Homelike Closes After 10 Years in Corporate Long-Stay Rentals

Homelike, a Germany-based platform specializing in long-stay furnished apartments for corporate travelers, has officially shut down after a decade in business. The company announced the closure on its website, stating that it is no longer accepting new bookings. However, all existing bookings remain valid, and users can access booking details through their Homelike dashboard until the end of the month.

Founded in 2014, Homelike grew to offer over 45,000 furnished apartments in approximately 100 cities across Europe. The company expanded into the Netherlands in 2018, Spain in 2019, and the United States in 2021. It catered primarily to business travelers seeking mid- to long-term stays.

In 2023, Homelike secured a significant “eight-digit” investment from hospitality-focused QIG and merged with Q Global Network, a portfolio company under the same group. That same year, the company reported $100 million in booking volume. Back in 2018, it had raised $14 million to support expansion, technology upgrades, and product development.

Despite its growth and funding milestones, Homelike has now ceased operations without offering detailed reasoning behind the decision. The closure marks a surprising turn for a brand that had positioned itself as a key player in the corporate housing and extended stay market.

As the demand for flexible housing solutions evolves post-pandemic, Homelike’s exit reflects the shifting landscape and increasing competition in the long-stay rental sector. Former users are encouraged to retrieve any needed booking information before the platform becomes inactive at the end of the month.

Tags: phocuswire

Homelike Closes After 10 Years in Corporate Long-Stay Rentals

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