• Beach Life Ltd. operates an online booking service restricted to beachfront properties around the world. Users of the company’s website booked beach rentals totalling $9.36 million in 2024. Bookings are fully paid for at the time of reservation and are 50% refundable if the reservation is cancelled anytime up to 21 days before the reservation date. After that date, the reservations are non-cancellable. Under the terms of the company’s listing agreements with property owners, Beach Life charges a fee of 10% of the total reservation and electronically transfers the balance of the cash collected directly to the property owner’s bank five days before the reservation date. Of the 2024 bookings, 90% had been completed before Beach Life’s December 31 year end. The balance was still within the cancellation period.