In travel tech, 4 rivals merge in Europe to form Altido for property management of Airbnb-style homes

In Europe, four competitors in the travel tech industry merged to form Altido, a property management company specializing in managing Airbnb-style homes. This consolidation suggests a growing trend towards professionalization and larger-scale management in the STR market, providing hosts with access to a broader suite of services. The merging of these companies aims to streamline operations and offer comprehensive solutions for property owners.