Articles tagged “str2019”

Sykes Cottages Sold for $480 Million in a Bet on Tech-Led Short-Term Rentals

Sykes Cottages Sold for $480 Million in a Bet on Tech-Led Short-Term Rentals

Sean O'Neill, Skift

The deal gives a nice return to private equity firm Livingbridge, which bought Sykes in 2015 for about $75 million. What makes Sykes Cottages stand out is that it has fully built almost all of its technology on its own and has almost 80 percent direct bookings. New majority stakeholder Vitruvian is now placing a bet on short-term rentals.

2 weeks ago

Vacasa Nets $319 Million in Backing for Vacation Rental Management

Vacasa Nets $319 Million in Backing for Vacation Rental Management

Sean O'Neill, Skift

Short-term rental companies can't believe their luck. Private equity and venture capital continue to pour into their sector despite a hot market. Vacasa has remained an investor darling, in part, because it has branched into opening real estate brokerages to help boost the supply of units.

2 weeks ago

Short-Term Rental Company Altido to Ramp Up Dealmaking as Antidote to Market Pressures

Short-Term Rental Company Altido to Ramp Up Dealmaking as Antidote to Market Pressures

Sean O'Neill, Skift

Altido, a short-term property management group based in Europe, plans to grow through bite-size mergers in 2020. Its new CEO seems right in saying that the dynamics driving the company's strategy speak to larger dynamics in the sector.

2 weeks ago

Why Some Short-Term Rental Tech Vendors Are Turning Away from Independent Hosts

Why Some Short-Term Rental Tech Vendors Are Turning Away from Independent Hosts

Wouter Geerts and Sean O'Neill, Skift

Short-term rental tech vendors are increasingly forced to pick a side: Focus on professional property managers or focus on the long tail of independent hosts. There's business in both, but understanding customer needs is paramount.

3 weeks ago

Airbnb Makes Debut in Google Vacation Rentals — For Now

Airbnb Makes Debut in Google Vacation Rentals — For Now

Dennis Schaal, Skift

In online travel, everything is tactical and not necessarily permanent. But for now, at least, those coveted Airbnb listings are appearing in Google's vacation rental pages in some European cities. This could have big implications for both companies if those listings remain.

3 weeks ago

Short-Term Rental Managers Look to Data for Smarter Pricing

Short-Term Rental Managers Look to Data for Smarter Pricing

Sean O'Neill, Skift

Nowhere is the need for a more tech-driven, business-oriented model for setting rates more clear than with short-term rental property management companies. Several startups aim to supercharge rate-setting with data-powered insights. But there's probably too many of these young companies for them to all survive long-term.

3 weeks ago

Did Airbnb’s Contrarian Narrative Just Get Messed Up?

Did Airbnb’s Contrarian Narrative Just Get Messed Up?

Dennis Schaal, Skift

Airbnb is on a path toward spending as much as $2 billion in sales and marketing in 2019. When you consider that Airbnb will likely have to start spending more with Google as it adds more hotels onto its platform, then the company's supposed competitive advantage over Booking Holdings and Expedia Group on that front appears a little less attractive.

4 weeks ago

Airbnb Doubles Down on Professional Vacation Rentals in Resort Areas

Airbnb Doubles Down on Professional Vacation Rentals in Resort Areas

Sean O'Neill, Skift

The online juggernaut isn't satisfied with dominating urban markets. Airbnb wants to take the beaches and the mountains, too, in the battle for short-term rental bookings. So the company is becoming savvier in how it approaches local property managers.

4 weeks ago

Announcing the First Round of Speakers for Skift Short-Term Rental Summit

Announcing the First Round of Speakers for Skift Short-Term Rental Summit

Brian Quinn, Skift

We’re diving deeper into the fast-changing world of the short-term rental sector with this first-ever Skift Summit. Here’s what you can expect to learn and who you'll hear from at our inaugural event.

4 weeks ago

Booking.com’s New Star Ratings for Short-Term Rentals Shake Sector

Booking.com’s New Star Ratings for Short-Term Rentals Shake Sector

Sean O'Neill, Skift

If you believe internet ratings, you’d think everything sold online is above average. Booking.com appears to be trying to combat that problem in the short-term rentals sector by rolling out a rating system. The company risks upsetting some property managers by acting as self-appointed judge and jury of unit quality. But some travelers may like the additional context.

4 weeks ago

Marriott Drives Deeper Into Luxury Short-Term Rentals as a Loyalty Play

Marriott Drives Deeper Into Luxury Short-Term Rentals as a Loyalty Play

Sean O'Neill, Skift

Airbnb has nothing to worry about. Marriott is mainly interested in using rentals as a tool to build brand loyalty. So the Bethesda, Maryland-based hotel giant won't threaten the established players in short-term rental booking.

4 weeks ago

Booking.com Launches Flights Through Partnership Across Europe

Booking.com Launches Flights Through Partnership Across Europe

Dennis Schaal, Skift

The Booking.com flight partnership with eTraveli doesn't seem particularly seamless because travelers still have to hop over to a third-party site, Gotogate, to complete their reservations. Still, the deal is another step in Booking.com's evolution from hotel-only provider in its early days to well-rounded online travel company.

4 weeks ago