Airbnb sanctioned for “violation” of US Cuba embargo
US / Cuba: Airbnb Payments, a unit of Airbnb, has agreed to a settlement with the US Treasury Department for alleged violations of US sanctions against Cuba. According to the Treasury Department’s Office of Foreign Assets Control [OFAC], the home-sharing firm will remit $91,172.29 to “settle its potential civil liability for apparent violations of sanctions […]
Vaycaychella adds Cuban hotel to portfolio
US: Vaycaychella, the sharing economy venture from World Series of Golf [WSGF], has announced the acquisition of a boutique hotel property for its portfolio. The company distributes its various properties across sharing economy sites like Vrbo, Airbnb, and Booking.com. Vaycaychella was founded in 2017 by a group of Cuban entrepreneurs seeking to acquire and restore […]