Bank of England cuts interest rates – hospitality reacts
Paul Stevens
1 August 2024
Reading Time: 3 minutes UK: The Bank of England has announced that it will cut interest rates from a 16-year high of 5.25 per
Paul Stevens
Editor of Short Term Rentalz at International Hospitality Media
Bob W forms £400m JV with OCIM
Paul Stevens
17 July 2024
Reading Time: 3 minutes UK: A new joint venture between tech-powered hospitality operator Bob W and Osborne+Co Investment Management [OCIM], the in-house investment management arm
UK hospitality industry reacts to Labour General Election win
Paul Stevens
5 July 2024
Reading Time: 4 minutes UK: The Labour Party has secured a landslide victory and majority in the UK General Election, winning more than 326
Sonder trims portfolio and announces $10m financing
Paul Stevens
12 June 2024
Reading Time: 2 minutes US: Short-term rental apartment management company Sonder has announced significant reduction in its portfolio and a $10 million financing to “improve the
Urban Rest acquires The Urban Butler for NZ expansion
Paul Stevens
7 May 2024
Reading Time: 2 minutes Australia / New Zealand: Urban Rest, a provider of flexible alternative accommodations serving the corporate market, has announced its acquisition of New Zealand
Guesty secures $130 million in Series F funding and targets IPO
Paul Stevens
11 April 2024
Reading Time: 3 minutes Israel / US: Property management software platform Guesty has raised $130 million in a Series F funding round.
Landing buys Barsala in $30 million transaction
Paul Stevens
2 April 2024
Reading Time: 2 minutes US: Flexible apartment living membership company Landing has acquired tech-enabled flexible housing operator Barsala in a $30 million transaction.
Blueground secures $45m in Series D funding round
Paul Stevens
28 March 2024
Reading Time: 2 minutes US: Furnished flexible rental operator Blueground has announced that it has raised $45 million in a Series D funding round to continue
NUMA Group expands into Denmark
Paul Stevens
28 February 2024
Reading Time: 2 minutes Denmark: Digital hospitality platform NUMA Group has announced its expansion into Denmark through a partnership with global real estate investment manager Invesco
Expedia Group to reduce team headcount by nine per cent
Paul Stevens
27 February 2024
Reading Time: 2 minutes US: Online travel agency Expedia Group is to cut around 1,500 jobs, accounting for nine per cent of the company’s overall headcount,