The Plum Guide
{{Short description|Vacation rental company}}
{{Infobox company
| name = Plum Guide
| type = Privately held company
| founders = {{Unbulleted list|Doron Meyassed|Imran Arshed|Arif Meherali|Alex Lee}}
| founded = 2016
| hq_location_city = London
| area_served = Worldwide
| industry = {{Unbulleted list|Travel|Hospitality Service|Vacation Rental}}
| services = Travel, Lodging, Hospitality
| website = https://www.plumguide.com/
}}
Plum Guide is a global vacation rental company headquartered in London, UK, with offices in New York and Hong Kong. The company was launched in 2016.{{cite news |last1=Heathman |first1=Amelia |title=Homestay start-up The Plum Guide is expanding to the US and Italy |url=https://www.standard.co.uk/tech/the-plum-guide-expansion-new-york-italy-a3911956.html |work=Evening Standard |date=16 August 2018 |language=en}}
Overview
Plum Guide curates a list of short-let rental properties. It was initially a city-focused initiative with its primary collections in London, Paris, New York and Los Angeles. Later, the company expanded and as of 2021, it has properties in over 500 destinations across 29 countries on its portal.{{cite news |last1=Cottn |first1=Barney |title=Plum Guide secures $9m led by Beringea and launches Crowdcube round |url=https://www.businessleader.co.uk/plum-guide-secures-9m-led-by-beringea-and-launches-crowdcube-round/ |work=Business Leader |date=26 October 2021}}
The company uses an algorithm to build a database of all the homes available in a destination, then systematically puts it through rounds of quality control, including a Plum Test, to come up with the top homes. It also comprises an on-site assessment by an independent Home Critic.{{Cite news|url=https://www.thetimes.com/life-style/property-home/article/the-finest-homestays-could-your-house-pass-the-plum-test-wr7md663g|title=The finest homestays: could your house pass the Plum Test?|last=Davies|first=Helen|work=The Sunday Times|access-date=2017-06-01|language=en}}{{subscription required}}{{Cite news|url=https://www.standard.co.uk/business/entrepreneurs-the-holiday-fanatic-curating-the-finest-stays-in-the-capital-a3539571.html|title=Entrepreneurs: Holiday fanatic curating the finest stays in London|date=2017-05-15|work=Evening Standard|access-date=2017-05-18|language=en-GB}}{{cite news |last1=Butcher |first1=Mike |title=The Plum Guide raises $18.5M to expand its ‘vacation homes for the elite’ service |url=https://techcrunch.com/2019/03/20/the-plum-guide-raises-18-5m-to-expand-its-vacation-homes-for-the-elite-service/ |work=TechCrunch |date=March 21, 2019}}{{cite news |last1=McGrath |first1=Katherine |title=Listing Your Rental Home on the Plum Guide Is Harder Than Getting into Harvard |url=https://www.architecturaldigest.com/story/listing-rental-home-plum-guide-harder-getting-into-harvard |work=Architectural Digest |date=2 October 2018}} As of May 2017, the company reports that it has tested 67,527 London properties, of which 674 have been accepted for inclusion on the website.{{Cite web|last=Millington|first=Alison|title=A global home stay platform that only accepts 1 in 100 properties wants to become the 'Michelin Guide' of the rental world through its tough vetting process|url=https://www.businessinsider.com/plum-guide-wants-to-be-michelin-guide-of-home-rentals-2019-7|access-date=2021-10-31|website=Business Insider|language=en-US}}
Funding
Plum Guide was launched with £380,000 in funding, majorly from angel investors. They raised a second round of funding in late 2016 raising £1.8M from VC Local Globe. The company also raised £5.7M in a Series A round led by Octopus Ventures, and in 2019, it raised £14M in a Series B round led by Talis Ventures, Hearst and Latitude as well as participation from existing investors.
Reception
According to The New York Times, “In an increasingly crowded market of vacation home rental companies, the Plum Guide stands out for its selective list of properties and high standards of service.”{{cite news |last1=Vora |first1=Shivani |title=Looking for a London Vacation Rental? We Tried the Plum Guide |url=https://www.nytimes.com/2017/09/01/travel/london-vacation-rentals.html?mcubz=1 |work=The New York Times |date=1 September 2017}} As per Marie Claire, “The way the company is different to other rental companies is that they work with the owners to tailor your time,”{{cite news |last1=Chui |first1=Delphine |title=How To Stay On A Traditional (But Hi-Tech) Houseboat |url=https://www.marieclaire.co.uk/life/houseboat-535652 |work=Marie Claire |date=9 August 2017 |language=en}} and as per Harper’s Bazaar, “Staying with The Plum Guide felt like being in the sort of chic home you wished you owned and far from standard, impersonal holiday rentals.”{{cite news |last1=Alex |first1=Ella |title=Our verdict on the luxury version of Airbnb: The Plum Guide |url=https://www.harpersbazaar.com/uk/travel/a13032997/introducing-the-plum-guide-our-verdict-on-the-new-luxury-version-of-airbnb/ |work=Harper's BAZAAR |date=19 April 2021}}