Skift Take
When an investment banker says the market isn't going to deliver value, it's a wake up call.
Dealmaking has kept short-term rental businesses in Europe busy. The past few months have seen an uptick in activity — be it mergers, or acquisitions or rebrandings.
We've seen DoveVivo assemble all of its brands as Joivy and German hospitality brand Numa Group took Yays Group off the hands of Proprium Capital Partners.
Holidu folded its subsidiary Bookiply and private equity firms Accel Partners and KKR advised the merger of proptech companies UK-based Reapit and Canadian company Payprop.
With this activity, we are finally witnessing the consolidation of the hyper-fragmented market. But why is Europe seeing more of it than the U.S.?
Skift spoke to Morgann L