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Summary List PlacementShort-term rental startup Kasa Living announced a $30 million Series B fundraise in October of this year, just as other companies in the sector were seeing severe distress.  The coronavirus has hit the short-term rental industry hard, as companies had to deal with a slew of cancellations in the early days of the pandemic, followed by widespread changes in travel patterns, causing...

Summary List Placement When the coronavirus began to circulate around the world, it brought travel to a near stand-still.  For travel companies like Booking Holdings — the company that operates Kayak, Priceline, Booking.com, Rentalcars.com, OpenTable, and Agoda — it was a crisis. Booking Holdings saw the worst effects of the pandemic in the most recent quarter, reporting in August that gross bookings fell by...

The $1 billion in cash Airbnb announced Monday that it has raised likely won't last the company very long. Even before the coronavirus epidemic hit, the travel startup was losing money; thanks to the crisis, its losses and cash burn have likely exploded. In a worst-case scenario, it might not have enough cash to last a year, despite the new funding. More likely, thanks...

Property managers who list accommodations on Airbnb weren't overly impressed with the plan the company announced Monday to help them out. The $250 million fund the company set up to reimburse hosts for cancelled reservations will only cover a portion of lost revenue, and some property managers may see no benefit at all. The separate $10 million pot that Airbnb set aside for its...