Supplier News
TravelPerk secures $104 million funding
UK: Business travel management platform TravelPerk has closed an additional $104 million funding led by SoftBank Vision Fund 2.
Industry News
Proptech June Homes emerges from stealth with $50m in funding
US: New York-based proptech startup June Homes has emerged from stealth and announced that it has raised $50 million in funding.
Industry News
OYO rumoured to be edging towards $1.2bn IPO
India: SoftBank-backed hospitality chain OYO is rumoured to be edging towards an initial public offering [IPO] after hiring JP Morgan, Kotak Mahindra Capital and Citi for an initial $1.2 billion share sale.
Industry News
Domio plans “financial re-engineering” across its business
US: New York-based aparthotel brand Domio has denied it is planning to shutter permanently and sell off its remaining assets, as two investors in the company and documents viewed by The Information alleged.
Industry News
Domio co-founders resign following Airbnb investigation
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.
Industry News
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.
Urban Living News
$1 billion injection for WeWork as membership declines
US: SoftBank is injecting a further $1.1 billion into WeWork as it battles declining membership amid the pandemic.
Urban Living News
Second wave of UK job cuts at WeWork
UK: WeWork has made a second round of bobcats n the UK as it continues its restructuring.
Supplier News
OYO Rooms to offer serviced apartments and homestays
India: Hotel aggregator OYO Rooms is planning to expand its offer to include serviced apartments and homestays by the end of the year.
