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Matsuri Technologies raises two billion yen in Series C round
Reading Time: 2 minutesJapan: Tokyo-based startup Matsuri Technologies, which develops rental property management software to manage and operate private accommodation, has raised two billion yen [US$16 million] in Series C funding.
GetMyBoat secures $21m in Series B investment from Yanmar
Reading Time: 2 minutesUS / Japan: GetMyBoat, has secured $21 million in growth capital investment from Yanmar as part of its Series B funding round.
H2O Hospitality raises US$30 million in funding round
Reading Time: < 1 minuteJapan: H2O Hospitality, a Japan-based vacation rental management firm, has raised US$30 million in a Series C funding round. The lead investor for the round was Kakao Investment, with other investors including Korea Development Bank, Gorilla Private Equity, InterVest, Nice Investment, and Kejora-InterVest Growth Fund. H2O Hospitality currently operates around 7,500 units in Tokyo, Bangkok, […]
How will Airbnb’s Olympic / Paralympic legacy be defined?
Reading Time: 10 minutesWorldwide: In 24 hours’ time, the eyes of the world will be on Japan for the delayed 2020 Olympic Games, as well as its global partners and sponsors, including Airbnb. On the eve of one of the most polarised Games in modern times, there is as much at stake for the home-sharing platform as there […]
OYO to combine hotel and residential divisions in Japan
Reading Time: 2 minutesJapan: SoftBank-backed hospitality chain OYO is to merge its short-term residential and hotel divisions in Japan in the latest stage of its business restructuring due to the coronavirus pandemic. Pre-pandemic, OYO had expanded its portfolio to operate over 35,000 hotels and 125,000 vacation homes, including more than 1.2 million rooms in 80 countries and 800 […]
Airbnb’s IOC / IPC partnership debut delayed until 2021
Reading Time: 3 minutesJapan: The debut of Airbnb’s partnership with the International Olympic and Paralympic Committees [IOC and IPC] is being delayed until 2021 after it was agreed earlier today [24 March] that Tokyo 2020 would be postponed until next summer. The decision was reached after talks were held between Japan’s prime minister Shinzo Abe and the IOC […]
OYO offers support for virus-affected Japanese operators
Reading Time: 2 minutesJapan: OYO has announced it will be offering financial support to Japanese hotels in order to join its platform. It falls in the wake of the coronavirus outbreak threatening global hospitality and the cancellation of major events in the space and other segments around the world. The programme, called the OYO Partner Support Programme, offers […]
Japanese company H2O raises $7m in Series B funding
Reading Time: 2 minutesJapan: Japanese vacation rental management company H2O, short for Hospitality 2.0, has closed $7 million in additional funding. This brings the total funding it has brought in to $18 million. H2O began its operations in 2015 with Wahome, a South Korean cleaning venture, before acquiring various Japanese companies to form H2O. Currently, the platform features […]
Airbnb banking on Rugby World Cup exposure in Japan
Reading Time: 2 minutesJapan: Airbnb is banking on a new opportunity to break into the short-term rental market in Japan, as an estimated 500,000+ rugby fans get set to descend on the country this month for the Rugby World Cup. The tournament, which lasts between September and November, is set to provide a welcome financial fillip to the […]
OyoLife forms strategic alliance with Daito
Reading Time: < 1 minuteJapan: Japanese short-term rental startup OyoLife.co.jp has strategic aligned with Daito Trust Construction to further promote its listings across the country. As per the partnership, OyoLife will be able to introduce a range of alternative accommodation properties to customers who wish to have subscription-type rentals from Daito. Tokyo-based Daito, which was founded in 1974, owns […]