Newly-funded KOALA to launch officially on 3 August
US: A newly-funded vacation rental service that specialises in offering timeshares in resort destinations, KOALA, has announced it will officially launch on 3 August. Claiming to be the “first and only company to disrupt the $30 billion timeshare industry since the market segment was created in the 1960s”, KOALA raised $3.4 million in its first […]
STRz podcast 9: Rent Responsibly’s David Krauss assesses Covid 19’s impact
US: Following the publication of Rent Responsibly’s US-based Covid-19 impact report [with collaboration from the VRMA and AirDNA, founder and CEO, David Krauss, joins Episode Nine of the ShortTermRentalz podcast to discuss the key takeaways from the survey and how it is affecting short-term rental businesses in the country, the importance of advocacy in these […]
KKR buys Dutch vacation parks company Roompot for $1.1bn
US / Netherlands: Private equity firm KKR has announced that it is buying Dutch vacation parks company Roompot from European private equity firm PAI Partners for $1.12 billion [€1 billion]. Although the financial terms of the deal were not disclosed, a source familiar with the deal confirmed the Dutch company’s valuation of $1.12 billion. Roompot, […]
English hospitality sector reopening expected for 4 July
UK: UK Prime Minister Boris Johnson is reportedly set to announce this week that hospitality venues, such as bed and breakfasts and hotels, will be able to reopen their doors in England as expected on 4 July, along with pubs, restaurants and hairdressers. Although a final decision has not been made, it is understood officials are […]