Yanolja closes $180m Series D funding round
Korea: Korean rental platform Yanolja has closed a $180 million Series D round to take its valuation beyond the $1 billion mark, following in the footsteps of firms such as Airbnb and OYO. The investment round was led by GIC, a sovereign wealth fund in Singapore, and American firm Booking Holdings. The company had reportedly […]
Dusit International to cover stays with Elite Havens
Thailand: Property development firm Dusit International has expanded its guest recognition programme, Dusit Gold, to cover stays at luxury villas under the management of Elite Havens. The latter is a leading provider of high-end vacation rentals in Asia, which provides exclusive discounts of up to 15 per cent on its best available rates. Elite Havens, […]
Quantuma appointed as Brighton Holiday Homes’ administrators
UK: Paul Zalkin and Maxine Reid of business advisory firm Quantuma have been appointed joint administrators of Brighton Holiday Homes Ltd, which recently ceased trading. The news comes after action was taken by a major creditor following the unexpected closure of the business on 29 May. The short-term holiday lettings company was founded in 2005 […]
Lodgify and PriceLabs partner to increase rental revenue
US: Cloud-based vacation rental software Lodgify has integrated with PriceLabs, a leading dynamic pricing and yield management software solution for the short-term rental industry. The partnership will combine the services of both companies, smart prices from PriceLabs will be imported into Lodgify accounts. From Lodgify, prices are sent to users’ websites and third-party distribution channels […]
SaffronStays reveals Dubai expansion plans for 2020
India: Indian vacation rental platform SaffronStays has revealed its plans for expansion into Dubai over the next 12 months. Arabian Business reported that the company “hopes to have 600 properties on its platform by 2020 as part of an international expansion that will include Dubai”. SaffronStays founder Devendra Parulekar told Times of India: “For the […]
Fortino Capital Partners invests in Maxxton
Netherlands: Fortino Capital Partners has announced it has invested in Maxxton, the all-in-one software solution developed for short-term rental property managers. Maxxton, which is headquartered in Middelburg in the Netherlands, will receive investment from Fortino Capital as the company seeks to continue its expansion and maintain its growth into the vacation rental and serviced apartment […]