(Alliance News) - Dotstay Spa reported Wednesday that properties under management as of Sept. 30 increased by one unit to 19 from 18 units as of June 30.

Those under direct lease, on the other hand, rose to 50 from 37 at midyear.

Alessandro Adamo, founder and chief executive officer of Dotstay, said, "Consistent with the post-Covid-19 resumption of activity and the resulting increase in requests for properties from students and workers, we have chosen to increase the share of properties under direct lease. This decision, highlighted by the numbers presented today, is in line with the company's new strategy, stemming from an important opportunity in today's market: the trend to prefer long-term rentals over short-term ones."

Dotstay's stock closed Wednesday unchanged at EUR7.00 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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