Meet ALTIDO! Effort of four European short-term rental brands to take down mighty Airbnb

Meet ALTIDO! Effort of four European short-term rental brands to take down mighty Airbnb

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Property management platforms like Airbnb and Booking.com have gone beyond the mainstream, providing travelers with plenty of alternatives to the traditional hotel experience, at substantially lower prices. Having said that, if you are staying in a different region, it allows you to experience a slice of cultural immersion as well.

While Airbnb has been dominating this segment for a while, there are other options when it comes to finding your perfect vacation accommodation. In a recent development, four European short-term rental property management companies have teamed up to create a new company called ALTIDO.

The founding companies are – The London Residents Club (U.K), BNBbuddy (U.K), Hintown (Italy) and Rent Experience (Portugal). At present, the company is headquartered in London with remote offices Lisbon, Milan, Edinburgh and Rome.

Davide Ravalli, the co-founder of ALTIDO and CEO of Hintown, said:

We are very excited to be combining forces with the other three companies. Between us, we represent a unique route to market with a vision to be a pioneer in the global hospitality industry. Our core focus is on quality for both guests and owners; offering a design-led portfolio of short-term rentals with hotel standard services to match.

Furthermore, all four companies were profitable ahead of the merger. According to Michael Allen, Managing director of BNBuddy, ALTIDO is looking out for Series A funding around 10 million dollars to expand aggressively in the European market.

On the other hand, the company has around 1,700 properties located in 21 European locations combined. The team on the ground will take care of owner relations, cleaning and maintenance, 24/7 guest communications and heightened guest experience. Moreover, ALTIDO portfolio includes a diverse range of distinctive private rentals, serviced apartments, apart-hotels and guesthouses.

Apart from Airbnb and ALTIDO, here are some other companies you may want to check out when looking to rent a holiday home in Europe.

HomeAway

Founders: Carl Shepherd

HomeAway enables property owners and managers to market properties for rental to vacation travelers alongside its subsidiaries. It operates its marketplace through 40 websites in 22 languages. This platform also offers travelers, owners, and property managers the tools, data, and insights they need to create the best all-around experience. HomeAway and its brands, including Vrbo.com, are part of the Expedia Group family of brands.

Booking.com

Founder: Kees Koolen

Founded in 1996, Booking.com is the world’s most popular hotel reservations website, with trusted services in 41 languages. Based out of Amsterdam, it offers over 566,189 properties in 210 countries.

Flipkey

Founders: Carl Query, Jeremiah Gall, TJ Mahony

FlipKey is a vacation rental marketplace that enables users to find and book a place to stay through its web platform. It is a part of TripAdvisor Rentals, with more than 830,000 properties in 190 countries.

VRBO

Founder: David Clouse

VRBO provides an online space for homeowners to advertise their vacation properties and make it easy for travelers to search for 140,000+ rentals in over 100 countries worldwide. VRBO was founded by vacation rental owners who self-manage their second homes. It is a part of HomeAway and the Expedia Group family of brands.

9flats

Founder: Roman Bach, Stephan Uhrenbacher, Stephan Uhrenbacher

9flats is a private community of people renting and letting short term accommodations. With this platform, you can rent your flat to other travelers whenever you aren’t home for a few days, a few weeks or even a few months. Furthermore, the company aims to make travel more rewarding, comfortable and affordable, and to give homeowners an easy way of boosting their income.

Stay tuned to Silicon Canals for more updates in the tech startup world.

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