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Simpson Travel announces new senior appointments
Reading Time: 2 minutesUK: Independent villa and boutique hotel operator, Simpson Travel, has announced two senior appointments – Dan Butler as chief financial officer and Mark Speight as operations director.
Countries issue UK travel warnings as unrest increases
Reading Time: 3 minutesUK: Seven countries have issued warnings over travel to the UK in the wake of ongoing violent anti-immigration protests and riots.
FHL tax regime to be abolished from April 2025
Reading Time: 3 minutesUK: The UK Government will abolish the furnished holiday lettings [FHL] tax regime from April next year, removing the tax advantages that landlords who offer short-term holiday lets have over those who provide standard residential properties.
AltoVita targets Middle East expansion with key appointment
Reading Time: < 1 minuteMiddle East: Corporate accommodation platform AltoVita has appointed Nada Zrikem as director of client partnerships for the Middle East.
Classic Cottages acquires Norfolk Holiday Homes
Reading Time: < 1 minuteUK: Cornwall-based Classic Cottages, which describes itself as the UK’s largest independent holiday letting specialist, has acquired Norfolk Holiday Homes for an undisclosed sum.
Bob W forms £400m JV with OCIM
Reading Time: 3 minutesUK: A new joint venture between tech-powered hospitality operator Bob W and Osborne+Co Investment Management [OCIM] has launched a £120 million equity raise to acquire and repurpose hotel and office assets into “high-quality” short-term serviced apartments.
Snaptrip Group acquires The Hotel Guru
Reading Time: 2 minutesUK: Snaptrip Group, a collection of accommodation marketplaces [including LateRooms, Snaptrip and Dog Friendly Cottages], has acquired international hotel website The Hotel Guru for a seven-figure sum.
NatWest to introduce ‘Airbnb-friendly’ mortgage terms
Reading Time: 2 minutesUK: UK-based commercial bank NatWest is introducing ‘Airbnb-friendly’ mortgage terms to support borrowers who are struggling to pay loans and bring increased flexibility for customers who are looking to rent out their homes on a short-term basis.
Forge Holiday Group to invest £150m in platform development
Reading Time: 2 minutesUK: Short stay specialist group Forge Holiday Group, the parent brand of Sykes Cottages and Forest Holidays, is set to invest more than £150 million developing its UK portfolio, technology platform, customer experiences and owner services over the next three years.
I-PRAC partners with digital guidebook company Orana Stay
Reading Time: 3 minutesUK / Australia: Global verification and membership platform, I-PRAC, has partnered with digital guidebook solution Orana Stay to maximise benefits for both hosts and guests.