The vacation rental industry has gone through a lot of changes lately. The past year has seen new vacation rental industry trends that will have an impact on how we do business in 2020.
Alphabet unit Google faces the risk of more EU antitrust problems after 40 rivals on both sides of the Atlantic accused it of favouring its own vacation rental service on its search engine and urged European Union enforcers to take action.
Not long ago, traveling to another city generally meant selecting a hotel to spend the night. But then Airbnb made it fashionable to stay in people's luxury villas, city-center condos, rustic cabins and any number of unique accommodations around the world.
Airbnb will be breathing a sigh of relief today: Europes top court has judged it to be an online platform, which merely connects people looking for short-term accommodation, rather than a full-blown estate agent.
Company Will Add 250+ Steamboat Springs Vacation Homes to its Portfolio
When Airbnb takes action, the hospitality industry takes notice. In 2018, the disruptor made waves with Airbnb Plus, higher-end offerings that directly compete with hotels. Luxury hotel brands were stepping into the homeshare arena to compete with Airbnb, and are now making strides in one of Airbnbs most successful arenas: experiences.
After tossing its listings into Googles vacation rental product in Europe and Asia about a month ago, some of Airbnbs apartment and vacation home listings in the United States are now appearing in Google as well.
Vacasa, North Americas largest vacation rental management platform, today announced a $319 million strategic investment round led by Silver Lake, a global leader in technology investing. Existing investors Riverwood Capital, Level Equity and NewSpring also participated in the capital raise.
At the Vacation Rental Management Association (VRMA) International Conference in New Orleans, Louisiana, Booking.com disclosed that on average, 7 guests per second are checking into a home, apartment or unique place to stay. The announcement comes alongside the launch of new tools and product enhancements directly informed by feedback from Booking.com partners.
The so-called 'sharing economy' has experienced significant growth over recent years and is poised to outpace the growth of traditional accommodation. Drawing on case studies from around the world, 'New Business Models in the Accommodation Industry' analyses existing rules and regulations for the sector.