RedAwning ranked in top 10 in San Francisco Times’ fastest-growing companies list
San Francisco: RedAwning has announced it has been ranked ninth in the San Francisco Business Times’ list of 100 fastest-growing private companies in the Bay Area. In doing so, RedAwning has cemented its reputation as the fastest growing travel startup on the list for the second consecutive year. This year, however, the company has moved […]
San Francisco Airbnb landlords agree to pay $2.25 million for illegal renting
San Francisco: A San Francisco couple has paid $2.25 million to settle claims they ran an illegal hotel chain through the vacation rental platform Airbnb. Landlords Darren and Valerie Lee agreed to pay the cash to cover fines and investigation costs after offering 14 apartments as short-term rentals instead of lawfully renting the units to […]
Dubai startup Frank Porter expected to triple growth rate by the end of 2018
Dubai: Dubai-based property management company Frank Porter is set to triple its growth rate by the end of 2018, a year after its launch. The Dubai-based start-up manages private properties available for short term rent on home-sharing channels such as Airbnb, Booking.com, TripAdvisor, Expedia and HomeAway. Frank Porter founder Anna Skigin said the firm had […]
Prague residents call for increased regulation of short-term rental services
Prague: Prague may have become Europe’s fifth favourite tourist destination but its residents are petitioning for increased regulation of Airbnb in the city. They blame services like Airbnb for fuelling a 50 per cent jump in property values since 2013 and have called for the local government to raise taxes, tighten rules and limit the […]