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As we saw in Chasing the Airbnb Economy, the hugely successful rise of Airbnb has inspired many new startups to launch in the accommodation-sharing sphere. Thanks to this growth, entrepreneurs have more business opportunities — and travelers more short-term rental options.
Not quite hotel, not quite Airbnb: Around the world, many travelers are skipping hotels and choosing holiday homes instead. And while Airbnb may have made this option popular among a new generation of travelers, the accommodation-sharing giant is no longer the only option.
Today’s travelers can choose from a range of short-term rental platforms catering to their preferences and needs. Here are just a few examples:
A rise in short-term rental platforms also means more property hosts — many of whom are new to hospitality. To make the job easier, entrepreneurial companies are stepping in.
• TurnKey helps vacation rental homeowners to promote their home, manage their property and grow revenue.
• Newbie hosts can navigate the complex world of property pricing across different channels with Wheelhouse.
• And BookingPal provides busy property owners with increased exposure and distribution management across multiple reservation platforms.
This 5-part series explores the key trends that are shaping the hospitality industry and creating opportunities for entrepreneurs. For a fuller analysis of these trends, see Les Roches and Skift’s joint report: “The Future of Hospitality Entrepreneurship.”
You might also be interested:
– The Future of Hospitality Entrepreneurship, Trend #4: Demand for Short-Term Rentals Grows Beyond Airbnb
– The Future of Hospitality Entrepreneurship, Trend #3: Rediscovering Local Experiences
– The Future of Hospitality Entrepreneurship, Trend #2: Chasing the Airbnb Economy
– The Future of Hospitality Entrepreneurship, Trend #1: Digital Concierge and Hotel Services
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