Airbnb lowers internal valuation to $26bn amid drop in bookings
US: Airbnb has reportedly lowered its internal valuation by 16 per cent to $26 billion as a result of the global lockdowns and restrictions on mobility caused by Covid-19, sources familiar with the matter told Reuters. At the time of its last funding round in September 2017, when it raised $1 billion, Airbnb had a […]
Industry leaders create Covid-19 survival guide “The Reset”
Worldwide: Leaders from across the global short-term rental industry have created a Covid-19 survival guide called The Reset, which will serve as a living database of best practices for short-term rental professionals looking to survive the crisis and emerge stronger when guests return. The Reset is being curated by a committee of nearly twenty owners, […]
Lobby group calls for OTA bailout help in line with airlines and hotels
Europe: Travel tech lobby group EU Travel Tech has appealed for the European Commission to offer equivalent bailout support to its OTA and global distribution system members in line with the help being offered to airlines and hotels. The group, formerly known as the European Technology and Travel Service Organisation, called on the Commission and […]