Sonder Could Get $175M of New Capital As Backers Look to Protect Investment
Hospitality company Sonder is in talks for a cash infusion between $150 million and $175 million, according to a report…
Airbnb Cuts 25% of Workforce or 1,900 Jobs on Declining Revenues
Airbnb announced it is laying off one-quarter or 1,900 of its 7,500 workforce. CEO and co-founder Brian Chesky had previously…
Short Term Rental Start-up Frondesk Lands $6.8M Funding
Milwaukee-based short term rental start-up Frontdesk raised $6.8 million in its latest round of funding. The new funding will help…
Airbnb and Hotels Roll Out ‘Enhanced’ Cleaning Initiatives
To ease travelers’ fears and increase occupancy rates, Airbnb and hotels such as Hilton and Marriott have unveiled new cleaning…
With New $1 Billion Investment, Airbnb to Focus on Hosts, Longer-Term Stays and Experiences
Airbnb announced a $1 billion debt and equity investment from Silver Lake and Sixth Street Partners. From the funds, $5…
Airbnb Hosts Pivot to Longer-Term Local Stay Bookings
Airbnb is helping hosts pivot to longer local stay bookings as the market for shorter stays has dissipated. The company…
Airbnb Offers Hosts $260 Million Relief Package
Airbnb is making amends to hosts after its unilateral decision to allow guests to get full refunds on cancellations. The…
Vacasa Layoffs, Sonder Expects to Weather Crisis
Last Friday, Portland-based vacation rental company Vacasa announced layoffs, reduced employee hours and executive pay, according to a report from…
Lyric Streamlines, Turns Focus to High-Performing Markets
San Francisco-based hospitality start-up Lyric is downsizing and restructuring its operation. The Airbnb-backed company is laying off 20% of its…
Coronavirus Fears Could Delay Airbnb’s IPO to 2021
As the fear of the coronavirus disrupts travel, it could also derail Airbnb’s planned IPO. Airbnb was planning to start…