Short-term rentals tips

Miami startup Foothold.co has launched a real estate crowdfunding platform for investing in luxury vacation rentals.

The problem surfaced in late Summer — Booking.com’s short-term rental hosts in Europe, Asia-Pacific and Latin America cited financial hardships because the company wasn’t paying them for guest stays.

Five travel tech startups have announced fundraises this week totaling more than $144 million. 

Expedia Group has been consumed with, and weighed down by, launching a new loyalty program and transitioning its three core brands — Expedia, Hotels.com and Vrbo — to a common tech platform. But now those tasks are behind it.

Airbnb’s recent quarter was its most profitable ever and also the best in terms of revenue, according to a shareholder letter the company released Wednesday.

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Taylor Swift’s Eras Tour made headlines even before it began — by overwhelming booking platform Ticketmaster and drawing attention even from the U.S. Senate. 

Five travel tech startups announced fundraises of more than $57 million this week.

That investors are buying single-family homes across the country is not new, but how much and where?

Telluride, Colorado, is lifting its moratorium on new short-term rental licenses and introducing a $857 annual per-bedroom regulatory fee for property owners who rent to vacationers. This move is aimed at boosting revenue for housing initiatives and alleviating housing shortages.

Good morning from Skift. It’s Friday, October 6. Here’s what you need to know about the business of travel today.

Many people assume that hotel operators and short-term rental managers are fighting for the same customers. But they’re not, said executives at last week’s Skift Global Forum 2023. Hotels tend to attract guests with different needs than short-term rentals do, the industry leaders argued.

Vrbo wants to protect consumers better by levying penalties on hosts who cancel reservations and raising eligibility standards for “premier hosts.”

In the world of short-term rentals, there are many ways people can book a stay. Offline bookings continue to make up a significant chunk of the market, albeit a declining one, and there are many niche online booking platforms, as highlighted in our Skift Short-Term Rental 250 map.

New York City’s short-term rental regulations could slash up to 70% of Airbnb’s 23,000 active listings in the city after September 5. Experts are divided on how the move might affect hotels, and their forecasts are foggy. Yet the analyses reveal interesting details about this critical lodging market regardless.

Hosting a United Nations climate summit for tens of thousands of people in any city is a daunting task. Doing it in a part of the Amazon rainforest unaccustomed to hordes of visitors will be even harder.

Airbnb was the top-spending travel brand on U.S. national TV during the first 11 months of 2022 at an estimated $86.5 million, but it was merely the ninth most-seen among travel websites, hotels and motels, resorts and theme parks, cruise lines and airlines.

Blueground is seeing its apartments being rented out as safe havens from political upheavals.

Just about everyone has heard of Airbnb. 

India-based budget hotel operator and aggegator Oyo updated its draft red herring prospectus with results for the first half of the fiscal year signalling its intent to soon launch its initial public offering.

A new study on the impact of short-term rentals in Puerto Rico, where the proliferation of Airbnb listings played an outsized role in its tourism recovery following Hurricane Maria, found that a 10 percent increase in short-term rental density in relation to the total number of housing units, led to a 7 percent increase in median rents and a 23 percent jump in housing unit prices.