Alex Chatzieleftheriou travel tips

AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce. Responding to a Skift inquiry, the Los Angeles-based vacation rental property manager tied the layoffs to platform and tech improvements, adding that the company is profitable.

Blueground secures capital from top-tier investors, expands sector dominance, and innovates with new business models.

New York-based Blueground, the property-management company that operates furnished 30-plus-day rentals, has raised $45 million in a series D round. 

Blueground is seeing its apartments being rented out as safe havens from political upheavals.

Blueground, the property management company that operates furnished 30-plus-day rentals, has acquired Nestpick in an equity-based deal. Nestpick’s platform lists month to month rentals of furnished accommodation. The company is registered in Germany, with offices in New York.

The evolution of blended leisure and business travel has been an enormous boon for businesses in all sectors of the travel industry, including short-term rentals. The rise in demand for short-term rentals can be attributed in the part to the surge in blended travelers.

The short-term rental industry has seen a significant boom following the pandemic, largely due to the rise in remote work. However, industry executives gathered at Skift’s Short-Term Rental Summit to discuss the future of the sector and its sustainability.