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…
Hostmaker Forced to Scramble for Funds as Bankruptcy Looms – Updated
Update: UK’s Hostmaker filed for bankruptcy a week after insolvency speculations. Houst (formerly Airsorted) has taken over its accounts and…
Google’s Holiday Rental Service Under Fire as Rivals Urge Antitrust Action
Google, and its parent company Alphabet, is under fire after more than 40 companies have accused it of favoring its…
How Expedia’s New Market-First Strategy Impacts VRBO Listings
We are getting better visibility of Expedia’s strategy under Barry Diller and Peter Kerns’ interim leadership. One of the key…
Airbnb’s Recent Losses Won’t Doom IPO; Focus Turns to Valuation
Airbnb’s profits (or lack of) has sparked great interest ahead of its much anticipated IPO. Airbnb had losses in 2019,…
Guest Experience Platform Wishbox Raises $2.5 Million in Funding
Personalized guest experience platform Wishbox has raised $2.5 million in pre-Series A funding, bringing the company’s funding total to $3.5…
stayAPT Suites Launches Concept That Merges Hotels and Short Term Rentals
stayAPT Suites recently debuted a long-term lodging brand that seeks to merge the convenience of hotels with the comfort and…
Japan’s Vacation Rental Startup H2O Lands $7M to Capture Booming Tourism Business
Japanese vacation rentals startup H2O (Hospitality 2.0) has received $7 million in Series B funding from Samsung Ventures, Stonebridge Ventures,…