Stayfolio Raises $4.5M to Expand Upmarket Accommodation Platform - PhocusWire

Stayfolio claims that the average nightly rate for a stay in one of its properties is between $320 and $440 across its 200-strong portfolio. Excerpt taken from PhocusWire The company was established in 2015 and offers a mix of luxury vacation rentals and rooms at boutique hotels. Stayfolio claims that the average nightly rate for a stay in one of its properties is between $320 and $440 across its 200-strong portfolio. It started out expanding the business in South Korea, but now it plans to launch in other countries. One of the most successful strategies has been to attract celebrities and influencers to its properties. This gave it an impressive Instagram presence and captured the attention TV companies who then used the company to shoot productions. CEO Benny Lee said: "We wanted a challenge to the norm. Travel takes a lot of time. We believe travelers should use their entire trip and not just their day-to-day activities. Click here to see the complete article on PhocusWire Daily News Delivery Subscribe to your colleagues to stay informed about the latest trends and news in the Hotel industry. Subscribe 2021 Hotel News Resource

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