(Alliance News) - Dotstay Spa reported Thursday that in the first quarter, properties under property management fell by two units compared to the end of 2023 and by six units compared to the end of 2022, to 14.

Directly leased properties, on the other hand, decreased by two units compared to Dec. 31, 2023, and increased by 34 units compared to the end of 2022. The totlae balance shows a decrease of four units on a quarterly basis and an increase of 28 units compared to the end of 2022.

Alessandro Adamo, founder and CEO of Dotstay, said, "Dotstay's business is increasingly adapting to the new rental market environment and the trend of properties in the portfolio confirms this. We are continuing the line of favoring directly leased properties over those under property management, but more so we are focusing on ancillary services with which we aim to build user loyalty and be an all-round reference point for clients."

"To this end, we have, for example, implemented our platform and established the new concierge service, a real butler who responds to Dotstay customers' needs. The goal is to get closer and closer to the idea of a first friend in town, considering that the users who have used the Dotstay.com platform in recent years are mainly from abroad and more than just finding a home they need to get to know the place, discovering its services and customs."

Dotstay's stock closed Thursday at EUR6.40 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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