VeChain signs partnership with Travala
UK: Blockchain tech company VeChain has signed a partnership with Travala to expand the adoption of its primary currency. VeChain is the creator of blockchain currency VeToken, which can now be used in order to book travel on the Travala platform. Sunny Lu, co-founder and CEO of VeChain, said: “Positioned as the ecosystem enabler, VeChain […]
Holiday let investment rises due to staycations
UK: Sources across the UK property investment market are seeing significant growth in investor interest in holiday lets. Increased demand in UK staycations after the end of the holiday ban is attributed as a key reason for this jump. According to leading cottage rental agency Sykes Holiday Cottages, inquiries from second homeowners to list on […]
Airbnb bars Domio accounts over standard violation allegations
US: Short-term rental and aparthotel hospitality brand, Domio, has been accused of allegedly violating Airbnb’s trust and safety standards, which have prompted Airbnb to suspend the startup’s host accounts and listings for the foreseeable future. The alleged malpractice was reported by digital media company The Information, which is believed to have uncovered a sequence of […]
SoftBank executives to prop up OYO’s ailing Japanese business
Japan: SoftBank Group Corp. has appointed two executives to prop up OYO in Japan, one of the prized startups in its portfolio, where the hospitality chain has had to merge its hotel booking and apartment rental units as part of its cost-cutting measures. SoftBank executive vice president, Eric Gan, and its Vision Fund investor, […]
Airbnb enforces worldwide house party ban
Worldwide: Airbnb has issued a global blanket ban on all parties and events being held in properties listed on its platform from now on. The company will limit the total occupants in a property to 16, with the exception of certain venues. Airbnb first attempted to limit the impact of parties last year, after a […]
VRMA selects Key Data as data and analytics provider
US: After an extensive Request for Proposal [RFP] process, the Vacation Rental Management Association [VRMA] has selected Key Data Dashboard as its data and analytics provider. As a result, Key Data will become a gold sponsor for the VRMA throughout 2021, and it has committed to working with the association to provide market level data and customised research and […]