European Vacation Rental Platform Awaze Felt Affordability Squeeze in 2025

Awaze, Europe's largest vacation rental group, kept rates flat in 2025 to attract cost-conscious travelers, maintaining direct bookings at 72%, but net revenue slipped 1.3% to €378 million. Adjusted EBITDA rose 20% and losses narrowed, but cash shrank and net liabilities emerged ahead of a 2028 refinancing.