Bookings and demand fluctuate for US rentals in February
US: Short-term rental analytics and data provider, AirDNA, has released its latest monthly review, in which it revealed short-term rentals in the United States hit two records in February, seeing both the worst performance for demand and the best month for new bookings ever. Demand for US short-term rentals fell by 27.5 per cent in February, compared […]
Rentals United announces two new product developments
Barcelona: Channel manager Rentals United has announced two new developments, the Channel Management API and the Rentals United White Label, that provide additional features to the property management software [PMS] while simplifying the processes involved. The new Channel Management API allows for more streamlined operations across different technology platforms. The Rentals United White Label product gives property management […]
Vacasa to acquire TurnKey Vacation Rentals
US: Portland-based vacation rental management platform Vacasa has announced that it has signed an agreement to acquire TurnKey Vacation Rentals, a vacation rental manager for premium homes in more than 80 destinations across the United States. The transaction brings together two prominent vacation rental management companies with complementary portfolios and capabilities. The deal is expected to close […]
Nuurez raises $1.1m in crowdfunding campaign
US: Nuurez, a next-generation provider of alternative residential real estate solutions, has raised more than $1.1 million for its real estate system with a crowdfunding campaign primed to close on 15 March. To date, the company holds 1,154 active investors and an endorsement by Shark Tank’s Kevin Harrington. Nuurez allows investors to list owned and rented properties […]
UK holiday let prices skyrocket with staycation demand
UK: Research from “consumer champion” brand Which? shows that holiday let prices have increased by as much as 140 per cent in certain UK seaside destinations compared to the same time a year ago. While so-called celebratory “vaxications” are on the rise among travellers itching to spend their saved-up money on travel, there is, on […]
OYO rebounds to reported $9bn valuation
India: Hospitality chain OYO Hotels & Homes has seen its valuation reportedly rebound to over $9 billion, following a US$7.4 million [540 million Indian rupees] Series F1 funding round earlier this year. The funding round was completed in January and was led by Hindustan Media Venture. OYO said it would use the funding to […]