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Egypt: The Egyptian Government has announced plans to tighten short-term rental regulations in the country.
Spain: Alicante City Council has imposed a two-year ban on new licences for short-term holiday rentals in order to address concerns over mass tourism and local available housing supply.
Greece: A one-year ban on new short-term rental registrations has come into force in Athens as the Greek authorities bid to address a housing shortage and perceived overtourism.
US: Vacation rental property management franchise company Casago is acquiring Portland-based vacation rental management platform Vacasa for a reported $128.6 million.
British Virgin Islands / South America: Latin American online travel service company Despegar has entered into a definitive merger agreement to be acquired by global technology firm Prosus, with the deal valuing Despegar at $1.7 billion.
Spain: Spanish authorities have launched an investigation into Airbnb for allegedly failing to remove “thousands” of illegal short-term rental listings from its platform.
US: The US Federal Trade Commission [FTC] has passed a rule that will ban hidden “junk fees” on short-term rentals, hotels and live event ticket prices.
US: Expedia Group has announced the appointment of Shilpa Ranganathan as its new chief product officer, marking her return to the company to lead its product and design teams.
Italy: Pricing trends for short-term rentals and hotels in more than 25 European capitals and destinations analysed by The Data Appeal Company – Almawave Group are providing valuable insights into the shifting dynamics of travel preferences as we approach New Year’s Eve [NYE] 2024.
Finland: All-in-one vacation rental software and management system, Hostaway, has announced that it has secured a $365 million strategic growth investment.