We've added new platforms to the Houst service. Homelike and Nestpick are available in all our Houst cities, and we hope Spotahome will be extending their service areas soon too. Find out more about their service, platform and audiences.
Spotahome started out as a student housing platform, but has moved far beyond that now. Their USP is online booking, so they send an employee to double-check every property so that tenants don't have to.
Audience: Spotahome is positioning itself as the Airbnb for extended stays, so the average booking length is around three months. Professionals and business travellers who want the ease of Airbnb with quality guaranteed are the primary audience. But there's a whole range of guests booking for extended stays.
Nightly rates: Professionals are often happier to pay a slightly higher price for peace-of-mind. This means monthly rates are higher on Spotahome than on sites like Rightmove. Longer stays normally have a slightly lower average daily rate than holiday bookings though, so bear this in mind.
Booking process: If booking requests don’t receive a firm response quickly then tenants tend to look elsewhere. We'll accept bookings on your behalf if there is availability on your calendar and the guest passes the vetting process. The maximum length of booking we will accept without contacting you is six months.
Nuts and bolts: Spotahome take a £500 deposit from each tenant. Properties are insured for an additional £500 by the platform. The platform fee is 8% + VAT. Cancellations forfeit the entire platform fee, and Houst may apply a £150 cancellation fee too. There is a non-refundable policy in place for guest cancellations.
Nestpick is a platform that specialises in month-to-month bookings, so adds a new string to our bow. The average booking length on their platform is between two and four months.
Audience: Anybody who is looking for a medium-term let. This could be corporate travellers, people moving cities or homes, or even longer-term travellers.
Nightly rates: Unlikely to be as high as short holiday bookings, but bookings for a month or two will command a higher fee than annual tenancies.
Booking process: The guest sends a request and we'll then have 48 hours to accept the booking. We need permission to accept bookings on your behalf, otherwise many will be missed. Once we accept the booking the guest has 72 hours to make the payments.
Nuts and bolts: The platform fee is 7% + VAT. Cancellations forfeit the entire platform fee, and Houst may apply a £150 cancellation fee too. There is a non-refundable policy in place for guest cancellations.
Homelike offers fully furnished apartments to business travellers with bills included. It has more than 65,000 listings in Europe.
Audience: Homelike is aimed squarely at corporate travel, and shows prices by month not night. It even offers company accounts to customers with certain upgraded features.
Nightly rates: The same principles apply to Homelike as Spotahome. Nightly rates may be reduced slightly compared to short-term holiday lets, but a corporate, multi-month booking is likely to achieve far higher returns than a standard tenancy.
Booking process: Corporate travellers often contact several different properties at once, so response times are essential. Our booking process once we receive a request is the same as Spotahome, above.
Nuts and bolts: Homelike take a £500 deposit from each tenant. Additonal insurance is underwritten by AXA. The platform fee is 10% + VAT. Cancellations forfeit the entire platform fee, and Houst may apply a £150 cancellation fee too. There is a non-refundable policy in place for guest cancellations.
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