Airbnb Eyes Distressed Real Estate Assets in Battered Market
There has been a flurry of news that Airbnb is looking to raise more funds. There are plenty of suitors,…
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…
Airbnb is Fielding Investment Interests Despite Downturn
A number of seasoned investors are pitching Airbnb despite the hospitality industry getting slammed by the coronavirus, according to a…
Airbnb Calls for Federal Tax Breaks for Hosts
The hotel industry asked the government for a $150 billion bailout during a meeting with President Trump and his administration…
Short Term Rentals Devastated by the Covid-19 Pandemic
People are not traveling or going out due to event cancellations, government mandates, and lockdowns. The Covid-19 pandemic has plummeted…
Oyo Looks to Vacation Rentals to Scale US Hospitality Business
Hospitality companies are carving out their niche in the short term rental market. Companies, like Sonder and Domio, have staked…
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…
Recent Shakeups at Vacasa and Ollie Could Signal Sector Vulnerabilities
Two of the leading companies in the short term rentals and co-living markets saw their founders depart in recent management…
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…