Anger as Tripadvisor cancels holiday rental stays at short notice [Yahoo! Finance Canada]
Liberty Media Corporation - Series A Liberty SiriusXM (LSXMA)
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Source: Yahoo! Finance Canada
The travel website emailed tenants and hosts on Tuesday to say that it would no longer honour reservations after Nov 1. Tripadvisor, best known for reviews and travel guides, acquired a string of holiday booking websites during the 2010s in an attempt to take on websites such as Airbnb They included British websites Holiday Lettings and HouseTrip, on which landlords can put cottages and villas up for rent. Holiday Lettings boasted of having 700,000 properties across more than 150 countries. The sites, as well as international counterparts Flipkey and Niumba, became popular with landlords as they charged minimal fees. However, on Tuesday Tripadvisor emailed guests who had arranged accommodation through its booking sites, saying their reservations would be cancelled and refunded. “We will no longer contract directly with homeowners or enable bookings on the Tripadvisor or Holiday Lettings platform,” an email to customers said. “Soon we will disable the option for travellers
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- 8/8/24 - Miss
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- 9/11/24 - Form 4
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- 9/11/24 - Form 4
- LSXMA's page on the SEC website