Oman Government Invests $7 Million in UnderTheDoormat Group: Exclusive

Key Points

• UnderTheDoorMat Group secured $7 million in funding led by Oman Tourism Development Company, bringing its total funding to $18 million.
• The investment will accelerate regional expansion and technological development, particularly with Hospiria and TrustedStays platforms.
• Oman is legalizing and regulating short-term rentals to boost tourism, with a focus on professional standards, tax compliance, and market visibility.

Summary

UnderTheDoorMat Group, a UK-based property manager and tech provider, has raised $7 million in a funding round led by Oman Tourism Development Company (OMRAN Group), increasing its total funding to $18 million. The investment aims to support the company's regional expansion in the Middle East and enhance its technology platforms, including Hospiria and TrustedStays. The partnership also aligns with Oman's efforts to legalize and regulate short-term rentals, aiming to foster a professional, tax-compliant, and competitive rental market as part of its broader tourism development strategy.