Sweetome Group acquires CityHome and iYOUJIA.com
China: Sweetome Group, part of Chinese online home-sharing unicorn Tujia, has purchased 100 per cent shares in domestic vacation rental startups, CityHome and iYOUJIA.com. The latest acquisitions will help to consolidate Sweetome’s position in China’s burgeoning rental market, given that the Group is also receiving a strategic investment from online classifieds platform 58.com. The funding […]
Calls for guests to check hosts’ accommodation insurance pre-booking
UK: New research, conducted by accommodation accreditation company Quality in Tourism, has found that, despite paying guests expecting that their accommodation hosts have adequate insurance, few of them actually bother to check this when booking. This has led to sharing economy insurance specialist Pikl calling for guests to make sure they check their accommodation hosts’ […]