Operating income dropped 33.2%, driven by the increased technology operating expenses.
Next week, Marriott said it would start renting 2,000 homes in 100 cities across the U.S., Europe, and Latin America.
RXR will be responsible for the execution and management of the locations, while the Airbnb platform will be used to market and book rooms.
Factors such as passengers, financing, and technology have played an important role.
GetYourGuide is valued at €1.6 billion in the latest funding round.
Improved in-room technology was a leading priority for modern guests and in exchange for it, they are willing to give up other amenities such as business center, fitness center and spa.
The offer values the whole company at around $1.3 billion.
FareHarbor executives have repeatedly portrayed the startup as lean and bootstrapped and having taken only money from friends and family — with no outside benefactors beyond that.
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