Industry Update
Press Release 3 June 2016

Homelike expands to Switzerland

Largest marketplace for temporary housing in DACH region

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Homelike

Cologne -- The B2B online booking platform for temporary housing Homelike has succesfully expanded its business to Switzerland. Homelike now offers more than 12,000 furnished apartments in 20 cities in the DACH (Germany, Austria and Switzerland) region, which can be booked entirely online. The German based property technology (PropTech) startup is currently the largest provider of temporary housing for corporate and business travellers in DACH region, starting at rental periods of one month.

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Expansion due to high customer demand

Due to a noticeable growth in demand from its corporate customers, Homelike has expanded its portfolio to Switzerland, with main focus on Zurich, and with further expansion into the Swiss market planned for later in the year. 'We have already more than 400 corporate customers, highly interested in both an international portfolio and our entirely online booking process. Homelike is the smart alternative to a hotel room when it comes to long term stays. The real estate market in Switzerland is growing and offers great potential. After a successful expansion to Austria in December 2015, we are now planning to move into Europe's largest cities. The technical integration and the different prevailing legal norms in comparison to Germany were challenging for us in the beginning.' says Christoph Kasper, founder and CEO of Homelike.

Homelike now offers a selection of 1,000 furnished apartments in Switzerland. 'Our corporate customers, who come from all industries are now able to get an overview of the entire extended stay market in all three DACH countries. They can compare prices, locations and property characteristics very easily and in a truly digital experience. That is unique.', states Dany Alexander Abul-Ella, Head of Real Estate at Homelike. 'With our self-developed Property Management System (PMS) for landlords, we make it possible to easily manage and market large portfolios of furnished apartments. Our service fee is not only in a moderate single-digit percent level, which is below market average but we also cater our clients more through a digital process. The landlord is only charged when a booking has been made successfully.'

Homelike has established a market leading platform that brings the business travel and real estate industries together. This PropTech disrupts the real estate industry, especially the market for temporary housing. Homelike has established itself as a corporate housing expert and is now the largest provider in German speaking markets. The website is currently available in German and English and support for further languages are planned for later in the year.

The company Homelike (www.thehomelike.com) is an online B2B platform that specializes in the brokerage of furnished apartments and corporate housing to companies and business travellers. The founders and CEOs of the company are Dustin Figge and Christoph Kasper. Homelike currently holds more than 12,000 apartments in its portfolio of furnished apartments, serviced apartments and boarding houses, which are located in 20 different cities in Germany, Austria and Switzerland. Homelike is constantly growing and broadening its presence in Europe.

Contact
Anja Huchthausen
Homelike Internet GmbH
Phone: +49 221 988 611 88
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