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Short Stay Show predicts 2020 short-term rental trends
Reading Time: 2 minutesWorldwide: Labelled as the biggest disruptor in the travel industry, the short stay sector has boomed over the past decade and shows no sign of slowing down. In London alone, City Hall acknowledged that the 2.2 million guests who stayed in short-term rentals in the year to July 2018 generated £1.3 billion for the local […]
OYO to set up COVID 19 fund for South East Asian partners
Reading Time: < 1 minuteWorldwide: OYO Homes and Hotels has announced the establishment of a $200,000 fund for its South East Asian partners impacted by the COVID-19 strain. This follows the company’s earlier commitment to a RMB 1 Million fund, dedicated to helping operators in China, its second largest market. Both the CEO, Dr. Mandar Vaidya, and many other […]
Short-term let community reacts to ITV Airbnb documentary
Reading Time: 2 minutesUK: Following the airing of a television documentary on ITV last week, Airbnb and individuals from the hospitality community have given their reaction to ShortTermRentalz. Airbnb: The True Cost? , a Tonight programme special, went out on the British channel on Thursday 20 February, and weighed up the consequences of the home-sharing platform’s “stratospheric” growth […]
Hostmaker parent firm “files notice of intention to appoint administrators”
Reading Time: 2 minutesUK: According to a report in the Sunday Times newspaper, property management firm Hostmaker is urgently seeking talks with new investors as it continues to struggle with spiralling losses. The company, which is bankrolled by backers including Thai property developer Sansiri and Hong Kong real estate investor Gaw Capital, is reported by the newspaper to […]
Abu Dhabi begins holiday home regulatory drive
Reading Time: 2 minutesAbu Dhabi: Abu Dhabi’s Department of Culture and Tourism [DCT Abu Dhabi] is on the verge of implementing new regulations on holiday home rentals in the emirate, according to Gulf News. The action is being enforced by the Executive Council of the Emirate of Abu Dhabi, regarding the regulation and licensing of vacation rental homes […]