Recent Articles by Paul

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.

Mint House secures $18m in investment

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US: New York-based tech-enabled hotel company Mint House, which provides apartment-style accommodations in downtown areas for high-end business travellers, has secured $18 million in a new round of investment.

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 hotel and short-term rental industries, has announced it has appointed Steven Davis as its new CEO.

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.

Booking.com to slash 25 per cent of global workforce

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US / Netherlands: Four months after Booking.com chief executive Glenn Fogel admitted company job cuts were “probable”, the online travel agency has announced an extensive round of layoffs, with 25 per cent [roughly 4000 employees] believed to be affected.

OTA Traveloka raises $250m to boost travel confidence

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Asia: Jakarta-based online travel agency and app, Traveloka, has announced that it has raised $250 million to enhance its operations during the coronavirus crisis and restore confidence in the “resilience and the viability of the regional travel industry”.

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.

KAYAK and OpenTable cuts to affect 400 employees

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US: Booking Holdings brands, KAYAK and OpenTable, have announced that 400 employees will be affected by layoffs, furloughs or reductions in their working hours, in an email obtained by Skift.

OYO announces further furlough round and 25 per cent pay cuts

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India: Just a fortnight after placing the majority of its employees on furlough or temporary leave, Softbank-backed hospitality chain OYO is furloughing more employees around the world and accepting a 25 per cent pay cut for all workers in July.

OYO places “thousands” of staff on furlough and temporary leave

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Worldwide: Hospitality chain OYO Hotels & Homes has placed a “certain number” of its employees, known as ‘OYOpreneurs’, on furlough and temporary leaves “in the U.S. and other countries”, it was revealed in an internal video message recorded by CEO and founder, Ritesh Agarwal.

OYO founder Agarwal to forego 100 per cent of annual salary

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India: Ritesh Agarwal, founder and group CEO of OYO Hotels & Homes, has announced that he is foregoing 100 per cent of his salary for the rest of the year as the company seeks to unite in the face of the impact of Covid-19 on the global travel and hospitality industry.

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.

The Merkister Hotel owners decide to sell

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UK: Specialist business property adviser Christie & Co has brought to the market The Merkister Hotel, overlooking Loch Harray on the west of the Main Orkney Isles.

Red Kite House Hotel brought to market

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UK: Red Kite House Hotel, situated in the affluent Berkshire village of Burghfield Common, near Reading, has been brought to the market by specialist business property adviser, Christie & Co.

Event review: EquipHotel 2018

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Earlier this month, Boutique Hotel News travelled to Paris to attend the biennial EquipHotel trade show, which took place at the Paris Expo Porte de Versailles from 11 to 15 November.

Interview: Michael de Jongh, Avvio

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Michael de Jongh, Avvio's chief commercial officer, talks to BHN about Avvio's Allora booking engine and its use of technology to drive direct bookings.

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