New York City pushes Guesty for illegal listing information
US: In its continued efforts to limit the presence of illegal listings, New York City officials have been in talks with Israeli property management software company Guesty. The city brought a lawsuit against Guesty in March, accusing it of focusing on “helping people flout laws against short-term rentals”. At the time, the lawsuit was filed […]
Short-term rental rates rise near Chicago
US: Though the Chicago hospitality market is still struggling as a result of the pandemic, areas within driving distance of the city are seeing rate growth. According to AirDNA, bookings on Airbnb rose 200 per cent in popular vacation spots Saugatuck, Michigan, and Lake Geneva and Door County, Wisconsin. Tim Radunez, a local host, said […]
Booking Holdings’ gross bookings plummeted 91 per cent in Q2
US / Netherlands: In the week that online travel agency Booking.com announced a 25 per cent trimming of its global workforce, parent company Booking Holdings has published its highly-anticipated second quarter results leading up to 30 June 2020, which highlight the devastating impact the coronavirus has had on its business. On the company’s earnings conference […]
Travala adds 1m+ holiday homes to “crypto-friendly” platform
UK: Blockchain-based travel booking platform Travala has announced it has added more than one million holiday homes in 195 countries to its site. Claiming to be a leading “crypto-friendly” booking platform, Travala allows its users to book holiday homes using more than 30 kinds of cryptocurrency [including bitcoin [BTC], ethereum [ETH], binance coin [BNB] and […]
Halldis files for administration in Milan court
Italy: Milan-based short-term rental property management company Halldis S.p.A. has filed for administration at the Court of Milan. The company, which manages more than 1800 properties across 20 destinations in Europe on behalf of private and institutional owners, and is one of Italy’s largest short-term rental property management firms, sought the agreement to ensure solvency towards […]