Breezeway closes $8m Series A funding round
US: Boston-based property operations and services platform, Breezeway, has announced it has secured $8 million in Series A funding to help property managers cross those jobs off their list. The funding round was led by private investment firm Schooner Capital, also based in Boston, with existing investors Tamarisc Ventures, Krillion Ventures and Launch Capital all participating in […]
Booking.com to slash 25 per cent of global workforce
US / Netherlands: Four months after Booking.com chief executive Glenn Fogel admitted company job cuts were “probable”, the online travel agency has announced an extensive round of layoffs, with 25 per cent [roughly 4000 employees] believed to be affected. The layoffs are symptomatic of the Covid-19 pandemic’s impact on the global travel industry, including accommodation […]
US rental bookings now at 81 per cent of 2019 levels
US: Short-term rental bookings are proving to be a bright spot in the US travel sector during the Covid-19 pandemic, according to data from rental analytics provider AllTheRooms Analytics. Despite rising cases in the United States over the last two months, AllTheRooms said that short-term rental bookings for the next 180 days made on platforms […]
STAA grows membership with four new members
UK: The UK Short Term Accommodation Association [STAA], the trade body representing the short-term rental sector, has announced that four new organisations have joined its membership, bringing the total number of members to more than 50. As the industry begins to recover, the STAA is continuing to grow its membership and it represents the vast […]
ASSC announces certification partnership with I-PRAC
UK: The ASSC [Association of Scotland’s Self-Caterers] has announced it has partnered-up with verification platform I-PRAC to offer free approval certification for ASSC members. The free initiative for ASSC members aims to boost enquiries, consumer trust and encourage direct bookings. Research quoted by the ASSC stated that 89 per cent of short-term rental bookings fail at the payment hurdle, as […]