:
OYO targets US vacation rental market
Reading Time: 2 minutesUS: Indian hospitality unicorn OYO is attempting to expand its company towards the US vacation rental market. The group hopes to take on a property management focused role, subleasing out properties on behalf of owners and operators. OYO, which specialises in managing budget hotels, currently operates around 50 homes in the US market so far. […]
Dream Inn expanding in Dubai to meet rising demand
Reading Time: 2 minutesUAE: With the rise of Dubai as a luxury tourist hub, high end holiday rental company Dream Inn looks to expand. The company has seen a 25 per-cent increase in its property portfolio already, with a growth projection of 39 per-cent by 2021, according to Zawya. The UAE has been introducing a series of measures […]
VacationRenter unveils growth and expansion plans
Reading Time: 2 minutesSan Francisco: Vacation rental startup VacationRenter has announced plans to expand internationally after achieving exponential growth this year. The company, which aggregates the most suitable vacation rentals from recognised sites to help travellers find the perfect place to stay, reached $100 million in gross booking value run rate last May, and it expects to book […]
Airbnb for Work expands into team-building experiences and meeting scene
Reading Time: 2 minutesWorldwide: Airbnb has announced it will offer online tools to help workers find meeting spaces and team-building activities through Airbnb for Work. The online shared accommodation service says that since its launch 10 years ago, it has seen “exponential growth” in companies using Airbnb for Work. Airbnb also says that 700,000 companies have seen their […]
New York-based private equity firm acquires stake in Getaroom
Reading Time: 2 minutesUnited States: The co-founders of Getaroom.com have sold a majority stake in the business-to-business hotel and vacation rental provider to New York-based private equity firm, Court Square Capital Partners. Getaroom President, Bob Diener, said he and Dave Litman, long term business partner and Getaroom CEO, retain a substantial minority stake in the company but have […]