In late September, Hyatt Hotels announced that it was exiting its vacation rental management business while launching an online short-term rental platform soon. Its Destination Residences Management unit was sold…
Brazil is a huge market, as are airline tickets, for Despegar. A rival with an alleged Ponzi scheme for selling airline tickets wasn't really fair competition.
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.
When online travel agencies trot out statistics on their numbers of properties, is it a vanity thing or something more strategic? If you take Vrbo at its word, it's going for quality over quantity.