TravelNest chief executive Doug Stephenson and chief operating officer Rebecca Moore
By Kristy Dorsey
Vacation rental platform TravelNest has secured £1.8 million in government-backed funding to grow its customer base following what its founder has described as a fundamental shift in the travel market.
Like the wider industry, the Edinburgh-based start-up saw a plunge in bookings in the weeks immediately after the first national lockdown in the spring. But as restrictions loosened through the summer, founder Doug Stephenson said the firm noticed distinct trends taking hold that are expected to drive demand for its service, which automates the marketing for vacation rental properties on sites such as Airbnb, Expedia and TripAdvisor.