Cease or Consolidate
Photo Credit: South Africa's Ministry of Tourism and Airbnb have announced a partnership to regulate the country's short-term rental industry. Source: Airbnb https://www.airbnb.com / Airbnb
Skift Take
The short-term rental industry is at the cusp of cease or consolidate
This week, we have a roster full of stories — from company shutdowns to acquisitions, the short-term rental industry is on the brink of consolidation and professionalization that industry insiders keep harping on. Plus the latest from corporate housing provider, Blueground.
New Year Bonus: Hope you aren’t busy this weekend — Skift’s much-awaited Megatrends 2024 is now live, and waiting for your read. But before you go, on the agenda today:
Fractional Ownership Platform Here Folds AirDNA Buys Uplisting Blueground Enters Japan Airbnb a Bear? Not Here AnymoreMiami-based Here.co, which offered fractional ownership investments in short-term rentals, has ceased operations. Launched in 2022, buoyed by the pandemic-induced interest in short-term rentals, Here aimed to allow everyone to invest and fractionally own short-term rental properties. But the macroeconomic conditions and higher interest rates forced the company to shut down – effe
