-term rental market and the ways in which property managers and owners can respond to it. The short-term rental industry is undergoing a market correction. The pandemic ushered in a weird and wonderful stretch of sky-high ADR and occupancy, and we rode that wave into shore. The money was great, but the conditions were rare and unique. Now we’re in a market correction phase. We re ..read more
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Intrepid Travel hires Hurelle to lead accommodation strategy
Short Term Rentals
by Paul Stevens
1w ago
Australia: Global adventure tour operator Intrepid Travel has hired French hotel veteran Celine Hurelle to lead its expansion into accommodation and hotels. The appointment is aimed at accelerating Intrepid’s strategic expansion plans into new verticals, which includes accommodation. Hurelle will report to CEO James Thornton and work on Intrepid’s current accommodation initiatives. She will also work closely with the company’s executive leadership across the world to identify new opportunities to acquire accommodation that supports the company’s responsible and local travel ethos. Hurelle prev ..read more
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Canary Technologies raises $50m in Series C funding round
Short Term Rentals
by Paul Stevens
1w ago
US: Hospitality management technology firm Canary Technologies has secured $50 million in a Series C funding round. The round was led by global software investor Insight Partners, who also led the company’s Series B raise, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator and Commerce Ventures. It brings Canary’s total fundraising to date to nearly $100 million. Already providing enterprise grade hospitality artificial intelligence [AI] solutions for the hotel brands such as Wyndham, Marriott, Hilton, Four Seasons, Rosewood and Intercontinental Hotel Gro ..read more
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Scottish and English football fans dominate Euro 2024 travel
Short Term Rentals
by Paul Stevens
1w ago
Germany: Thousands of football fans are preparing to converge on Germany for UEFA Euro 2024 – the 17th edition of the European Championships – and short-term rental hosts and property owners are hoping to benefit from Euros fever. As 24 countries prepare to do battle for the Henri Delaunay trophy across 31 days of competition, starting this Friday [14 June], German authorities currently expect around 12 million tourists to visit the country throughout the duration of the tournament, with just under three million people lucky enough to secure coveted tickets for the matches themselves. The foll ..read more
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