Airbnb Seeks $3B Raise in December IPO
Airbnb, which confidentially filed for an IPO in August, is reportedly looking to raise $3 billion in a December IPO.…
Co-Living Startup HubHaus to Shutter
The pandemic has accelerated the demise of some high-flying niche real estate start-ups who were kept afloat by venture funding…
Airbnb, Vrbo Agree to Remove Illegal Kauai Vacation Rentals from Platform
Kauai County has reached an agreement with both Airbnb and Vrbo that only legal vacation rentals will get listed on…
Expedia Phases Out HomeAway, Redirects Business to Vrbo
Expedia is phasing out HomeAway and directing all U.S. HomeAway users to the Vrbo site starting next month. This anticipated…
Airbnb and NYC Settled Over Homesharing Data
New York City has settled with Airbnb and other home-sharing platforms on a legal dispute that required them to provide…
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…