London’s top Airbnb management company has opened a new branch in Lisbon as part of its global expansion following a US$15m funding round last month.
Hostmaker, the largest VC-backed homestay hospitality management team in Europe, has announced the launch of its Lisbon branch following a US$15m funding round last month.
The Lisbon office represents the fifth location for the London-based company, which offers consistent, high-quality hospitality services.
The company hopes to capitalise on Lisbon’s recent boom in rental properties, with AirDNA revealing a 67% increase in rental properties since 2016.
Currently only open to host applications, Hostmaker is looking to attract a breadth of hosts to the platform – from property investors to couples looking to rent a spare room.
Hostmaker was founded in 2014 by Airbnb ‘Superhost’ and entrepreneur Nakul Sharma, who wanted to take the hassle out of managing short-term rentals for homeowners.
Alongside offering housekeeping from five-star hotel trained staff, professional photography, daily pricing reviews and quest relations, the platform also facilitates property profile and listing across platforms including Airbnb, TripAdvisor and Booking.com.
The Lisbon operation will be headed up by general manager Inês Nobre, who acted as operations manager during the company’s expansion in Barcelona last year.
Hostmaker has so far carried out over 150,000 services across Europe, growing at a rate of 400% year-on-year. It currently operates in London, Paris, Rome and Barcelona – four of the largest global markets for Airbnb.
Speaking about the expansion, Nakul Sharma, Hostmaker’s founder and CEO, said: “Every year we go from strength to strength, and we are delighted to introduce Lisbon as our newest city. We can’t wait to roll out the full service in January and look forward to welcoming new members to Hostmaker.
"This is an exciting opportunity to further develop the Hostmaker brand and become fully-fledged members of the Lisbon community.”
Inês Nobre, general manager of Hostmaker Lisbon, added: “This is a great new adventure for the company, and I’m excited to head up the team in our first Portuguese office. Lisbon offers a wealth of hot spots and hidden gems, and we can’t wait to get to meet our new hosts.”