EDITOR'S COMMENT
• In my three and half years working in the short-term rental / vacation rental industry, it is hard to recall a similar period with such frenzied activity in the space, both in terms of investment, and mergers and acquisitions [M&A].
Just this week, the likes of Minut, Glimpse and Touch Stay have all secured investment, and the number of startups in particular closing pre-seed and seed rounds is hugely encouraging for the entire industry. While the three companies all offer different services in the space, it points to how the industry is reacting to becoming more mainstream by providing new solutions to heightened legislative / regulatory pressures and evolving guest demands.
On the M&A side, HomeToGo's second acquisition in three months [this time e-domizil GmbH] is fresh evidence of the increasing competition in the short-term rental market, which will see bigger industry players grow their market share by acquiring smaller players.
• After hosting our Recharge event in Paris last week, the accelerating convergence between hospitality and real estate asset classes is becoming even more clear, as I discussed here with PriceLabs' Fausto Vieira da Silva. Stay tuned for more Recharge content this week.
That sets us up nicely for our upcoming RockSTRz webinar this Tuesday, which will explore "The new categories of flexible living" on Tuesday 5 April [4pm BST]. I'll be joined by Jason Fudin [Placemakr], Emmanuel Lavoie [Jetstream], Fred Lerche-Lerchenborg [Lavanda] and Brian Carrico [The Guild] - sign up for the no-cost session here.
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