As happened with major online travel agencies, there will eventually be several winners in short-term rentals beyond Airbnb. But will these come from the independent property managers trying to build consumer brands, or will the larger players take them out as is customary?
Will Vacasa and Sonder have the wherewithal as public companies to build their own brands independent of relying on Google and Airbnb, and will their business model challenges be surmountable? There's a ton of potential and so much work ahead for each of the companies.
So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.
The technology-focused hospitality company is feeling upbeat on future growth, as occupancy moves in the right direction, but its touted "stellar" results follow a quiet first quarter.
In Skift’s top stories this week, England welcomes fully vaccinated tourists, hotels are focusing on conversions rather than mergers, and Brazil is setting itself up to become a travel tech hub in Latin America.
Sonder has been misunderstood by some. It offers both short-term rental and traditional hotel lodging, and it has mostly appealed to leisure travelers, not business people, so far. The startup's outreach to business travelers could change all that.