The Future of Short-Term Rentals After the Pandemic and an Airbnb IPO
Skift Take
The entire hospitality industry would agree that short-term rentals led the tentative recovery in the spring and into the summer in many parts of the world. But a key question will be how will they respond when hotels and cities come back in earnest — and with vaccines a real possibility, they certainly will.
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But it is going to be a long hard winter for the travel industry in many parts of the globe as international visitors slowed to a trickle or were totally absent, and there will be additional bankruptcies, layoffs and pain. Did the short-term rental industry cut deep enough in the spring? Will there be ample funding to survive? The entire hospitality industry would acknowledge that short-term rentals led the tentative recovery in the Spring and into the Summer in many parts of the world. But a key question for the industry will be how will short-term rentals respond when hotels and cities come back in earnest — and with vaccines a real possibility, they certainly will. Regulation is A Crisis for Hosts and Platforms The short-term rental industry hasn't solved a core issue: Although the gig economy provided a lifeline to property owners and to destinations dependent on tourism revenue in the pre-pandemic era, it also disrupted neighborhoods, and contributed