Boutique B&B brand Short Stay Technology raises multi-million-dollar financing
Short Stay Technology, founded by Qyer former COO, has recently secured millions of dollars in funding. It will further develop housing source to expand in major tourist cities in Japan.
Boutique B&B operator Short-Stay Technology has recently raised millions of dollars in its Pre-A
round of financing, backed by BlueRun Ventures.
Short Stay Technology and boutique B & B brand Chuan House was established last June by Mr. Zhe Han, former COO of Qyer.com. The listings of the B & B company are mainly scattered villas of Zaikawa brands in Kyoto and the Chuan House apartment building. There are currently more than 300 rooms available, with an average occupancy rate of over 80%. The average rate of the apartments is around 10,000 yen (RMB 550 - 700), which is lower than the room rate of local hotels.
Due to slow development in China’s B & B sector, Short Stay Technology chose to cut in from Japan. It is easier for them to operate in the Japan market since the management system for hotels and homestay businesses is more complete and standard, and most visitors are leisure tourists instead of business travelers.