UK: Global corporate accommodation booking agent Situ has announced the acquisition of the full technology stack of short-term rental software company Rentivo. The move
UK: UK Chancellor Jeremy Hunt has announced that the 75 per cent discount on business rates [up to £110,000] for businesses in the hospitality, leisure and retail sectors has been extended by another 12 months as part of his Autumn Statement.
US: Mid-term housing rental and property management startup, Zeus Living, has reportedly told landlords this week that it is “winding down operations”, according to The Information.
US: Kasa Living, a tech-powered, flexible accommodations brand and operator, has closed a $70 million Series C fundraise to fund and accelerate its expansion across the United States.
US: Anyplace, a short-term rental company that specialises in remote work-friendly accommodations, has raised $10.27 million in a Series B funding round.
Germany: Digital hospitality platform NUMA Group has appointed Pascal Duval as vice president brand to take the company into an “unprecedented and visionary” future and set new standards in the industry.
Germany: Digital hospitality platform NUMA Group has raised $59 million [€55.5 million] in growth equity capital in a Series C funding round.
US / Worldwide: During a summer so far defined by natural disasters [e.g. wildfires in Greece, floods in Italy, droughts in Southern Europe], flight delays and cancellations, and pilot shortages, Elad Schaffer of travel insurtech Faye, discusses the dos and don’ts when offering travel insurances for hospitality providers.
LatAm: Proptech startup Casai has ceased operations in Brazil and its native Mexico after its founders announced the sale of their operations and portfolio in both countries to other operators based in Latin America.
Germany: Munich-based hospitality technology provider and apartment operator, limehome, has revealed that it has grown 400 per cent over the past two years, partly crediting its futuristic approach to its property management software.
