ToursByLocals snaps up its first funding, C$33M, to link sightseers with guides globally

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Domio raises $100M in equity and debt to take on Airbnb and hotels with its curated apartments

Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay. Today, one of the startups riding that wave is announcing a significant round of funding to […]

Airbnb officially bans all open-invite parties and events

One month after Airbnb confirmed plans to verify all of its listings, the home-sharing giant has announced additional efforts to protect its hosts and guests. Airbnb will provide a “clear and actionable enforcement framework” for scenarios, including excessive noise, major cleanliness concerns, as well as unauthorized guests, parking and smoking. The company, expected to go […]

Airbnb to verify all of its listings

Following the death of five people at a Halloween party hosted at a California Airbnb rental, and a scathing Vice report outlining Airbnb’s failure to prevent nation-wide scams, the company says it will begin verifying all seven million of its listings. Airbnb properties will soon be verified for accuracy of photos, addresses, listing details, cleanliness, […]

Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the […]

Tastemakers raises $1M to sell Africa experiences to the world

New York-based startup Tastemakers has raised a $1 million seed-round — led by Precursor Ventures — for its business that connects Africa adventures to global consumers. Tastemakers’ platform curates, prices and lists African travel and cultural experiences — from paragliding tours to wine-tasting to concerts. The startup generates revenues by taking a 20% commission on […]

Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally

Obviously, not everyone owns their boat, and boat ownership is far more unique than car ownership – which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and is now announcing a $10 million Series A “extension” funding round to help it grow its business, with […]

What happened to the sharing economy?

A few years ago, Silicon Valley couldn’t stop using a trendy buzzword — the sharing economy. The good old top-down economic model with a clear separation between service providers and clients was falling apart. And huge tech companies disrupted entire industries, from Airbnb to Taskrabbit, Uber, Etsy and Getaround. When you retrospectively look at the […]

Airbnb launches ‘Adventures’ for tourists seeking more thrills

[embedded content] Airbnb has debuted a new extension of its growing business in providing travel experiences in addition to temporary housing. Called Airbnb Adventures, it’s effectively a collection of tours and trips lasting between three days and a week that go beyond the usual city walking tour. One such trip, for example, is a wildlife […]

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind […]