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Japanese company H2O raises $7m in Series B funding
Reading Time: 2 minutesJapan: Japanese vacation rental management company H2O, short for Hospitality 2.0, has closed $7 million in additional funding. This brings the total funding it has brought in to $18 million. H2O began its operations in 2015 with Wahome, a South Korean cleaning venture, before acquiring various Japanese companies to form H2O. Currently, the platform features […]
OYO purchases TUI Wolters’ short-term rental business
Reading Time: < 1 minuteWorldwide: OYO Vacation Homes has announced the addition of 17,000 homes to its vacation rental portfolio. The homes will come from business Wolters Reisen, which assumed control over TUI’s vacation home rentals in late 2019. Detlev Schaferjohann, owner of E-Domizil, the previous owners of the homes, said: “Following the acquisition of the entire TUI Wolters […]
Airbnb restricts u25 rentals after Toronto shooting
Reading Time: 2 minutesCanada: A shooting at a downtown Toronto building which left three young men dead and two others injured has renewed calls for action on stricter regulations on short term rental units. Global News revealed that local police were called to a shooting late on Friday night to the 32nd floor of a condo building on […]
Prague seeks restrictions on Airbnb to combat overtourism
Reading Time: 2 minutesCzech Republic: In an effort to fight the continued rise of tourism, the city of Prague has announced its intent to limit Airbnb. The introduction of Airbnb has massively changed the social makeup of the city, transforming sleepy residential districts into tourist hubs. The number of offerings on the site jumped from 5,537 to over […]
Airbnb quietly acquired Proprly in 2016
Reading Time: 2 minutesUS: Airbnb revealed this weekend that it had purchased property management company Proprly in 2016, according to Business Insider. Proprly’s model adds short-term rentals specific services to Airbnb’s portfolio, such as cleaning, guest care and beyond. Airbnb had previously purchased property management software provider Luckey in 2018. These developments foreshadow the company moving in the […]
Short Term Rentalz · STRz podcast 30: Chris Stephenson, Homes & Villas by Marriott International
Reading Time: < 1 minuteShort Term Rentalz · STRz podcast 30: Chris Stephenson, Homes & Villas by Marriott International