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…
Mini-Empires of Airbnb Properties Get Squeezed
In March, Airbnb lost $1.5 billion in canceled bookings according to AirDNA. Weekly Airbnb U.S. bookings through April dropped sharply.…
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…
Why It’s Airbnb Versus Zillow Post-Pandemic
In uncertain times, flexibility and agility are more important than ever. This is true now and will remain true post-pandemic.…
Slowdown in Vacation Rental Cancellations as Bookings Begin to Recover
With travel bans throughout the world limiting movement, vacation rentals saw a spike in cancellations in March and early April.…
Short Term Rental Companies Shift to Mid-Term Rentals – Is the Trend Here to Stay?
The short term rentals sector remains in flux. One trend that is gaining momentum among short term rental companies is…
What the Media is Getting Wrong About Airbnb
Airbnb is getting hammered in the media. It is understandable that there is little good news these days for a…
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…