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China’s answer to Airbnb, Tujia Sweetome, invests in Cozy Holding Corp.

Tujia Sweetome in Shanghai

China: 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 […]

RedAwning launches comprehensive vacation rental store on eBay

RedAwning CEO Tim Choate RMS

United States: The world’s largest branded network of vacation rentals, RedAwning.com, is launching a store on eBay which will list up to 25,000 unique vacation rentals. Millions of eBay customers can now instantly purchase vacation rentals in a wide range of homes, apartments and condos across the US by selecting the Lodging section under eBay’s […]

Zumper raises $46 million to make its name in the long term rental market

Zumper CEO Anthemos Georgiades

United States: Zumper has raised $46 million in Series C funding as it tries to make its name as the Airbnb for long term rentals. Zumper, which launched in 2012 initially as a marketplace for renters to search for apartments, has expanded in recent years to help renters and landlords in posting and searching in […]

Airbnb commits to clarifying its pricing and terms of service for the EU

Terms of service Vera Jourova

Europe: Airbnb is to modify its terms of service to better inform consumers of their rights and list its prices in a more transparent way. EU commissioner for justice Vera Jourova called on the San Francisco-based short-term rental accommodation website to make the changes as it has been breaching EU rules by not differentiating between […]