Airbnb host handed €6k fine by Frankfurt authorities
Germany: An Airbnb host in Frankfurt has been handed a €6,000 fine for letting out her apartment via the rental platform without having obtained the required authorisation. The news is another sign that city authorities, both in Germany and around the world, are taking an increasingly strict stance when it comes to hosts illegally operating […]
Expedia Group acquires CanadaStays marketplace
Canada: Expedia Group has completed its acquisition of Canada-based vacation rental marketplace CanadaStays, having already held a strategic partnership together since 2015. Though the full terms of the deal have not been announced, Expedia Group revealed it had purchased the shares of the company in full that it did not already own. Subsequently, CanadaStays, which […]
Veeve partners with luxury estate agents Aston Chase
UK: Premium short-term rental firm Veeve has partnered with luxury estate agents Aston Chase in order to maximise summer lettings opportunities from foreign guests visiting London this August. According to Aston Chase, short term Prime Central London (PCL) rentals are achieving up to £15,000 per week in the peak August months, according to luxury estate […]
Cosi secures €5 million in seed funding pre-launch
Germany: Berlin-based hospitality startup Cosi, which has an alternative offering to short-term rental apartments and boutique hotels has secured €5 million in a seed funding pre-launch. The round was led by venture capital companies Cherry Ventures and e.ventures, with participation from various travel, real estate and hospitality entrepreneurs and experts. The other participants in the […]