Articles tagged “lyric”

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

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

Dennis Schaal, Skift

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.

7 months ago

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

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

Dennis Schaal , Skift

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.

8 months ago

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

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

Sean O'Neill, Skift

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.

10 months ago

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

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

Danni Santana, Skift

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.

1 year ago

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

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

Deanna Ting, Skift

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

1 year ago

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

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

Sean O'Neill, Skift

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.

2 years ago

Rental Brand Sonder Raises $85 Million on Soft Brand Boom

Rental Brand Sonder Raises $85 Million on Soft Brand Boom

Sean O'Neill, Skift

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.

2 years ago

Airbnb Plus’ Risky Bet to Push Homesharing to a New Level

Airbnb Plus’ Risky Bet to Push Homesharing to a New Level

Deanna Ting, Skift

If Airbnb is successful with Airbnb Plus, it will ensure that alternative accommodations are no longer seen as an alternative. But making it a success will be easier said than done.

2 years ago