OrientStay lists 200 flats in nine cities, and is seeking investors at Europe-Iran Forum in Geneva

A Swiss company has opened an Airbnb-style accommodation service in Iran, as more western firms seek business opportunities in the country after a deal was reached to curb Tehran’s nuclear programme in return for sanctions relief.

OrientStay, which began operating two weeks ago, lists 200 flats in nine cities including Iran’s top tourist destination of Isfahan. So far five foreign customers have reserved accommodation, two of whom are currently visiting Iran.

The site’s director, Mehrzad Khoï, is attending a two-day conference in Geneva in the hope of finding further investment. Around 600 people have gathered at the Grand Hotel Kempinski for the second Europe-Iran Forum*.

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