Saudi short-term rental platform Gathern raises $72m Series B
Saudi Arabia: Riyadh-based short-term rental platform Gathern has secured $72 million [SAR 250 million] in Series B funding, valuing the company at over $266 million [SAR 1 billion]. The round was led by Sanabil Investments, with participation from STV, Nuwa Capital, Endeavor Catalyst, and Pinnacle Capital. Founded in 2017, Gathern has become one of the […]
PAI Partners sells stake in Eurocamp owner ECG to Saudi investor
France: European private equity firm PAI Partners has agreed to sell a “significant” minority stake in outdoor accommodation group European Camping Group [ECG] to a wholly owned subsidiary of the Abu Dhabi Investment Authority [ADIA].
Silkhaus closes “seven-figure” growth round
UAE: Dubai-based short-term rental proptech startup Silkhaus has closed a “seven-figure” growth round, almost a year to the day since it finalised a “multi-million” pre-Series A funding round.
Ennismore adds Our Habitas to lifestyle portfolio
Worldwide: Lifestyle hospitality company Ennismore has added sustainable outdoor brand Our Habitas to its portfolio.
SCALE Show 2024: One Perfect Stay founder Mahwussh Alam
Spain: Mahwussh Alam, founder and CEO of One Perfect Stay, speaks to STRz at the recent SCALE Show in Barcelona.
BirdNest closes pre-Series A funding round
Egypt: Egyptian proptech startup BirdNest has closed an undisclosed – but “significant” – pre-Series A funding round as it sets its sights on further international expansion.
Accor “in advanced talks to buy Habitas”
Worldwide: Global hospitality company Accor is reportedly in advanced talks to buy luxury hotel and lodging brand, Habitas, according to Bloomberg.
2023 Wrapped: The STRz stories that defined a year
Worldwide: As we approach the end of 2023, we revisit the 20 stories that defined a year for short-term rentals, as well as our favourite video, podcast and webinar from the last 12 months.
UAE and Saudi Arabia travel trends to boost GCC tourism
UAE: Al Rais Travel, the official DMC partner of Arabian Travel Market [ATM], has highlighted the latest trends supporting the growth of the tourism industry in the United Arab Emirates [UAE], Saudi Arabia and the rest of the GCC [Gulf Cooperation Council].
Unified tourist visa to drive demand in GCC member states
GCC: Member states in the GCC [Gulf Cooperation Council] have agreed to roll out a unified tourist visa, which is set to fuel a spike in short-term rental demand across the region.