Denver-based property manager Evolve is laying off 20% of its workforce, Skift has learned.
25.08.2023 - 14:44 / skift.com / Dennis Schaal
In a second round of cuts since mid-year, property manager AvantStay laid off 144 staffers, about 22 percent of its workforce, according to a published report from Short Term Rentalz.
This followed the Los Angeles-based vacation rental firm eliminating some 43 jobs around June 1.
In a letter to employees, AvantStay spun the latest round of layoffs as an issue of over-hiring and too rosy a forecast rather than slackened demand or any other underlying problems at the company.
However, at least one rival, public company Vacasa, reported softening demand for vacation rentals that began in the third quarter, which ended September 30.
AvantStay representatives didn’t respond to a Skift request for comment Wednesday.
Denver-based property manager Evolve is laying off 20% of its workforce, Skift has learned.
Antitrust watchdog Competition Commission of India (CCI) has approved Tata group’s plan to merge its full-service carriers Air India and Vistara.
No country in Asia, and possibly the world, is such a kaleidoscope of as Malaysia.
A sprinkle of forest-clad tropical islands spills off the 2,989 miles of beach and mangrove-studded coasts that cut this green peninsula out of the sea. Running from the north to join the ancient forests of Pahang state in the center, the undulating peaks of the Titiwangsa mountain range split the country in the middle. Malaysia’s lesser-visited mountainous backbone is ripe with easy-going nature treks, but also hides a bounty of offbeat trails to delight the most daring hikers.
Even far before the pandemic, a large wedding was not in the cards for Biljana Bartulac and Sam Erskine. “I would see people spend a lot of money on their weddings, and actually not enjoy them at all because they were too huge, and the couples too stressed out,” says Biljana. “Then the next day they’d wake up and ‘Oh, that’s it.’ They spent so much money for that one day.”
Design-led lifestyle brand AC Hotels by Marriott has this week announced its brand debut in Croatia. The AC Hotel by Marriott Split is housed within the 135-metre-high Westgate Tower and boasts incredible views of the cityscape as well as unobstructed views of the Adriatic Sea. The new hotel is also set to offer the Perfectly Precise Hotel™ experience.
J2 adventures is designed to meet the needs of families and groups by integrating thematic, custom-designed excursions around specialized topics and interest areas.
Oyo, in preparation for its upcoming IPO in 2023, is doing a major reorg of its organizational structure and cost base. It has announced it is letting go of 600 employees out of a total of about 3700, mostly in its product and tech teams. From the company:
Joby Aviation has delayed the introduction of its new electric air taxi by about a year to 2025, as the certification of the new aircraft proceeds slower than hoped. The developer disclosed the delay in a letter to shareholders on Wednesday.
Despite lots of vacation rental industry talk about making inroads in attracting more direct bookings, a global survey of property managers and individual hosts reported those percentages were stable, if not decelerating.
Good morning from Skift. It’s Friday, December 2. Here’s what you need to know about the business of travel today.
Luxury travel subscription service Inspirato announced on Wednesday that it’s laying off 12 percent of its workforce amid its struggles with lower-than-expected occupancy and disappointing sales.