Short-Term Rental and Vacation Rental News

Airbnb is winning market share because of increased conversion rates, according to SimilarWeb estimates.

Good morning from Skift. It's Friday, May 13, in New York City. Here's what you need to know about the business of travel today.

Airbnb has recognized that it needs to bolster the confidence of many travelers that short-term rentals and vacation homes are exactly as advertised. It's taken a big stride in that direction, said Catherine Powell, global head of hosting at the online travel agency.

The self-proclaimed next-generation hospitality company has a finely tuned strategy, but it may be a slow-burner as profits continue to be elusive.

Marriott Bonvoy members account for about 90 percent of bookings on the company's Homes & Villas short-term rental platform, and access to that pool of customers is a strength, the unit's leader said. This pool of potential customers helped fuel Homes & Villas' 30-fold growth since its 2019 launch.

Good morning from Skift. It's Thursday, May 12, in New York City. Here's what you need to know about the business of travel today.

Myriad ways exist for hosts to build their short-term rental businesses. And if the choices are complex today, just wait for the rush of new vendors and operators seeing gold in them hills.

The pandemic boosted the growth of the already flourishing short-term rentals sub sector of the European accommodation market. It is still to be seen how the various sub sectors will compete to define the market landscape.

Famous last words? Well, for travel industry’s sake coming from this brutal period, we hope not!

Interesting new attempt by Airbnb to rethink how people search and discover on its product and likely to finally spur some innovation in travel search and booking.