Industry leaders took to the stage in New York City at the Skift Short-Term Rental Summit to share their views on what’s next for this rapidly growing accommodation sector. Here, we highlight nine of the most insightful sessions.
Hospitality brand onefinestay will bring bespoke theatrical performances to their guests in the US and UK thanks to a new partnership with London-based private theater group, Revels in Hand.
Short-term rentals, including the luxury vacation segment, can expect a cash infusion from high-yield demanding investors this year, especially in the light of rising mortgages and flattening home prices in the U.S.
Supply and demand are both strong in luxury vacation rentals. Affluent spenders are driving prices higher, but data shows that even the luxury segment with its prestige pricing won't be immune if consumer anxieties about the economy grow.
Originally set up during the pandemic to help nurses book and stay in homes, rather than hotels, TrustedStays has now "commercialized" its platform. It potentially opens the door to short-term rental operators that were previously locked out from corporate bookings.
Fora Travel has the potential to give impetus to the evolving role of travel agents in an Instagram and TikTok era. It all sounds good in theory, but much depends on whether the agency can deliver on providing adequate training to its burgeoning ranks.
Although CEO Sébastien Bazin said the transformation of Accor was pretty much done, he's not taking his foot off the pedal just yet in terms of moving the company more toward the luxury and lifestyle end of the hospitality market.
Accor's transformation over the past few years has been remarkable, but now it's facing a new challenge in Europe from the likes of Oyo. Can its accelerating development of upscale brands help offset growing competition in the midrange and economy sectors?