LinkedIn News India

LinkedIn News India

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Homestay companies are betting big on their expansion plans even as Covid-19 cases decline and hotel bookings go up, Economic Times reports.  Alternative accommodation provider Vista Rooms plans to add about 2,000 holiday homes in the next three years, co-founder Amit Damani said. The company’s revenues have tripled in 2022 alone. SaffronStays is adding 25-30 homes per month across states, including Himachal Pradesh, Maharashtra, Goa, and Tamil Nadu.  Lohono Stays, which operates in the space of luxury villas and holiday homes too, plans to add 25-30 villas every month in the next financial year. The company is currently running at an 85% occupancy. Given how people are embracing flexibility and new ways of travelling, Airbnb wants to grow its host community in India. Last month, Airbnb said their global bookings are expected to exceed pre-pandemic levels, reports Reuters. With remote working becoming a norm for many, people are exploring more travel options. This is one reason why companies are optimistic that the demand for alternative accommodation will remain strong. “People will get back to offices but there will also be people who will continue working from anywhere. The majority of people anyway stay with us for two to three days, and that is continuing,” Damani said. #WorkFromAnywhere #FlexibleWork #RemoteWorking #Workation Sources: https://lnkd.in/ekaP3XQA https://lnkd.in/eZ32BtJR

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LinkedIn News India

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In today's News Wrap with Ankit, games streaming startup Loco raises $42 million in a Series A round, and Kalpana Chawla NFTs go on sale for charity on beyondlife.club. Thanks to Aparajita Ambastha for her comment highlighting the NFT hype in India. Tell us: What new show or web series are you watching? Source: https://lnkd.in/d__xSdTt #EveningNewsWrap #LinkedInVideo

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The uncertainty around #crypto regulation has resulted in thousands of developers, investors and entrepreneurs migrating to other countries with more friendly policies, Bloomberg reports. “This brain drain is absolutely crazy,” said Sandeep Nailwal, co-founder at Ethereum scaling platform Polygon Technology. Nailwal added that he wanted to live in India and promote Web3, but given the regulatory uncertainty and how big Polygon has become, it didn’t sense for the company to expose its protocols to local risks. Places like Dubai, which recently adopted a law to regulate digital assets, are attracting talent, thanks to its sandbox approach wherein the government allows testing ground for promising financial technologies. Experts say Dubai also benefits from its proximity to India and a transparent and friendly taxation regime for creators. In this year’s Budget, the government imposed a 30% tax on digital coin transactions without clarifying if #cryptocurrency trading will be banned or regulated in the country. Overall crypto transactions in India surged 641% between July 2020 and June 2021, according to blockchain research firm Chainalysis. Source: https://lnkd.in/gHCeE9kz ✍️: Spriha Dhami    📸: Getty Images

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