Selina and Remote Year are teaming up to combine a global portfolio of coworking hotels with a network of thousands of digital nomads. Erica Jamieson reports
In October of this year, Selina, a global hotel platform with properties in 19 countries, announced the acquisition of Remote Year as part of an all-stock transaction with a brand and customer base.
Remote Year, which organizes programs for digital nomads overseas who continue to work from anywhere, will continue to operate as a separate business utilizing Selina’s global list of trendy living and working areas.
In the meantime, Selina gains access to the network of members of Remote Year with alumni of over 2,000 “citizens of the distant nation”.
The partnership offers new avenues for digital nomads and those working remotely during the pandemic to explore new cultures and destinations while staying connected to work.According to the latest projections, it is expected that up to 40 percent of US employees will use a remote working model in the future.
According to Selina, the acquisition is one of several steps she is taking to “double the amount of time spent playing, and working from anywhere.”
In April 2019, Selina raised $ 100 million for Series C fundraisers, bringing the company’s total funding to $ 225 million.Selina was founded in 2012 by Israeli entrepreneurs Rafael Museri and Daniel Rudasevski and offers subscription-based travel packages for its 76 hotels in Latin America, the US and Europe.
You can book overnight stays or purchase a membership that includes all accommodations, coworking spaces, daily wellness activities, weekly laundry, and discounts on food and drinks.
The company has supported further growth during the pandemic, opening a dozen locations since early June. Selina has also launched three new subscription packages for long-stay remote workers.
The Nomad Passport from US $ 360 offers a 30-day prepaid stay that can be used in a four-month window. Tiered offers allow greater flexibility between locations, and guests must plan at least three nights per accommodation.
Selina CoLive is a monthly rental option with a term of up to four months starting at $ 300. Guests can choose up to three locations per month.
Finally, the B2B Remote Work Pass invites employers to purchase temporary stays at individual Selina hotels for remote workers and welcomes an industry approach to flexible WFA models.“With a new era of travel and hospitality in mind, we plan to continue expanding our product to deliver unique experiences at the intersection of culture, work and travel that ultimately make it easier than ever for a new generation of worldly travelers to be most fulfilling Life, ”says Museri.
Remote Year was founded in Chicago in 2015 and offers four-, six-, and twelve-month global work and travel routes. Each option requires a deposit of $ 3,500 or more and a monthly fee of $ 2,000 or more.
The cost includes private accommodation, coworking space around the clock, all flights and door-to-door transport, and cultural and experience sharing.
The Remote Year’s Village program also organizes month-long experiences in US cities for remote workers who cannot take extended breaks from their place of residence. Earlier this year, Remote Year signed a contract with the University of California, Irvine to offer an executive certification program through distance learning and coursework.The pandemic caused Remote Year to suspend all operations in mid-March and lay off the majority of its employees. With the support of Selina, the company is now starting to resume operations and has promised to fulfill all obligations to existing companies.
“We couldn’t be more excited to join the Selina family. We have worked with Selina in multiple markets over the past few years and look forward to leveraging the global team and infrastructure to develop our best programs to date.
“As travel resumes and more professionals work remotely, we plan to increase demand for our four- and twelve-month work and travel transformation programs,” said Sam Pessin, co-founder and CEO of Remote Year.In the meantime, Selina announced in mid-October that she had invested in the e-scooter sharing company LEO founded by Israel.
“In Selina we realized that environmentally friendly and“ open air ”transport will replace traditional mobility options such as buses, cars and trains,” says Museri. He adds that the partnership “will not only improve our guest experience, it will also open the doors to a new chapter in micro-mobility and hospitality.”
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