Founded in 2011, 9flats, the Europe-based private housing reservation service has turned profitable.9flats

Roman Bach is the new CEO of the company, and Stephen Uhrenbacher will be the chairman of the advisory board. In 2012, 9flats acquired Canada-based private rental marketplace iStopOver.

Bach says “This segment is the fastest growing business model in online travel.

Achieving profitability is an important step for our further growth. Yet the next years are not only about profits, but also about continued growth.”