40 min listen
STR Consolidation & Hoteliers Underestimate Merging into STR’s
STR Consolidation & Hoteliers Underestimate Merging into STR’s
ratings:
Length:
35 minutes
Released:
Apr 3, 2023
Format:
Podcast episode
Description
The question of consolidation comes back up in regards to the short-term/vacation rental sector of hospitality while in almost the same sentence, we're seeing hoteliers and brands think that it would be easy for them to fully merge into the str/vacation rental sector based on their current standards within their properties.
Join us on Good Morning Hospitality as we share out insights and opinions on the above. Jump into the conversation with us since this is a live broadcast and we highly encourage audience engagement!
And make sure you're properly caffeinated ? ☕️
Industry News:
Kayak exits it’s hotel business but says they’ll still focus on tech (link)
Hospitality Vendors launching ChatGPT features/integrations (link)
OYO cuts IPO filing in half (link)
Airbnb looks at new revenue streams (link)
AirDNA’s Fact of the Week:
Occupancy levels continue to decline throughout the U.S. for short-term rentals. In February, occupancy declined -1.8% YOY to 55.8%, but was still up 2.3% vs. 2019.
Occupancy fell in 31 of the 50 largest short-term rental markets.Phoenix/Scottsdale, although the third-highest demand growth market with a growth rate of 60.3% YOY, had the largest drop in occupancy at -13.6% YOY. Phoenix/Scottsdale has been a top growth market in the past year, and undoubtedly, additional supply was motivated to become available as hosts attempted to take advantage of the Super Bowl.
Show Notes:
HFM Merch Store! 10% off for GMH listeners that use this link
TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
—
Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original.
This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media channels or YouTube and join the conversation, live!
Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Join us on Good Morning Hospitality as we share out insights and opinions on the above. Jump into the conversation with us since this is a live broadcast and we highly encourage audience engagement!
And make sure you're properly caffeinated ? ☕️
Industry News:
Kayak exits it’s hotel business but says they’ll still focus on tech (link)
Hospitality Vendors launching ChatGPT features/integrations (link)
OYO cuts IPO filing in half (link)
Airbnb looks at new revenue streams (link)
AirDNA’s Fact of the Week:
Occupancy levels continue to decline throughout the U.S. for short-term rentals. In February, occupancy declined -1.8% YOY to 55.8%, but was still up 2.3% vs. 2019.
Occupancy fell in 31 of the 50 largest short-term rental markets.Phoenix/Scottsdale, although the third-highest demand growth market with a growth rate of 60.3% YOY, had the largest drop in occupancy at -13.6% YOY. Phoenix/Scottsdale has been a top growth market in the past year, and undoubtedly, additional supply was motivated to become available as hosts attempted to take advantage of the Super Bowl.
Show Notes:
HFM Merch Store! 10% off for GMH listeners that use this link
TravelNet joins GMH as an official sponsor! Click this link to check out their special offer for our listeners!
AirDNA also joins GMH as a sponsor! Register for a free account, then search the market you want to purchase and enter the discount code: GMH20 at check-out!
—
Good Morning Hospitality is part of the Hospitality.FM podcast network and a Hospitality.FM Original.
This show is structured to cover industry news within all of travel/hospitality and is recorded live every Monday morning 7am PST/10am EST so make sure you tune in during our live show on our social media channels or YouTube and join the conversation, live!
Thank you to all of the Hospitality.FM Partners that help make this show possible and if you have any press you want covered during the show, fill out this form!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Apr 3, 2023
Format:
Podcast episode
Titles in the series (100)
The Evolution of Hospitality Education: <p>We talked about education in the hospitality industry and the IPO of Airbnb last week and so this week we are going to have a special guest from Hotel.School on the show and get deeper insights as we are still in the COVID19 time of isolation. </p> <p>Mentioned in this episode: <a href="https://hotel.school/">Hotel.School</a> </p> <p>Use the code: <a href="https://hotel.school/">GMH2020</a> for a free course on us! Only 50 people will be able to use this code so hurry up and get to it!</p> by Good Morning Hospitality