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OYO raises $173.5m as valuation drops to $2.4bn
Reading Time: 2 minutesIndia: Oravel Stays, the parent company of Softbank-backed hospitality chain OYO, has raised $173.5 million [Rs 1,457 crore] in a Series G funding round.
Alloggio buys Relaxaway Holiday Homes in Queenstown
Reading Time: 2 minutesAustralia / New Zealand: New South Wales-based short-term rental property management company Alloggio has announced the acquisition of holiday home agency Relaxaway Holiday Homes, based in Queenstown, New Zealand.
New STR regulations to come into effect in Nova Scotia
Reading Time: 2 minutesCanada: New short-term rental regulations are due to come into effect in the Eastern Canadian province of Nova Scotia on 30 September.