It’s a tough U.S. real estate market with high mortgage rates and home prices still in the stratosphere. For investors looking to buy a second home as a vacation rental, how can they be sure it won’t be a dud on Airbnb or Vrbo?
03.10.2023 - 18:57 / travelpulse.com / Amy Weinberg / Donald Wood
Hyatt Hotels Corporation announced plans for a new short-term vacation rental platform, Homes & Hideaways by World of Hyatt, that will feature private homes and remote hideaways in the United States.
Through the new rental platform, which is expected to launch in the coming weeks, World of Hyatt members will have direct booking access to a unique collection of short-term private home rentals, while still earning and redeeming loyalty points.
The Homes & Hideaways by World of Hyatt platform will focus on the premium vacation rentals segment and allow members to access residential rental accommodations across the U.S. in key travel destinations like Hawaii, Colorado, and more.
Hyatt also plans to grow the short-term vacation rental platform globally.
“We are committed to evolving access to the type of accommodations World of Hyatt members are seeking that go beyond our hotels – from a large family who travels together or guests looking to work from anywhere for an extended period of time,” Hyatt senior vice president Amy Weinberg said.
“Homes & Hideaways by World of Hyatt brings a unique collection of curated homes which increases Hyatt's home offerings and expands new ways and new places where we can extend care to members,” Weinberg continued.
Hyatt will work with several companies to purchase and operate the existing vacation rental management business currently branded as Destination Residences Management. Homes & Hideaways by World of Hyatt will eventually list key properties for direct booking.
The short-term rentals will include beachfront escapes, mountainside ski chalets, expansive villas, country chateaus, cozy cottages, modern townhouses, apartments, flats, penthouses and much more.
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It’s a tough U.S. real estate market with high mortgage rates and home prices still in the stratosphere. For investors looking to buy a second home as a vacation rental, how can they be sure it won’t be a dud on Airbnb or Vrbo?
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Hyatt doesn't have the biggest footprint when it comes to the major hotel groups, but it has grown steadily over the last several years — focusing on luxury properties, its European expansion, extended stays and all-inclusive resorts. Hyatt also recently acquired Mr & Mrs Smith hotels and is about to get into the vacation home rental market.
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