Traveler demand for vacation rentals in the U.S. is still growing, but the pace has "started to decelerate quickly," according to a report from property manager Evolve.
WanderJaunt claims in its sales pitch to sell its assets that it had industry-leading unit economics. It doesn't explain, however, why it closed operations on short notice leaving employees, guests, and creditors hanging.
Whether it’s via Whimstay or others, the Hotwire-like selling of last-minute inventory for vacation rentals is destined to find a role in this very hot sector.
Myriad ways exist for hosts to build their short-term rental businesses. And if the choices are complex today, just wait for the rush of new vendors and operators seeing gold in them hills.
A new generation of apartment-booking platforms want to throw out industry terms like "short-term rentals" and "leases." They simply call it living, and they’re now after corporate business.
Outsiders figure out what's wrong with an industry and rightfully disrupt it. Then they learn that the disrupted industry does things a certain way for a reason. It doesn't mean Sonder's overall strategy is wrong, but that's a lesson it is learning.