Hostmaker: 800 properties managed in Madrid and Barcelona in 2020

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Hostmaker, which will close the year with a portfolio of 475 homes, has launched a service that facilitates rental management to property owners.

Proptech firm, Hostmaker, expects to close 2019 with a portfolio of assets under management of 275 units in Barcelona and 200 homes in Madrid, a figure that will grow in 2020. The head of the company in Barcelona, ​​Federico Fernández, has assured that the company expects 100% growth in Madrid and 50%, which would allow it to add a portfolio of more than 800 properties.

Although the company "closely observes" the coliving market, Fernández says that, for the moment, he does not plan to enter it and will continue to focus his business model on short and medium term rental, that is, between one and eleven months

The manager explains that there is "an interesting demand for short-term rentals in the corporate segment".

"These are managers who have to make more or less short stays to manage a project" and that open a new niche market for housing needs. Fernández foresees “an expansion of this market in both Madrid and Barcelona”.

The service allows owners and managers of holiday rentals to have greater control of aspects such as price, occupancy or confirmation of reservations. The company's CEO, Nakul Sharma, says that "digitalization is a key tool for improving the experience of both guests and owners".

The expected growth by the company will be accompanied by an increase in its workforce, although Fernández explains that the new additions will depend “on the needs of the company at all times”.

Currently, Hostmaker is present in London, Bangkok, Paris, Cannes, Rome, Florence and Lisbon, in addition to the two main Spanish cities. Its portfolio consists of more than 2,000 properties throughout Europe.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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