PriceLabs completes integration with Direct PMS
US: Chicago-based PriceLabs, a revenue and yield management tech provider for professional rental managers, has announced an integration with next-generation property management system Direct. Direct co-founder and CEO, Wes Smithe, said: “We’re very excited to announce our integration with PriceLabs. Their system is amazingly powerful, their onboarding process is very organised, and their team is […]
Sonder announces investment and growth in Chicago
US: San Francisco-based apartment operator Sonder has raised $225 million in a fourth round of private equity funding, with estimations valuing the company’s investment at about $1 billion. The investment has been led by Valor Equity, Westcap and Nicolas Pritzker’s Tao Capital Partners, with participation from Fidelity, Atreides Capital, ARod Corp, Spark Capital, Inovia Capital […]
Airbnb cooperates with European Commission on consumer offerings
Europe: After negotiations with Airbnb, The European Commission has confirmed that the platform has improved and fully clarified the way it presents accommodation offers to consumers. It announced Airbnb had brought its operations into line with the standards set in EU consumer law, following calls from the European Commission and EU consumer authorities last July. […]
Tel Aviv municipality approves large Airbnb tax hike
Israel: Tel Aviv residents renting out apartments on a short-term rental basis on platforms like Airbnb have been informed by the municipality that they will have to pay over double the regular rate. In a letter attached to the most recent municipal tax bill, apartment owners renting out their homes will now be required to […]