Roomorama, a B2C vacation rental platform based in Singapore, has stopped taking new bookings and is blaming “increased competition and regulatory headwinds” for the decision.
Its dedicated B2B operation Bridge Rental has also ceased operations at this time, according to a spokesperson.
Existing Roomorama bookings will be met, a statement said.
The business has been around since 2009. In 2012 it merged with European rival Loftly and raised $2.1m seed funding. It has not raised any more cash since then.
More recently, Roomorama launched the dedicated B2B business Bridge Rentals and appointed Nina Kubik-Cheng as its new managing director with the brief to expand the B2B operations.
Bridge has a distribution deal with Ctrip while Roomorama shared its inventory with Tujia and HomeAway.
Roomorama claimed to have access to 300,000 properties.
More details to follow.