Recent Articles by Paul

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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