Articles tagged “str2019”

Hotel and Short-Term Rental Players Face Off Over Regulation

Hotel and Short-Term Rental Players Face Off Over Regulation

Spencer Lee, Skift

Nobody has found the best formula for regulation of the short-term rental industry. But hotel groups and rental platforms both realize that the outcomes of early battles will set precedents for future laws. This might explain why they are so willing to confront and call each other out publicly.

1 month ago

5 Smart Insights for the Short-Term Rental Industry

5 Smart Insights for the Short-Term Rental Industry

Sean O'Neill, Skift

The short-term rental market is a long-term growth sector. Yet its dynamics are being upended as professional management becomes popular and online travel companies seek smarter ways to sell the lodging. Here are several takeaways from Skift's first event to focus on the sector's opportunities.

2 months ago

What’ll It Take to Survive in Short-Term Rentals: Former Top Airbnb Exec

What’ll It Take to Survive in Short-Term Rentals: Former Top Airbnb Exec

Brian Sumers, Skift

People may see short-term rentals as a good get-rich-quick scheme. But according to former Airbnb CFO Laurence Tosi, it's not a simple business. The most successful companies in the space, he said, are also the most sophisticated.

2 months ago

Behind Airbnb’s Complicated Campaign to Win Trust

Behind Airbnb’s Complicated Campaign to Win Trust

Spencer Lee, Skift

In the wake of recent bad publicity and plans to go public in 2020, Airbnb has no choice but to take concerns among users and neighbors seriously. Its recent steps are a good start, but shouldn't these have been a part of the strategy to begin with?

2 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.

2 months ago

Marriott’s Foray Into Short-Term Rentals No Longer an Experiment — It’s a Business: Exec

Marriott’s Foray Into Short-Term Rentals No Longer an Experiment — It’s a Business: Exec

Rosie Spinks, Skift

Hospitality giants moving into the short-term rental space hasn't always gone smoothly. But Marriott's vice president of Homes & Villas said that the company isn't getting its feet wet anymore — it's found a business model that works and wants to grow it.

2 months ago

Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

Sonder Puts Hilton and Marriott in Its Sights as It Moves Into Hotel Business

Patrick Whyte, Skift

CEO Francis Davidson is clearly very, very ambitious — and has identified a path for Sonder to go on and challenge the very biggest names in hospitality.

2 months ago

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.

3 months 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.

3 months 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.

3 months 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 months 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 months ago