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Booking Holdings post $699 million Q1 loss
Reading Time: 2 minutesWorldwide: Leading OTA Booking.com’s parent company Booking Holdings posted $699 million worth of losses in the first quarter of 2020. The company also reported a drop in total bookings of 43 per cent for that quarter. The company was able to book revenues of $2.3 billion, higher than expected for the period. However, this period […]
Zeus Living cuts half of its remaining staff
Reading Time: 2 minutesUS: Airbnb backed corporate housing start-up Zeus living has announced a second round of layoffs, releasing an addition 76 staff members. This follows news of the company’s most recent funding round, where it’s valuation dropped by half. The company was one of many to make immediate redundancy decisions in late March, laying off 80 in […]
Portuguese Airbnb owners resist transition to low cost housing
Reading Time: 2 minutesPortugal: Though Portuguese Airbnbs remain empty, thousands of owners have resisted government programmes to transform their properties into low-cost housing. This news comes as many properties across the world are returning to traditional letting models. According to Portuguese holiday let association ALEP, only one in ten short term rental owners is considering the jump to […]
Holiday homeowners in York claim £4.8m in grant funding
Reading Time: 2 minutesUK: Approximately £4.8m million worth of grants to support businesses through the pandemic in York have been claimed by holiday homeowners. This represents 466 successful applications out of the 2,500 eligible businesses in the city. The measures are part of larger business relief measures throughout Yorkshire, which are designed to keep smaller businesses afloat during […]