DriveMyCar soars on Airbnb partnership

DriveMyCar soars on Airbnb partnership

One of Australia's fastest emerging sharing economy businesses, DriveMyCar, has scored an Australian first by becoming an affiliate partner of accommodation giant Airbnb.

DriveMyCar, owned by parent company Collaborate Corporation (ASX: CL8), has joined the pay-for-performance program for partners who promote hosting on Airbnb.

The company says DriveMyCar is one of the first Australian Airbnb affiliates, offering incentives to customers who list their properties on Airbnb.

The partnership comes naturally to both companies which are major players in the peer to peer sharing economy.

DriveMyCar customers already list their cars for rent while they are travelling, making a referral program with Airbnb a natural extension of the business' operations, as it is already targeting vacationing Australians who will be away from their home.

In addition to DriveMyCar, Collaborate owns MyCaravan (a peer-to-peer caravan rental business) and Mobilise (a rental marketplace for under-utilised assets.

Shares in Collaborate are booming on the back of the announcement, up 29.41 per cent to $0.02 per share at 12pm AEST.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Does your pay structure answer today's challenges?
Partner Content
If you are not reassessing how your organisation remunerates and rewards employees as a...
Aon
Advertisement

Related Stories

Solar champions Anson Zhang and Jeff Yu win Sydney Young Entrepreneur of the Year Award

Solar champions Anson Zhang and Jeff Yu win Sydney Young Entrepreneur of the Year Award

It was a case of third time's a charm last night for the founde...

ANZ sued by ASIC over alleged lending failures

ANZ sued by ASIC over alleged lending failures

One of the country’s largest banks is in the sights of the Au...

Robot bricklayer FBR to raise $10m for commercialisation

Robot bricklayer FBR to raise $10m for commercialisation

Perth-based robotic bricklaying technology company FBR (ASX: FBR) i...

The Sydney Young Entrepreneur Awards are back with a star-studded line-up tonight

The Sydney Young Entrepreneur Awards are back with a star-studded line-up tonight

Sydney is roaring back to its usual self tonight with finalists in ...