It’s been a huge week for online accommodation websites, with almost USD236m invested into the sector across three continents in just a few days.
Yesterday CapitaLand announced it is investing USD120m in Tujia, China’s largest apartment sharing platform.
This deal’s especially significant because of the symbolism – one of Asia’s leading room suppliers buying into an intermediary site.
Almost a case of if you can’t beat them, buy them.
Meanwhile, Indian budget hotel site OYO Rooms has raised USD100m in venture capital.
Investors include Greenoaks Capital, Lightspeed India and Sequoia Capital.
And finally, Tripping.com, described a search engine for long-term rental properties, has won USD16 million in new investment.
All this activity shows abundant optimism for the what could described as niche accommodation sectors.