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Airbnb clamps down on u-25 whole house rentals in United States
Reading Time: 2 minutesUS: In an attempt to further crack down on party houses, Airbnb has expanded the reaches of a policy limiting what under-25s can book in the United States, when it comes to whole house rentals. Under the new policy, Americans under the age of 25 with poor host reviews cannot book full properties in their […]
Sykes Holiday Cottages to issue scores of refunds after policy change
Reading Time: 3 minutesUK: Holiday cottage rental agency Sykes Holiday Cottages is to issue thousands of customers refunds for cancelled bookings during the Covid-19 lockdown period, after action from an industry watchdog prompted the company to reverse its coronavirus cancellations policy. The Competition and Markets Authority [CMA] launched an investigation into Sykes Holiday Cottages and the 24 businesses […]
UK holiday lets soar in demand from travellers and investors
Reading Time: 2 minutesUK: UK holiday homeowners are seeing a significant rise in demand from travellers and investors as nationwide lockdowns start to ease. According to holiday rentals search engine Holidu, bookings in the UK are up 156 per cent on the previous year, and investors are seeking to capitalise. Inquiries on holiday homes have surged by up […]
Lyric on the brink as co-founder Fraiman departs
Reading Time: 2 minutesUS: San Francisco-based startup Lyric has closed all but one of its locations offering furnished short-term rental units since the start of the Covid-19 crisis, and its co-founder, Joe Fraiman, has now confirmed that he has departed for personal reasons. Lyric, which has raised around $180 million to date, including a $160 million Series B […]
Homestead Modern develops desert rental properties
Reading Time: < 1 minuteUS: Leading developer Homestead Modern, which manages vacation rentals in Southern California High Desert communities, has joined forces with Halycon High Desert Holdings to create two short-term rental properties. Named Pause House, the two 560-square-foot single family residences were finished this week. The name came from the developers’ intention to create a place for travellers to […]