Pass the Keys
| ISIN | 🆔 |
|---|---|
| Industry | Short term rental property management |
| Founded 📆 | May 15, 2015 in London, United Kingdom |
| Founder 👔 | Alexander Lyakhotskiy |
| Headquarters 🏙️ | , London , United Kingdom |
Area served 🗺️ | United Kingdom and Spain |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
| Part of a series on |
| Homestays |
|---|
| Hospitality exchange services |
| Hospitality for work |
| Hospitality for money |
| Home exchange and others |
Pass the Keys is a British short-term rental property management company operating in the United Kingdom and Spain. It operates a franchise model, providing technology and services to local partners who manage properties on behalf of owners.[1] The company's platform allows property owners to list their homes on various booking websites, including Airbnb and Booking.com [2]
History
Pass the Keys was founded in 2015 by Alexander Lyakhotskiy in London. The company initially operated as a property management service before developing its proprietary technology platform.[3]
In 2019, Pass the Keys shifted to a franchise business model to accelerate its growth across the UK.[3] This model allows independent local partners to operate under the Pass the Keys brand, providing a localised service in their respective territories[4]
In 2020, the company secured over £1 million in a crowdfunding round on the Seedrs platform. The funding was used to expand its franchise programme and invest in product development.[5]
In 2021, the company won the New Franchisor of the Year and Best Technology and Innovation awards at the Virtual Franchising Awards .[6] It was named a finalist for British Franchise Association Emerging Franchisor of the Year in 2023,[7] and it was again recognised at the Virtual Franchising Awards winning Franchisor of the Year.[3] The company was recognised as a Top 100 Franchise by Elite Franchise Magazine in 2025.[3]
The company began its international expansion by opening franchises in Spain from 2023.[8]
Services
Pass the Keys operates as a franchisor in the short-letting industry. Its business model is based on providing a "hassle-fee" management service to property owners.[9] This includes:
- Listing and Marketing: The company lists and manages properties on various platforms such as Airbnb, Booking.com, Vrbo, and its own direct booking website, book.passthekeys.com.[9]
- Dynamic Pricing: A proprietary technology platform is used to optimise nightly rates based on real-time market data to maximise revenues[9]
- Guest Management: This involves guest vetting, 24/7 guest support, and handling check-ins and check-outs.[10]
- Property Maintenance: Local partners arrange professional cleaning, laundry, and general maintenance for the properties.[10]
References
- ↑ Karantzavelou, Vicky (24 September 2025). "Pass the Keys adopts management franchise model to scale short-term rental operations". Travel Daily News International. Retrieved 17 October 2025.
- ↑ "How Pass the Keys empowers entrepreneurs in the short-term rental market". Elite Franchise. 19 May 2024. Retrieved 8 October 2025.
- ↑ 3.0 3.1 3.2 3.3 "Celebrating 10 Years of Innovation and Growth". Total Franchise. 23 April 2025. Retrieved 8 October 2025.
- ↑ Stevens, Paul (31 May 2019). "Pass the Keys grows due to partnership programme". Short Term Rentalz. Retrieved 8 October 2025.
- ↑ Stevens, Paul (4 September 2020). "Pass the Keys crowdfunding round surpasses £1m". Short Term Rentalz. Retrieved 8 October 2025.
- ↑ Stevens, Paul (5 May 2021). "Pass The Keys recognised at Virtual Franchising Awards". Short Term Rentalz. Retrieved 8 October 2025.
- ↑ "100 of the best – the franchise industry comes together to celebrate". the BFA. British Franchise Association. 24 March 2023. Retrieved 8 October 2025.
- ↑ "Pass the Keys – Transforming property management". Elite Franchise Magazine. 2024-02-13. Retrieved 8 October 2025.
- ↑ 9.0 9.1 9.2 Nanrah, Gurjeet (22 August 2021). "Couple to make most of "hassle-free" Nottingham staycations with new company". NottinghamshireLive. Reach PLC. Retrieved 17 October 2025.
- ↑ 10.0 10.1 Bailes, Kathy (5 January 2024). "Friends take over Thanet holiday-let management franchise". The Isle of Thanet News. Retrieved 17 October 2025.
External links
This article "Pass the Keys" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Pass the Keys. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
