A source close to the deal said that Airbnb’s investment in Lyric does not include exclusivity; Lyric can and still will advertise its inventory not only on Airbnb but on other platforms as well.
Locale currently leases and manages more than 150 apartments in Texas and plans to partner with developers of “upscale Class A multifamily properties” in San Francisco, Santa Monica, Denver and Houston’s Texas Medical Center.
With this agreement, clients of both companies will have access to an enhanced travel and tourism product and service offering, through an omnichannel service model (online, call center and physical stores).
After the deal, Expedia Chairman Barry Diller will own approximately 29 percent of Expedia’s voting power.
Tripoto claims to have grown its revenue and user base by over 300 per cent in the last one year.
Executives discussed raising HK$2 billion via share placements and such a move would significantly dilute the holdings of shareholders if they do not participate.
Chinese investment firm Fosun RZ Capital led a $6.75 million series A investment round in Splitty, a hotel booking startup based in Israel.
Exoticca currently operates in Spain, the UK, France, Germany, the US, and Canada, and plans to open four new markets in 2019.
