Recent Articles by Paul

Expedia releases Q1 trends report

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US: Expedia Group Media Solutions, the global digital advertising organisation of Expedia Group, has released its first-ever quarterly trend report.

Sonder to go public via SPAC merger worth $2.2bn

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US: Short-term lodging company Sonder has announced it has entered into a definitive agreement with special purpose acquisition company [SPAC] Gores Metropoulos II, sponsored by an affiliate of The Gores Group, to go public via a merger.

Landing nets $100m in funding for flexible living offerings

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US: Landing, the company behind the first membership for flexible living, has announced that it has secured $100 million in new funding, made up of a $45 million Series B round led by Foundry Group with participation by Greycroft and Maveron, and a $55 million debt facility.

Airbnb valuation hits $100 billion after IPO

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US: Airbnb has achieved a post-initial public offering [IPO] valuation of circa US$100 billion, marking a huge rise from the $47 billion at the IPO offering price and the $42 billion figure that was initially forecasted earlier this week.

STAA launches new Trusted Stays scheme for UK key workers

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UK: The UK Short Term Accommodation Association [STAA] has followed up its successful nationwide “NHS Homes” initiative with the launch of a new scheme, “Trusted Stays”, to offer NHS staff and key government workers discounted safe and clean accommodation near their places of work, to help protect them and their families as the UK’s Covid-19 infection rates rise.

Limehome increases Series A funding round to €31m

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Germany: Munich-based accommodation startup Limehome, which markets itself as a “digital hotel alternative” has announced it has increased its Series A funding round by a further €10 million, taking the total it has raised so far to €31 million, as well as its expansion into Spain.

STAA signs partnership deal with STR

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UK: The UK Short Term Accommodation Association [STAA] has announced a new partnership with global research house STR to launch a unique tracking study that will measure the performance of serviced apartments, short-term rental accommodations and hotels, starting with a pilot in London this month.

Operto appoints Steven Davis as new CEO

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Vancouver: Operto Guest Technologies, an industry leader of Smart Stay technology and smart devices for the serviced apartment, hotel and short-term rental industries, has announced it has appointed Steven Davis as its new CEO.

Domio co-founders resign following Airbnb investigation

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US: Aparthotel brand Domio cofounders Jay Roberts [CEO] and Adrian Lam [chief strategy officer] have resigned with immediate effect, following an investigation by Airbnb over alleged malpractice and violation of its trust and safety standards.

Anyplace announces partnership with Rentals United

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US / Spain: Flexible housing marketplace Anyplace has announced a partnership with channel management solution Rentals United, one which they claim is "an industry first" for the mid- and long-term stay marketplace.

Urban Living Festival gets green light for 25-26 November 2020

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UK: International Hospitality Media [IHM], the leading online publisher and event organiser for the hospitality and real estate sectors, is delighted to confirm that its latest launch – Urban Living Festival: stay • live • work – will go ahead as scheduled on 25-26 November at Tobacco Dock in London.

Airbnb bars Domio accounts over standard violation allegations

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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.

UK government re-imposes quarantine order for returnees from Spain

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UK / Spain: The UK Department for Transport [DfT] announced on Saturday that all travellers returning from Spain to the UK would be required to self-isolate in quarantine at home for the following two weeks, a notion which took immediate effect as of midnight on Sunday morning.

Assisted living to return to 'neighbourhood' planning model

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US: Boston-based The Architectual Team architects Michael Liu and Anthony Vivirito have said they believe assisted living services will return to a 'neighbourhood' planning model as the Covid-19 pandemic impacts the long-term care sector.

Tishman Speyer expands Studio coworking brand

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US: Commercial real estate company Tishman Speyer has announced it is expanding its coworking brand Studio in two Manhattan locations in order to cater to demand for flexible office space.

SAFFAA launches global accreditation registry

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Worldwide: Serviced Apartment News has partnered with Serviced Apartment/Accommodation Forum for Assessment and Accreditation (SAFFAA) for the development of a global register of responsible accreditors for serviced apartments and alternative accommodation.

Urban Living webinar: Coliving - fad or phenomenon?

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In the latest IHM Urban Living webinar, editor-in-chief George Sell hosted a discussion on “Coliving: fad or phenomenon – will coliving stand the test of time?”; a session sponsored by Res:Harmonics.

Expedia set to phase out short-term rental multifamily business

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US: As Expedia Group strategises its recovery from the standstill in bookings during the Covid-19 pandemic, it is believed to be preparing to phase out its short-term rental multifamily building business, which includes its Expedia Group Multifamily Solutions product.

Stay Alfred to permanently close down

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US: The founder and CEO of Washington state-based apartment rental startup Stay Alfred, Jordan Allen, has confirmed the business is closing down permanently.

D. Alexander pivots towards mid-term rental operations

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US: Hospitality company D. Alexander has decided to eliminate all short-term rentals and reinvent its business to mid-term rentals in order to provide people with “safe, clean escapes to heal, rejuvenate, be productive and continue to keep living mindfully”.

Stay Alfred ceases trading

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US: Serviced Apartment News understands that Washington-state based apartment rental startup Stay Alfred has ceased trading.

Sonder cuts workforce by one third

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US: San Francisco-based hospitality startup Sonder has announced it has laid off 22 per cent of its workforce and furloughed an additional 11 per cent of its staff as the reality of the coronavirus impact on the travel industry bites hard.

Landing secures $30m in additional funding

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US: Landing, the company advocating flexible renting membership for long-term living, has secured $30 million in new funding: a $20 million Series A led by Greycroft with participation by Maveron and Abstract Ventures, alongside a $10 million debt facility.

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