What we learned at the 2023 Skift Short-Term Rental Summit
US: STRz attended the Skift Short-Term Rental Summit in New York City – the first part of our content and media partnership with Skift focusing on events this year – and there were plenty of intriguing takeaways to unpick from an agenda containing a host of distinguished industry speakers.
Blueground raises $180m at $750m valuation
US / Greece: Short-term furnished apartment rental startup Blueground has raised $180 million in Series C funding, including $140 million in equity funding, from investors headed up by WestCap Group managing partner Laurence Tosi, giving the company a reported valuation of $750 million. Tosi, previously CFO of Airbnb and an investor in Sonder, led the […]
50 Urban Innovators changing the way we live- Part Five
Worldwide: In the lead up to URBAN LIVING FESTIVAL: stay-live-work, International Hospitality Media has created a list of 50 innovators who have changed urban life. These 50 have led some of the most dynamic, exciting and successful businesses in the UK and abroad, all of which have changed the ways we live and work. They […]
Sonder in talks over $150-175m investment
US: Short-term rental apartment operator Sonder is reportedly in discussions with prospective investors Fidelity and WestCap Group about raising funding for the company in the region of $150 million to $175 million. The hospitality unicorn, which signs multi-year leases in residential buildings and rents out units with hotel standard amenities for short-term stays, is believed […]
Airbnb gearing up for reported direct listing over IPO
US: Airbnb is reportedly gearing up for a direct listing rather than an initial public offering [IPO], sources revealed to Bloomberg. According to those same sources, it is believed that the short-term rental firm is set to hire Morgan Stanley and Goldman Sachs as joint lead advisers to its potential stock market flotation. While an […]
Airbnb achieves profitability for second year in a row
US: Airbnb, which is set to go public this year, said it was profitable on an EBITDA basis for the second consecutive year in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former […]