Singapore-headquartered homesharing platform Roomorama.com has stopped accepting bookings worldwide, citing a challenging environment due to “increasing competition and regulatory headwinds”.
Roomorama was founded in 2009, and in 2012 moved its headquarters from New York to Singapore to focus more on Asia-Pacific. It also merged with European rival Loftly in 2012, before launching B2B arm Bridge Rentals and partnering Ctrip, Tujia and HomeAway in subsequent years.
It however continued facing competition from homesharing giant Airbnb and leading hotel booking sites, in addition to regulatory challenges worldwide.
The startup said in a statement that all existing bookings will be honoured. Customers can email info@roomorama.com for assistance.
