New Report: 9 Takeaways from Skift’s Short-Term Rental Summit 2023

Skift’s Short-Term Rental Summit returned to New York in June 2023 with CEOs and senior executives from across the industry exploring the sector’s promising potential, especially in light of surging demand in response to the pandemic, opportunities made possible by remote working, and growth and innovation powered by generative artificial intelligence.

For this report, Skift teamed up with onefinestay to showcase some of the most important discussions and insights shared by industry leaders at this year’s event. Topics are explored through incisive executive interviews, deep-dive panels, and Skift research analysts examining the global economic, consumer, and technology trends that are shaping the short-term rental accommodation industry.

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In this report:

• How can professionalization help STRs be more competitive with hotels?
  
• Will STRs continue to flourish despite slowing supply rates and a potential recession?
  
• How do brand partnerships with shared tech platforms and generative AI improve efficiency and diversity?
  
• How can generative AI reduce supply acquisition costs of STRs while increasing profitability, productivity, and guest satisfaction?
  
• How do STRs with varied and flexible lengths of stay satisfy the different needs of specific traveler segments?
  
• What support would encourage more hosts to enter and remain in the short-term rental market?
  
• What kinds of machine learning tools are helping build trust in STRs from hosts and guests?