Vacation Rental Startups Attract $100 Million in Funding So Far This Year

Vacation rental startups attracted nearly $100 million in venture capital funding during the first quarter of 2016 with most of the funding concentrated across the U.S. and Europe. The alternative accommodations sector attracted the most funding of any sector in 2015 and it appears that momentum has continued during the first four months of this year. Skift has tracked 11 accommodations startups since January that received investments ranging from $1 million to $35 million. Five of the startups are consumer-facing and focus on helping travelers book vacation rentals while three help property managers manage their bookings or homes and the other three serve both.Venture capitalists have plenty of reason to throw cash at vacation rentals and entrepreneurs are trying to take advantage. Click here for the full story (Source: Skift).