Articles tagged “vacation rentals”

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

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

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 Holdings Is Withdrawing From Google Vacation Rentals

Booking Holdings Is Withdrawing From Google Vacation Rentals

Dennis Schaal, Skift

Behind the scenes, there may be abundant reasons that Booking Holdings and Airbnb, for that matter, won't be dabbling in Google's vacation rentals business for the time being. Perhaps they are seeking to boost direct traffic or are unhappy with the economics and user experience. Expedia may be positioned to take some advantage.

1 month ago

Does Airbnb Really Need to Join Google’s New Vacation Rental Business?

Does Airbnb Really Need to Join Google’s New Vacation Rental Business?

Dennis Schaal, Skift

Do or die? Test and learn? Now or never? As Airbnb marches toward going public in 2020, a key question in many minds will be how Airbnb deals with Google — and at what price. There are no slam-dunk answers.

1 month ago

Google Elevates Vacation Rentals With Hotel-Like Treatment in Search

Google Elevates Vacation Rentals With Hotel-Like Treatment in Search

Dennis Schaal, Skift

Google is following its hotel playbook in giving its own vacation rental and apartments business preferential treatment in Google search. As antitrust regulators take a look at Google's practices, and if travel is part of the review, this twist will be high on the agenda.

1 month ago

Google Signals Its Vacation Rental Ambitions With Vacasa Direct-Connect

Google Signals Its Vacation Rental Ambitions With Vacasa Direct-Connect

Dennis Schaal, Skift

We've seen this playbook before. Google isn't making much money off its vacation rental business, and doesn't need to sweat it. With its domination of search, Google will take its time, build its global property numbers, and test what works. Competitors know what's coming.

2 months ago