Articles tagged “lyric”

News Blog

Vacation Rental Platform Overmoon Debuts With $80 Million

Tech-enabled vacation rental platform Overmoon has emerged from stealth with $80 million in debt and equity funding. The company was founded in 2021 by Joe Fraiman, who was associated with the Airbnb-backed, shuttered startup Lyric. The company is launching Overmoon Exchange, a fintech-enabled program in partnership with Flock Homes (a startup backed by Andreessen Horowitz),…

Srividya Kalyanaraman | 4 months ago

Short-Term Rentals

New Life For Lyric in Latest M&A Deal

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

Srividya Kalyanaraman | 11 months ago

Short-Term Rentals

Black Swan Buys and Tries to Revive Short-Term Rental Brand Lyric

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.

Srividya Kalyanaraman | 11 months ago

Hotels

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

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.

Dennis Schaal, Skift | 4 years ago

Airbnb-Backed Rental Manager Lyric Restructures to Focus Just on Key Cities

Hotels

Short-Term Rentals a Key Factor in Sluggish Hotel Rate Growth

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.

Dennis Schaal , Skift | 4 years ago

Short-Term Rentals a Key Factor in Sluggish Hotel Rate Growth

Online Travel

Kayak’s Search App Will Soon Let Users Check in to Select Rentals and Hotels

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.

Sean O'Neill, Skift | 4 years ago

Kayak’s Search App Will Soon Let Users Check in to Select Rentals and Hotels

Hotels

Tourism Is Up: So Why Is New York City’s Hotel Room Revenue Slumping?

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.

Danni Santana, Skift | 5 years ago

Tourism Is Up: So Why Is New York City’s Hotel Room Revenue Slumping?

Hotels

Airbnb Leads New $160 Million Funding for Short-Term Rental Brand Lyric

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

Deanna Ting, Skift | 5 years ago

Hotels

A Closer Look at Sonder’s Tech-Focused Bet on Next-Gen Rentals

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.

Sean O'Neill, Skift | 5 years ago

A Closer Look at Sonder’s Tech-Focused Bet on Next-Gen Rentals

Hotels

Rental Brand Sonder Raises $85 Million on Soft Brand Boom

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.

Sean O'Neill, Skift | 6 years ago