Roomorama unveils Lofty merger

first_imgSource = e-Travel Blackboard: N.J Sealing its spot in the rental market sector, Roomorama has announced its merger with short-term rental site to make the united company one of the “largest online short-term rental providers worldwide”.With US$2.1 million set in seed funding, Roomorama founder Jia En Teo explained the company was in the process of integrating the properties for Lofty to offer travellers “even more options when travelling domestically and abroad”.“International travellers and property owners are continuing to embrace the short-term rental model, and I’m confident that this merger will deliver what the industry has been seeking – higher quality, improved reliability, and a swifter booking process,” Jia En Teo added.Lofty founder Fabrice Grindaalso added that the merger would also treat travellers as it will combine the strengths of both companies while reinforcing “its position as a leader in the industry”.With up to 50,000 properties already in its portfolio, Roomorama said this figure is likely to double before the year’s end, with Australians among the company’s top ten markets.For more information check out the company’s website: Roomorama Founders in their Roomorama property in New Yorklast_img