Articles tagged “lyric”

Tech-enabled vacation rental platform Overmoon has emerged from stealth with $80 million in debt and equity funding. 

Florida-based real estate investment firm Black Swan has acquired Lyric, a former short-term rental operator specializing in multifamily buildings.

The Lyric short-term rental brand is resurfacing as the capital environment sobers up, and the industry learns to be patient about scale and growth.

Restructuring in itself isn't necessarily the worst thing in the world for a company, although fired employees might not see it that way. This is at least the second recent and high-profile Airbnb investment. The other, with Oyo, doesn't appear to be proceeding according to plan, either.

U.S. hoteliers are finding their pricing options constrained because of an influx of both short-term rental supply during peak periods, and because of hotel construction. Hoteliers may decide to get into the short-term rental market or not, but they increasingly have to take it into account when fine-tuning pricing strategies.

Kayak is making a landmark departure from its current strategy. It will add a tool to its mobile app to let users who book select short-term rentals and boutique hotels through it check in and check out via its app. That moves the travel metasearch player beyond merely listing accommodations to actually providing extra services for guests at partner properties.

With so many hotel rooms in the pipeline, a turnaround of slower revenue-per-room growth in New York City is not expected until after 2020. It's a classic supply-and-demand problem, making it a delicate balance to get pricing power back in a city where tourism remains hot.

Can you be both a marketplace and a supplier at the same time? Airbnb certainly seems interested in testing that theory out.

Hotel-style accommodations brand Sonder has hit on a plausible business that uses technology to wring out inefficiencies from key processes. But several questions still hover around its model, as investment money gushes into the segment.

If you thought hotels had a lot of soft brands, wait until you see what's emerging in the vacation rental sector. The early success of the 25-year-old co-founder of Sonder is inspiring others.