Stayfolio Raises $4.5M to Expand Upmarket Accommodation Platform

Stayfolio Raises $4.5M to Expand Upmarket Accommodation Platform



Stayfolio says the average stay at one of its properties comes in at around $320 to $440 per night across its portfolio of 200.

Stayfolio listing E-hosorak - Courtesy Stayfolio

Stayfolio listing E-hosorak – Courtesy Stayfolio

Excerpt from PhocusWire

The company was founded in 2015 and provides a combination of luxury vacation rental properties and rooms from boutique hotels properties.

Stayfolio says the average stay at one of its properties comes in at around $320 to $440 per night across its portfolio of 200.

The initial growth trajectory has been to expand the business around South Korea but it now expects to launch in other markets.

A particularly successful strategy has been to attract influencers and celebrities to its properties, giving it a sizeable Instagram presence and capturing the attention of TV companies that have then used the company for production shoots.

CEO Benny Lee says: “We wanted to challenge the norm. A great deal of time is spent on travel and we believe that for this investment, travelers deserve to utilize their entire trip, not just their day-time activities.”

Click here to read complete article at PhocusWire.

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© 2021 Hotel News Resource



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