ONDA teams up with extended-stay operators Wassong and House Sara to streamline property sales and management for accommodation owners
ONDA Signs MOU with Wassong and House Sara for Extended-Stay Property Operations
— Partnership aims to help property owners sell inventory efficiently and run operations smoothly
— Three companies commit to building sustainable partnerships and cleaning up Korea's extended-stay market
(Press release — August 19, 2021) Hospitality B2B platform ONDA announced today it has signed MOUs with extended-stay property operators Wassong and House Sara to jointly develop the extended-stay accommodation market.
The back-to-back signing ceremonies took place yesterday (August 18) at ONDA's headquarters in Yeoksam-dong, Gangnam, with ONDA CEO Oh Hyun-seok, Wassong CEO Song Min-jun, and House Sara CEO Jang Ho-jin in attendance.
The agreements accelerate ONDA's SoTA Collection expansion. The partnership tackles chronic issues in Korea's extended-stay sector — murky budgets, unclear revenue splits, operational opacity — while maximizing returns for property investors. Together, the three companies plan to build a successful commission-based management system.
Wassong specializes in managing extended-stay properties, including residences, apartments, and villas. The company also handles hotel construction, design, property management, and home IoT systems.
House Sara is deeply plugged into the new accommodation ecosystem — its CEO currently leads Airbnb's host community in Korea. The company is leveraging five years of Airbnb operating know-how to shake up extended-stay hospitality.
Through the partnership, ONDA will expand SoTA Collection's capabilities: property management systems, granular market data, channel connections to leading domestic and international OTAs — all SaaS tools that help owners sell inventory and run properties efficiently.
The three companies will pool decades of operational expertise to collaborate across every phase: building permits, investor recruitment and negotiation, construction, and project execution through completion.
"Extended-stay is hot right now, but the sector has been plagued by opaque operations and low trust between operators and owners," said ONDA CEO Oh Hyun-seok. "We're stepping up to fix that. We'll work to build sustainable partnerships between investors and operators — and actively collaborate with like-minded companies to create a healthier extended-stay ecosystem."
ONDA is Korea's first all-in-one hospitality B2B platform, simultaneously running a property management system (PMS), global distribution system (GDS), hotel management services (HM), and SoTA Collection, its commission-based brand. The company recently became Google's first Korean partner for Google Hotels, the search giant's accommodation booking service. (End)